Oracle Takes More Potshots At IBM
Oracle (NASDAQ:ORCL) has indulged in its favorite past time of pointing out rival International Business Machine’s (NYSE:IBM) flaws on Thursday, publishing a press release in the wake of IBM’s earnings report announcing that Oracle’s software business has pushed past IBM’s to become the second biggest in the world.
IBM’s poor software performance in the quarter mean it now operates the third-largest software business, according to Oracle. For the company’s last four quarters, Oracle has posted a software revenue of $27.8 billion, while IBM has posted a software revenue of $25.7 billion over its last four quarters. ”We will continue to develop innovative software products and related cloud services in pursuit of becoming number one,” said Oracle President and Chief Financial Officer Safra Catz in the release.
Oracle has gotten in trouble for being aggressive with IBM in the past. The National Advertising Division has chastised Oracle for its misleading anti-IBM ads on multiple occasions, and back in August the group asked the Federal Trade Commission to get involved after the NAD received its fourth set of complaints from IBM about Oracle’s ads. The organization said at the time, “The advertising in question features the same stark, overbroad IBM-versus-Oracle comparison that NAD recommended against in the three previous cases.”