TechnologyAccounting SoftwareOracle’s Q3 income drops

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.

Link: Oracle wins Retek bidding war

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.

Related Articles

5 key tech innovations helping accountants transform their businesses

Accounting Software 5 key tech innovations helping accountants transform their businesses

2w Heather Darnell, Founder of Ask the BOSS
Finance and the tech foundation: what’s needed to deliver impactful business insights?

Accounting Software Finance and the tech foundation: what’s needed to deliver impactful business insights?

3m Workday | Sponsored
Best accounting software for businesses in the UK

Accounting Software Best accounting software for businesses in the UK

3m Accountancy Age, Reporters
Making sense of enterprise tech concepts for finance teams

Accounting Software Making sense of enterprise tech concepts for finance teams

4m Workday | Sponsored
Open Banking: what you need to know

Accounting Software Open Banking: what you need to know

4m Edward Berks, Xero
Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

6m Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

10m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

10m Alia Shoaib, Reporter