Oracle says applications revenues double again

For the second consecutive quarter, Oracle Europe, Middle East and Africa (Emea) has doubled its applications business revenues. The company grew its regional applications business in its second quarter of its 2001 fiscal year by 91 per cent, building on growth of 104 per centin the first quarter.

Globally, Oracle Corp announced second-quarter net income increased 62 per cent to $623 million, or $0.11 per share, while revenue grew to $2.7 billion. This compares to $2.3 billion in revenue, $384 million in net income, and $0.06 per share in Q2 last year.

Applications software sales increased 66 per cent to $279 million, while database software sales grew 19 per cent to $775 million. Total software licence revenue was up 25 per cent to $1.1 billion, while total service revenue increased 9 per cent to $1.5 billion for the quarter.

"Our applications business is getting stronger," CEO Larry Ellison said. "Oracle's new e-business suite puts every aspect of a business - marketing, sales, service, procurement, supply chain, manufacturing, accounting, human resources - everything, on the Internet. All the applications in our suite are designed and engineered to work together, so customers buying the entire suite don't need to do any systems integration."

The company's E-Business Suite leverages Internet business practices that allow companies to put their customer interactions, internal operations and supply chains online. These business practices have emerged as the key to e-business success, enabling companies to expand their markets, retain customers and increase business efficiency.

Husam Dajani, vice president, Middle East, said, "Our early bet on the Internet is paying off. Oracle 8i and our e-business suite are the hottest products on the Internet, while Oracle 9i, introduced this quarter, is already making the Internet a better place for business users and developers alike."

In the region, several major customers that have adopted the E-Business Suite this quarter include Dubai Internet City, Emirates Bank Group and Emirates airline.