Oracle Asia Pacific delivers strong performance in early FY05

Mumbai: Oracle Asia Pacific reported strong performance in its first quarter of FY05 (ended August 31, 2004) as total revenues for the region grew to $346 million, an 11 per cent increase from Q1FY04. The Asia Pacific region accounted for 26 per cent of the company's new license revenues worldwide and 16 per cent of total revenues worldwide in the quarter. New license revenues grew 25 per cent compared with Q1FY04.

Database technology new license revenue in Asia Pacific grew 27 per cent in Q1. Oracle continues to gain scale and profitability in its core technology business, driven by the company's bold move to grid computing ahead of the competition, low price offerings which are key to gaining market share, and the Linux momentum to provide further tailwind.

"Oracle Asia Pacific has started the financial year on a very strong note, contributing significantly to Oracle's global performance," said Derek Williams, executive vice president for Oracle Asia Pacific. "The success of our Industries go-to-market model and strategic focus on key initiatives, including Oracle Grid, Linux and the mid-market, has placed our business in an excellent position for further growth."

To drive Oracle's performance and leadership in the region, Oracle is evolving its business strategy by leveraging its strong management expertise and core strengths in industry knowledge, product knowledge and key markets. Oracle is aligning its sales and consulting business in Asia Pacific with the corporate model to achieve deeper focus in three core areas — Industries, Technology and Applications. Additionally, Oracle will continue to focus on developing new business opportunities and relationships in each market in Asia Pacific.

"Oracle is uniquely positioned in the IT industry," said Mr. Williams. "We have developed a complete software stack — encompassing core technology to business applications — built on an open and integrated architecture, to deliver lower total cost of ownership. Our business in key vertical markets in Asia - including communications, media, utilities, government, education, healthcare and financial services - has grown significantly. This is the result of our clear focus on developing strategic solutions that meet specific industry requirements."

"This alignment will increase our ability to address market opportunities in Asia Pacific in the three focus areas of industries, technology and applications. In each market, we want to increase our focus on our customers and grow revenues by leveraging local management knowledge, building long-term relationships with industry partners and governments, and providing enhanced support, services and solutions to our customers and the business community," said Mr. Williams.