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

Accountancy in the digital age: Flexibility, agility, efficiency

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

3w Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

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

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
UK behind foreign markets in digital accounting, but gap is narrowing

Accounting Software UK behind foreign markets in digital accounting, but gap is narrowing

7m Alia Shoaib, Reporter
The rise of the progressive accountant

Accounting Software The rise of the progressive accountant

8m Emma Smith, Managing Editor
Making Tax Digital: Revolution or revolt?

Accounting Software Making Tax Digital: Revolution or revolt?

8m Emma Smith, Managing Editor
Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

Accounting Software Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

8m Emma Smith, Managing Editor
Four reasons why SME owners should switch to cloud accounting

Accounting Software Four reasons why SME owners should switch to cloud accounting

9m Emma Smith, Managing Editor