Buoyed by positive second-quarter company results and optimism over IT spending, Oracle Corp’s CEO yesterday talked-up the company’s 10g Database against IBM Corp’s DB2.
Larry Ellison predicted strong-up take for 10g Database, due to ship next month. Combined with Linux, the 10g database will provide a high-performance platform for customers’ applications against mainframe-based architectures and DB2 from IBM.
We are still expecting a bit of a pop. Instead of using DB2 [customers] will use Linux boxes and 10g, Ellison predicted.
Ellison also cast doubt on the effectiveness of IBM’s reported decision to re-organize software sales around vertical markets, saying it was a strategy Oracle had tried and abandoned before.
Industry expertise is very important when selling to industries. Product knowledge is very important when selling technology, he said.
Oracle yesterday reported 15% growth in net income for the three months to November 30 to $617m, on revenue that grew 8.1% to $2.4bn. Earnings per share totaled $0.12, up from $0.10.
For the year to-date, net income jumped 20% to $1bn on revenue that increased 5.3% to $4.5bn.
Company chief financial officer Jeff Henley noted that based on different market indicators and reports, he is now optimistic about customers’ IT spending. Technology spending seems to be improving, he said.
This article is based on material originally produced by ComputerWire.