Oracle Shines Brighter Than SAP

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Making the competition more tense, SAP AG (NYSE:SAP) fell short of expectations in the last quarter, upsetting shareholders, while Oracle (NASDAQ:ORCL) appeared to perform a bit better.

SAP had been forecast to earn a group revenue of 5.17 billion euros in the last quarter, but its posted results fell slightly below the prediction with 5.06 billion euros — about $6.8 billion USD — in revenue, which is a 12 percent rise.

Oracle, on the other hand, performed well, with a 17 percent increase in software revenue for the quarter. Being SAP’s biggest competitor and the world’s number-three software maker, Oracle’s strong numbers cast a dark shadow on SAP’s middling success. Further improving Oracle’s position in the competition, the company forecast strong sales for 2013…

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