Oracle's Q3 income drops
Fresh from beating SAP to the punch for software business Retek and making its first steps towards integrating PeopleSoft, Oracle's latest quarterly figures are a mixed bag.
Business software giant Oracle has suffered a dip in net income for Q3 2005, to $540m (£287m) compared with $650m a year earlier. However, revenues jumped 18% to $2.95bn.
Fresh from its successful battle against rival SAP for retail software business Retek, Oracle CEO Larry Ellison said that it will now focus on the tough task of selling to its new customers acquired from PeopleSoft, as well as its legacy clients.
‘We can now sell into an installed base of over 23,000 applications customers worldwide. We intend to aggressively expand our number one position in North America and grow our share globally,’ he said.