Oracle registers 115.9 pc software revenue growth
Chennai, Jan 30: Oracle, a largest enterprise software company,has registered 115.9 per cent year-on-year total software revenuegrowth in 2005 for stand-alone Business Intelligence (BI) platforms inIndia, surpassing the average market growth of 29.2 per cent.
Addressing a press conference here today, Oracle Asia Pacific BIGeneral Manager Ricky Kapur said Oracle was the fastest growingstand-alone BI platform vendor in Asia Pacific excluding Japan.
Citing a report of market analyst 'Gartner,' he said Oracle hadregistered 64.8 per cent revenue growth in the stand-alone BI market inAsia Pacific in 2005, compared to the previous year.
Mr Kapur said leading organisations in the region were leveragingthe Oracle Business Intelligence platform to exploit their informationassets more efficiently for sustainable competitive advantage.
Oracle India Technology Sales Vice President S P S Grover saidbanking had been a major growth driver for BI applications due to BaselII compliance and increasing competition, which was forcing banks tofocus on customer analytics, services and fraud management.
As the global leader in business analytics software and datawarehousing tools, Oracle was bringing considerable expertise coupledwith a comprehensive, hot-pluggable portfolio of BI technology andapplications to help organisations across the region becomeinsight-driven enterprises, he added.