Oracle Becomes Second Largest Software Company in the World
IBM Falls to Third
REDWOOD SHORES, Calif. – October 17, 2013
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.
"We will continue to develop innovative software products and related cloud services in pursuit of becoming number one," said Oracle President and CFO Safra Catz
IBM Software and Oracle Software (in millions):
Sources: IBM investor relations webpage and Oracle investor relations webpage.
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE:ORCL), visit http://www.oracle.com.
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