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Monday, November 30 - 2009

Oracle Europe, Middle East & Africa deliver record results for the fiscal year 2007

  • United Arab Emirates: Wednesday, July 04 - 2007 at 11:19
  • PRESS RELEASE

Oracle Corporation (NASDAQ: ORCL) this week reported revenues of USD6.0 billion in US GAAP basis for the fiscal year 2007 (ended 31 May 2007) for the Europe, Middle East & Africa (EMEA) region, an increase of 28 per cent compared to fiscal year 2006.

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  • 'We are winning more deals as customers increasingly prefer a single vendor who can meet all their needs,' says Sergio Giacoletto, Executive Vice President, Oracle Europe, Middle East and Africa.
    'We are winning more deals as customers increasingly prefer a single vendor who can meet all their needs,' says Sergio Giacoletto, Executive Vice President, Oracle Europe, Middle East and Africa.
Sergio Giacoletto, Executive Vice President, Oracle Europe, Middle East and Africa commented, "Growth in the EMEA region has been excellent this year with many customers selecting Oracle products as the strategic platform across their global operations. We are winning more deals as customers increasingly prefer a single vendor who can meet all their needs. The combination of a superior set of business applications, innovation based on open standards, and a first-class support service is why customers across a broader span of industries choose Oracle as their preferred IT partner."

The region experienced increased demand from many industry sectors, in particular financial services, public services, communications and retail, as well as from small-to-medium sized enterprises. To help meet this increased customer demand, Oracle expanded its operations in the EMEA region. During fiscal year 2007, Oracle opened nine new sales offices in Bucharest, De Meern, Dubai, Istanbul, Lagos, Limonest, Moscow, Nairobi and Tirana to help governments and industries in these countries use information technology to realise their full economic potential. Oracle now has 132 offices in 57 countries in EMEA.

Industry analysts in the EMEA region, such as Ovum, are endorsing Oracle's success. "Oracle's application business has made major strides in the past year, growing strongly organically and expanding an already strong portfolio through acquisitions. The Applications Unlimited strategy has given customers, new and existing, the confidence to continue investing with Oracle, resulting in growth across product lines and geographies. Strategic acquisitions have been targeted at building critical mass and capability in key vertical markets, and Oracle is also experiencing strong growth here. The results should convince most people that the Oracle application strategy is working," said David Mitchell, Global head of software research, Ovum.

Customer Endorsements during the Fourth Quarter Fiscal 2007


Many world-class enterprises such as Credit Suisse Group and UBS AG of Switzerland, Deutsche Post IT Services and Metro Group of Germany, ING Direct of France, Agfa Digital Equipment of Belgium, Pirelli Tyres of Italy, and Sega UK and Lloyd's Register of the UK have selected OracleŽ solutions in database, middleware, business intelligence, business applications and collaboration to improve their business processes, and to help them gain better information, achieve cost efficiencies, and to deliver superior customer service.
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