Home / English Column / Business (new) / In Industry / IT Tools: Save | Print | E-mail | Most Read
Oracle Reports 17% Quarterly Growth for Asia Pacific
Adjust font size:

Software company Oracle Friday announced revenue increase of 17 percent to US$469 million in the quarter ended Nov. 30 for the Asia Pacific region.

 

"Our strong performance for applications business in key industries, ......is attributed to the favorable market environment and our successful product strategy," Arics Poon, managing director of Oracle South China and Hong Kong, told a press conference on Friday.

 

The increasingly closer economic ties between Hong Kong Special Administrative Region and the rest of China are driving more enterprises to develop advanced IT platform to manage cross-border business activities, said a statement issued by the company.

 

In the three months up to the end of last November, Oracle's operation in the Asia Pacific region accounted for about 14 percent of its worldwide total revenues.

 

The company, majoring in enterprises application software, will see steady growth in the year 2006.

 

Small and middle-sized enterprises (SME) are expected to become potential market for the company in this year.

 

The SME segment, comprising companies with annual revenue of less than US$500 million, has contributed more than 50 percent of Oracle's revenues in the Asia Pacific region, said Poon.

 

Oracle, however, declined to give specific growth target for this year.

 

(Xinhua News Agency February 10, 2006)

 

Tools: Save | Print | E-mail | Most Read

Related Stories
China Leads Oracle's Sales
Oracle, Dell Establish Strategic Partnership in China
Oracle Extends Graduate Development Program to HK
Oracle Heads to China
Oracle to Train 4,000 Chinese Software Engineers Annually
Oracle Ups Bet in High-stakes China Market
 
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved     E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号