Oracle NZ revenue surges 30%

The company doubled its net profit after tax to $17.8 million from $8.8 million

Oracle had a stellar 2007 year locally, boosting revenue from $58.5 million to $76.1 million, a 30% year-on-year increase.

Accounts filed with the Companies Office in December, for the financial year ending 31 May 2007, also show the company doubled its net profit after tax to $17.8 million from $8.8 million.

Oracle was not prepared to comment on the results, saying it was company policy not to do so on a country-by-country basis.

However, a statement released last year about Oracle’s Asia Pacific performance, which saw revenues increase 24%, sheds some light on the drivers behind the growth.

“FY07 was another year of strong growth for Oracle in Asia Pacific and Japan,” Derek Williams, chairman and executive vice president for Oracle Asia-Pacific and Japan, said in the statement. “We delivered sustained growth across all geographies and products. Our total revenues grew 24%, clearly outperforming the market and gaining market share.”

The replacement of legacy, proprietary systems and moves towards new service-oriented architectures drove some of the growth, according to the company. Oracle’s applications business was also said to be performing strongly.

The company was also claiming significant wins for its Fusion middleware and database businesses across the region, though no new local users were cited at the time.

Oracle globally made myriad acquisitions during the company’s 2007 financial year and these would undoubtedly have contributed to the surge in local sales. The company was not prepared to comment on this either.

It also appear Oracle has overtaken Sun in generating New Zealand revenue. According to Sun Microsystems (NZ)’s financial report, also lodged with the Company’s Office in December, revenue fell from $80.9 million for the year ended 30 June 2006 to $75.2 million in 2007. Sun’s net surplus was down slightly to $2 million from $2.1 million.

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