Leading Asian Companies Choose Oracle's Human Capital Management Solutions to Drive Workforce Excellence and Performance Management
Increasing Demand for Sophisticated Human Capital Management Tools Drive Significant Revenue Year-on-Year Growth of 71% for Oracle Asia Pacific in FY06
Hong Kong, August 28 2006 - Oracle Asia Pacific today announced that companies across Asia Pacific are increasingly adopting Oracle's Human Capital Management (HCM) solutions to drive workforce excellence and expand their people management capabilities, in order to stay competitive in the global economy.
Adoption of Oracle Human Capital Management solutions has continued to accelerate across Asia Pacific, delivering year-on-year growth of 71% across Oracle's Fiscal Year 06 (ended 31 May 2006, excluding Japan). HCM was a key contributor to Oracle Asia Pacific's overall applications business, which saw new license revenue grow by a record 80%. This strong growth has been boosted by increasing market recognition of Oracle's leadership in helping Human Resource (HR) organizations to transition from being primarily focused on administration to becoming more strategically focused on achieving workforce excellence and overall competitiveness. Continuing uptake of PeopleSoft Enterprise Human Capital Management applications have also boosted Oracle's overall HCM momentum.
Independent industry analysts have acknowledged Oracle's solution and market leadership in Human Capital Management. According to analyst firm AMR Research 1 , Oracle is the global leader in HCM by revenue, with a 26% share worldwide.
"In the current strong economic expansion, companies are not only experiencing the fierce competition for top talent that we typically see in these periods, but they are also facing a need for more sophisticated workforce planning," said Sean Loiselle, Oracle Asia Pacific's senior director of Oracle's Human Capital Management business. "Progressive enterprises recognize the strategic value of human capital and are leveraging technology to give them a competitive edge in driving workforce performance."
Industry analysts confirm that HCM technologies yield tangible results on both the top and bottom lines. A recent survey by CedarCrestone2 estimated companies that adopted Human Capital Management technologies for talent management demonstrated a 66% operating income growth, compared with only 2% for companies that were not using these technologies.
Oracle Sees HCM Demand and Implementation Success Across Asia
Oracle continues to win the confidence and trust of some of Asia's leading and most dynamic enterprises.
Among the companies which adopted Oracle Human Capital Management (HCM) in FY06 are: Amway Company Limited (China), Bangkok Dusit Medical Services Pcl (Thailand), Bank of India (India), Delhi Call Centers Pvt Ltd (India), Employees Provident Fund (Malaysia), First Commercial Bank (Taiwan), Hanjin Shipping (Korea), Huawei (China), Hutchison International (Hong Kong), LG Electronics (Korea), Malaysian Airlines (Malaysia), Maruti Udyog Ltd (India), PT Lippo Karawaci Tbk (Indonesia), Pune Customer Operations Pvt Ltd (India), Shanxi Communication Company (China), Shenzhen Development Bank (China), Sinosteel (China), Synergis Holdings Ltd (Hong Kong), and University Islam Antarabangsa (Malaysia).
Oracle's new customers that have recently gone live with Oracle HCM include: Alibaba (China), Cheongju National University of Education (Korea), Jeonju National University of Education (Korea), GRD Minproc (Australia), Infocomm Development Authority (Singapore), Ottogi (Korea), Panasonic Electric Works (China) and SVA-NEC (China).
Customers Benefit from Oracle's On-going Development of Oracle HCM Solutions Suite
As part of its "Applications Unlimited" program that outlines its commitment to enhance its applications products, Oracle continues to roll out significant enhancements to its Human Capital Management solutions portfolio.
This includes the release of PeopleSoft Enterprise Learning Management 9.0 - the first set of available applications in the PeopleSoft Enterprise 9.0 suite - to help improve performance and efficiencies across an organization. Companies are now equipped for better compliance with increasingly complex multinational regulatory requirements. They can offer users disconnected learning capabilities and can benefit from enhanced budgeting, cost tracking and reporting functionality. With this new release, Oracle is responding to customer feedback by including substantial usability enhancements while strengthening Oracle's talent management offering.
Oracle Human Capital Management family of applications automates the entire recruit-to-retire process, helping Asian enterprise align their workforce with strategic objectives. These capabilities are making good business sense at a time when Asia has just recovered from a series of recessions and enterprises are looking for ways to increase productivity by improving workforce performance and enhance their competitive advantage through better talent management. Oracle Human Capital Management enables these organizations with the capabilities to find, attract, retain and motivate the top talent to drive business growth.
About Oracle
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more information about Oracle visit our Web site at www.oracle.com.hk
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Oracle, JD Edwards, PeopleSoft and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
The above is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decision. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle. 1 The Human Capital Management Applications Report, 2005-2010, AMR Research
2 CedarCrestone 2005 Workforce Technologies and Service Delivery Approaches Survey, Eighth Annual Edition
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