The licensing revenue of this company in the fiscal year 2006 (ending May 31) increased by an impressive 80% due to the high demand from organizations and businesses in key industries. The number of customers using Oracle Applications in the region (excluding Japan) has surpassed 4,800.
According to Mark Gibbs, Senior Vice President in charge of applications for Oracle in the Asia-Pacific region, the fiscal year 2006 marked a record growth period for this segment of the company. “This strong increase stems from Oracle’s focus on meeting customer demands for open, flexible software that adheres to standardized protocols.”
Oracle Asia-Pacific continues to assert its influence through the number of licenses provided in key sectors such as financial services, communications, public utilities, government agencies, education, healthcare, manufacturing, retail, and distribution. In fiscal year 2006, over 250 companies in the region chose to invest in Oracle applications instead of SAP. Vietnam and Pakistan are currently the two fastest-growing markets for Oracle.
“Customers using SAP in the region are looking for an alternative to the costly, complex, and lengthy upgrade processes,” Gibbs emphasized. “Clearly, the era of proprietary applications is coming to an end. The market is witnessing the emergence of systems that are easy to integrate, maintain, and secure because they share a common standard.” Currently, customers using Oracle products no longer have to pay for newly released upgrades; they only pay for the initial licensing fee.
Gibbs also noted that in the future, all software will generally be sold as a service (SaaS). “The timing for this to happen will be determined by consumers,” the Oracle leader predicts.
P.K
