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SAP’s (SAP) Big Quarter: Good News For Oracle (ORCL)?

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By Douglas A. McIntyre Published
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SAP’s (SAP) revenue and earnings were both up more  than expected. Revenue hit 2.42 billion euros, a 10% increase and net income rose 8% to 449 million euros.

Software sales in Asia rose 24%, the strongest showing for any region.

SAP’s shares were up 5% in Europe trading.

The results raise the question of whether SAP is taking business from its largest competitor Oracle (ORCL) or whether IT spending is actually moving up fairly sharply.

SAP’s management wants the market to believe that its is gaining market share: "The second quarter was an excellent quarter for SAP with double digit growth in all regions, and we continued to gain share against core enterprise application vendors," said Henning Kagermann, CEO of SAP AG. But, the posturing between the two companies has been going on for some time.

Based on recent data on server and enterprise PC sales, it would not be surprising to see a rebound in IT spending. In which case, things should be going well for Oracle.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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