We will continue to develop innovative software products and related cloud services in pursuit of becoming number one.
Safra Catz, Oracle President and CFO
Given IBM's recently announced quarterly results, we would like to take this opportunity to point out that Oracle's software business has been growing faster than IBM's software business and now Oracle has moved up to become the number 2 software company in the world while IBM has slipped to number 3.
Over IBM's last four quarters, they reported software revenue totaling $25.7 Billion, while during Oracle's last 4 quarters, we reported software revenue totaling $27.8 Billion.
IBM Software and Oracle Software (in millions):
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