Oracle strong in NZ

Latest results are good

Oracle’s most recent New Zealand results, released in January, show the company’s revenue grew nearly $20 million from the previous year.

The vendor brought in revenue of $76.1 million for the year to May 2007, compared with $58.5 million for the year to May 2006. After-tax profit was up 100%, from $8.8 million in the 2006 year to $17.8 million for the 2007 one.

While Oracle wouldn’t comment on the New Zealand results, the local figures were in line with results for the Asia-Pacific region, which showed a 24% increase in revenue year-on-year.

The company cited the replacement of legacy, proprietary systems and moves towards new service-oriented architectures as contributing towards the revenue growth, as well as ongoing strength in its applications business.

The large number of acquisitions Oracle made in the 2006-7 period, which include business intelligence vendor Hyperion, year no doubt also helped boost the result.

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