| India 4th largest market for Oracle in APAC |
| BS Reporter / Mumbai March 30, 2007 |
| India is the fourth largest market for Oracle in the APAC (excluding Japan) region, according to its third-quarter results for the region, while China is the first followed by South Korea and Australia. Oracle equates the market size in tandem with the nation's economy. So while Oracle has been in China for just about 17 years and in India for 19 years, China has been growing at approximately 9% per year. However, within two years, India has jumped to fourth position from fifth, while 5-6 years back it was in the 10th position. Though the company denied giving any exact numbers, it registered 89% growth from its new license revenues in Asia Pacific & Japan whereas the database and middleware new license revenues went up 26% in Q3FY07. In the past few years, Oracle has made 30 acquisitions in view with its focus on vertical markets. "Acquisitions in APAC region in the financial services, retail, telecom and utilities is not off-limits for Oracle," said Brian Mitchell, senior vice president, Asia Pacific while announcing Oracle |
