Strong Result for Oracle as PeopleSoft Users Stay

Posted in: Technical Track

Oracle’s stronger than expected quarterly profits have sent its shares up almost 6 percent. Oracle CEO Larry Ellison contends that customers are spending more as global economies grow and that “the North American economy is extremely strong and so is Asia and Britain.” Ellison adds: “What’s contributing to Oracle’s success is not simply increases in technology budgets, but that Oracle is getting a larger percentage of the budget.”

Another key factor in Oracle’s recent success has been the company’s retention of PeopleSoft customers. Some analysts predicted that Oracle would not be able to hold on to the PeopleSoft users, but according to President Safra Catz retention of PeopleSoft customers is close to 100 percent.



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About the Author

As Pythian’s Chief Executive Officer, Paul leads this center of excellence for expert, outsourced technical services for companies whose systems are directly tied to revenue growth and business success. His passion and foresight for using data and technology to drive business success has helped Pythian become a high-growth global company with over 400 employees and offices in North America, Europe, and Asia. Paul, who started his career as a data scientist, founded Pythian when he was 25 years old. In addition to driving the business, Paul is a vocal proponent of diversity in the workplace, human rights, and economic empowerment. He supports his commitment through Pythian’s hiring and retention practices, his role as board member for the Basic Income Canada Network, and as a supporter of women in technology.

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