BWW Geeks World

Oracle Becomes Second Largest Software Company in the World

Related: Press Release, News
Oracle Becomes Second Largest Software Company in the World

REDWOOD SHORES, CA - Oracle (NYSE: ORCL)

News Facts:

Given IBM's recently announced quarterly results, we would like to take this opportunity to point out that Oracle's software business has been growing faster than IBM's software business and now Oracle has moved up to become the number 2 software company in the world while IBM has slipped to number 3. Over IBM's last four quarters, they reported software revenue totaling $25.7 Billion, while during Oracle's last 4 quarters, we reported software revenue totaling $27.8 Billion.

Supporting Quote

  • "We will continue to develop innovative software products and related cloud services in pursuit of becoming number one," said Oracle President and CFO Safra Catz.

IBM Software and Oracle Software (in millions):

ORACLE   Q2'13 Q3'13 Q4'13 Q1'14 LTM
               
  GAAP   $6,649 $6,672 $8,428 $6,084 $27,833
               
IBM     Q4'12 Q1'13 Q2'13 Q3'13 LTM
               
  External   $7,915 $5,572 $6,423 $5,798 $25,708
               

Sources: IBM investor relations webpage and Oracle investor relations webpage.

About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE: ORCL), visit www.oracle.com.

Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

Related Links
Pioneer Bolsters Executive Sales and Marketing Team with Top Industry TalentPioneer Bolsters Executive Sales and Marketing Team with Top Industry Talent
September 02, 2014
Subgroup Analysis of ENGAGE AF-TIMI 48 Explores the Relationship Between Edoxaban Dose, Concentration, Anti-Factor Xa Activity and OutcomesSubgroup Analysis of ENGAGE AF-TIMI 48 Explores the Relationship Between Edoxaban Dose, Concentration, Anti-Factor Xa Activity and Outcomes
September 02, 2014
Shanda Interactive Entertainment Limited Announces Changes to ConsortiumShanda Interactive Entertainment Limited Announces Changes to Consortium
September 02, 2014
COMPUWARE INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Compuware Corp. (CPWR) Over the Proposed Sale of the Company to Private Equity Firm Thoma BrCOMPUWARE INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Compuware Corp. (CPWR) Over the Proposed Sale of the Company to Private Equity Firm Thoma Br
September 02, 2014
Motorola Solutions Extends TETRA Radio Coverage to Europe's Northernmost PointMotorola Solutions Extends TETRA Radio Coverage to Europe's Northernmost Point
September 02, 2014


About Author

Subscribe to Author Alerts

Become a Fan, Follower & Subscriber