Oracle pips IBM to become world’s second largest software firm
Tuesday, 29 October 2013 00:49
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Oracle’s software business has been growing faster than IBM’s software business and now Oracle has moved up to become the number two software company in the world while IBM has slipped to number three.
Over IBM’s last four quarters, they reported software revenue totalling $25.7 billion, while during Oracle’s last four quarters, software revenue totalled $ 27.8 billion.
“We will continue to develop innovative software products and related cloud services in pursuit of becoming number one,” said Oracle President and CFO Safra Catz.
Oracle engineers hardware and software to work together in the cloud and in data centre.
