Date:07/01/2005 URL: http://www.thehindubusinessline.com/2005/01/07/stories/2005010702050500.htm

Back Oracle Asia-Pacific revenues up 9 pc

Our Bureau

Hyderabad , Jan. 6

ENTRY into new market segments, growth in the mid market offerings and restructured and streamlined operations have powered Oracle growth in the Asia-Pacific region, including India, according to Mr Shekhar Dasgupta, Managing Director, Oracle India.

In an all-India conference call on Thursday, Mr Dasgupta along with senior members stated that information would continue to be the differentiator and Oracle expected to see more Indian companies using IT to get faster and better information about their business.

Oracle recently launched the Release 2 of Oracle Database 10g with advanced grid computing features and expects some pioneers in India to seriously look at using grid computing. Oracle's data hubs will play a big role in helping customers deploy service-oriented architectures and some companies in India are likely to take to these new initiatives.

Oracle Corporation APAC region revenues grew to $402 million, a 9 per cent increase over previous fiscal and this accounted for 18.5 per cent of Oracle's new licence revenues worldwide and 14.5 per cent of total revenues worldwide.

While the last six months saw a large uptake in Oracle mid-market offerings, Oracle entered newer markets and consolidated presence in sectors such as polyester films, gems and jewellery, dairy, pulp and paper, metals, textiles, pharmaceuticals, retail and clinical trials management.

According to Oracle, over 90 per cent of the major telecom operators in the country use Oracle technology and applications products, 80 per cent of banks use Oracle. Oracle penetrated into the financial services industry with Oracle Financial Services Applications (OFSA), which enables financial institutions to carry out risk management and other such high-end business processes.