It continued a long string of quarters with more than 20-percent growth. The company did not state the percent of increase for fiscal 2023, which start with a 27-percent year-over-year rise for the first quarter. Revenue for Fusion ERP also kept up its growth with a 26-percent jump—28 percent in constant currency--over last year’s corresponding period. In a recent earnings webcast, CEO Safra Catz said the back-office SAAS applications, including Fusion and NetSuite, has reached annualized sales of $6.6 billion In the last two quarters, Oracle has abandoned its prior practice of reporting number of users for the two ERP products in the last two quarters.
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NETSUITE REVS RISE 22 PERCENT Featured
Oracle NetSuite’s operations continued on their double-digit growth pace for the fourth quarter ended May 31. Revenue for the most recently ended quarter rose 22 percent from a year earlier, 24 percent in constant currency.
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