Retail News Update

Enterprise software company Oracle  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.

When asked if it was looking to tie-up with Wal-Mart in India, Oracle which has Vodafone and Bharti as its customers, said: “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 in all 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.

Oracle will also launch ERP Software ‘accelerator’ for the SMB sector on March 20, he said.