Post by Hera on Oct 18, 2013 16:23:23 GMT -7
Yesterday's rather unpleasant IBM 3Q earnings report did little to shake the conventional wisdom that IBM is in need of some serious mojo to turn itself around as software and hardware revenue continues to decline.
So perhaps it seems a little cruel to take this opportunity to mention that in terms of strict software revenue, IBM just slipped to the No. 3 software company in the world, behind No. 1 Microsoft … and (now) No. 2 Oracle.
The claim was made in an Oct. 17 press release from Deborah Hellinger, Oracle VP of Corporate Communications. It was a quick blurb, with a few numbers to collaborate their statement thrown in:
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.
Oracle was pretty quick to point out that they had moved past IBM in terms of software sales. That's the thing about corporate sharks: if one starts bleeding, the others will turn on them in a feeding frenzy.
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Check out the rest of the story at:
readwrite.com/2013/10/18/oracle-claims-second-largest-software-company-title#awesm=~okFhWaFveUVMFB
So perhaps it seems a little cruel to take this opportunity to mention that in terms of strict software revenue, IBM just slipped to the No. 3 software company in the world, behind No. 1 Microsoft … and (now) No. 2 Oracle.
The claim was made in an Oct. 17 press release from Deborah Hellinger, Oracle VP of Corporate Communications. It was a quick blurb, with a few numbers to collaborate their statement thrown in:
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.
Oracle was pretty quick to point out that they had moved past IBM in terms of software sales. That's the thing about corporate sharks: if one starts bleeding, the others will turn on them in a feeding frenzy.
-----
Check out the rest of the story at:
readwrite.com/2013/10/18/oracle-claims-second-largest-software-company-title#awesm=~okFhWaFveUVMFB