The Oracle has spoken. And once again, it is good news. Mere months ago, the only voice that could be heard was “the sky is falling.” Now, however, the situation is reversing. The technology sector as a whole is wondering why everyone is talking about a recession. Nobody is talking about a recession in Redwood Shores, California, home of the database mogul, Oracle. Instead, they are developing, planning, and expanding like never before—in the middle of a recession like never before.

2008 was a good year for Oracle. As software sales shot up early in the year, they glanced back at IBM, whose sales they had already eclipsed. By the end of the 2008 calendar year, Oracle had posted a 29% growth, and profits to the tune of 5 and a half billion.

But that was only the prelude to their success story. Early in 2009, As congress bantered around big numbers to save big business, Oracle was bantering around big numbers to buy big business. They picked Sun Microsystems, and after a few high-level talks, Sun Microsystems became part of Oracle on April 20. Nobody makes mammoth acquisitions during a recession. But Oracle just did.

As Oracle closed the books on the third quarter of their fiscal year (February 28), they posted a modest profit—over 4%. Catz, president of Oracle claimed, “We are running our business at record operating margins.” And nobody doubted him.

Still, Oracle shows no sign of slowing. Since 1999, Oracle has gobbled up 54 companies in its acquisition-centered growth strategy. At more than five acquisitions a year, Oracle has proven that it has a big appetite. Who is next? With a war chest of around 12 billion, and a steadily climbing growth rate, they are proving that the recession has nothing on the technology sector.

Tags: Oracle |

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