One-Stop Shop for Vertical Tech StackBy Reuters | Posted 2010-09-24 Email Print
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Oracle CEO Larry Ellison says his company's acquisition strategy will focus on technology companies, including microchip makers, and not so much IT and business services firms such as Accenture.
Combining technology acquired through Sun with Oracle's database software, the company released the Exadata X2-8 database appliance and Exalogic, a new product to help companies manage so-called "cloud" computing.
Oracle also released a new suite of applications for managing accounting, human resources, supplies, sales and marketing.
Oracle says that 70 percent of most companies' IT spending goes toward keeping their systems up and running, limiting what they can invest to improve performance.
Despite the slow economy, Oracle posted a 25 percent surge in software sales in its first fiscal quarter, sharply beating forecasts. (Reporting by Noel Randewich, editing by Leslie Gevirtz editing by Carol Bishopric)