Finance
Oracle Buys AdminServer
Oracle announced today that it has agreed to acquire AdminServer, a rapidly growing provider of insurance policy administration software. AdminServer’s product offering will become a core component of Oracle’s existing insurance industry software that is used by more than one thousand insurers, including 20 of the top 20 global insurance […]
Oracle Completes Acquisition of BEA Systems
Oracle Corporation announced today that it had received approval of the European Commission and subsequently completed its acquisition of BEA Systems, Inc.
“The addition of BEA will accelerate innovation by bringing together two companies with a common vision of a modern service-oriented architecture (SOA) infrastructure,” said Oracle President Charles Phillips. “Together, Oracle and BEA will provide […]
Applications New License Revenues Up 63%, Database and Middleware New License Revenues Up 28%
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Oracle today announced fiscal 2008 Q2 GAAP earnings per share were up 36% to $0.25, compared to the same quarter last year. Second quarter total GAAP revenues were up 28% to $5.3 billion, while quarterly GAAP net income was up 35% to $1.3 billion. Total GAAP software revenues were up 29% to $4.2 […]
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