ORACLE FUSION MIDDLEWARE REVENUE CROSSES US$1 BLN MARK. Check it out:
(Bernama The Malaysian National News Agency Via Thomson Dialog NewsEdge) from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, July 21 (Bernama) -- Oracle Corporation, the world's largest enterprise software company, today announced that revenue for Oracle Fusion Middleware passed the US$1 billion revenue threshold for financial year (FY) 2006
During the most recent quarter, Q4 FY 2006, Oracle Fusion Middleware licence revenue grew 57 percent year over year, the company said in a statement released here today
For the entire fiscal year, the product grew 34.5 percent year over year in licence revenue, it added
Oracle's president Charles Phillips said the results proved the strength of company's infrastructure software business and its ability to execute on organic growth
"We are capturing market share faster than any other player in the industry," he said
He added that nearly half of the company's middleware revenue during FY 2006 came from partners, demonstrating the strength of Oracle's middleware product with developers and systems integrators
For FY 2006, total product revenue (consisting of software licence revenues and maintenance revenue) for Oracle Fusion Middleware was more than US$1 billion
The product is aimed at enabling customers to adopt and manage service-oriented architectures in heterogeneous computing environments
Among the users are leading organisations in the financial services, telecommunications, manufacturing, retail, pharmaceuticals, healthcare and public sector industries
Copyright 2006 Bernama
Copyright 2006 Bernama - Malaysian National News Agency Source: Financial Times Information Limited - Asia Intelligence Wire.
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