Oracle passes US$4bn revenue mark in EMEA

30 Jun 2005

Oracle has reported year-on-year revenue increase of 17pc in EMEA for its fiscal-year 2005 results, clearing the US$4bn mark for the first time.

Operations in the region accounted for 36pc of the company’s global revenues. New software licence revenues grew by 10pc compared with the previous year. The company said the three months from March to the end of May represented its biggest ever quarter, totalling US$4.288bn, part of its biggest ever fiscal-year performance.

For the final quarter of Oracle’s financial year, EMEA revenues were also up 17pc compared to the fourth quarter of 2004. The world’s second largest software company said the region saw increased demand from a range of industry sectors, notably public services, financial services and telecommunications.

Although it does not indicate country-specific financial performance, the software maker landed some significant deals in Ireland during the fourth quarter, with customer wins at Bank of Ireland, the Dublin Airport Authority and Meteor. In all, Oracle has more than 75,000 technology customers and some 8,000 applications customers in EMEA.

The company added to its product portfolio in the course of its financial year through the acquisitions of Retek, Oblix as well as the conclusion of its protracted and controversial purchase of PeopleSoft.

By Gordon Smith