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Oracle eyes growing Indian retail sector for its solutions

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Oracle eyes India`s growing retail sector for its solutions

Feb 20: Enterprise software company Oracle on Tuesday said it is targeting the expanding retail sector in the country.

“Keeping the developing retail in India in view the company is in talks with all the big players in the sector in India,” Oracle Senior Vice President Mark Gibbs said here.

“The expanding retail sector in India is very important for us. We are targeting it as an industry. We are comfortable about the retail sector in the country. We have all the expertise and technology.”

“Financial and communications sectors are also booming in India. We have almost all the players in the sector as our customers,” he said while launching new versions of its five major product lines to address customer needs.

“We are releasing five significantly enhanced product families. We are giving our customers the choice as to when they upgrade without having to re-license their applications,” Gibbs said.

Oracle has released 39 new products under its five product lines — Oracle e-business suite, Siebel CRM 8, PeopleSoft Enterprise, JD Eswards World and JD Edwards Enterpriseone — which provide next-generation, role-based analytics, comprehensive application management, integration, search and master data management, he said.

The company recorded year-on-year growth of 53 per cent in new licence revenues for Asia pacific region in its second quarter ended November, 2006.

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