By Sonya Rabbitte, 16 January 2002 14:45
NEWS Oracle today insisted that sales of its 11i ebusiness suite were on target, despite claims that business slowed down last year. Speaking at the company's Appsworld conference in Amsterdam today, senior executives said one third of its European customers - about 1,200 companies - were already implementing 11i upgrades and 380 had gone live just 18 months after the suite of applications was launched. But the company remained vague on US upgrade rates and claimed not to know how many European customers had moved to 9i, the database software unveiled last year. At the time, Oracle CEO Larry Ellison predicted that 50 per cent of customers would have moved to 9i within a year. But despite the interest in 11i, the company acknowledged that it had recently been outperformed financially by rival SAP. SAP last week reported a 16 per cent rise in 2001 revenue, while last month Oracle reported a 27 per cent drop in software licence revenue and flat services revenue for the second quarter "The number of deals in Europe today is the same as it was 18 months ago, but we've made no secret of the fact that the average value of those deals has decreased," said Sergio Giacoletto, Oracle's executive vice president for EMEA. Giacoletto attributed the revenue slump to the free 11i upgrades Oracle gives to 9i upgrade customers, claiming SAP bumped up their revenue by charging customers for upgrades to mysap.
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