Oracle will base its business on vertical markets when it reorganises in June, its chief financial officer revealed this week, in a bid to continue its growth in its financial 1998.
Addressing delegates at the Hambrecht & Quist Technology Conference in San Francisco, Oracle executive vice president and CFO Jeff Henley unveiled Oracle?s plans for its financial 1998, which begins in June. Although he only offered vague clues about the company?s plans, he said Oracle?s growth strategy is based on the network computer architecture (NCA), June?s Oracle8 release, the imminent launch of Datamart Suite for Windows NT, Web Applications products and its vertical market refocus.
"We will reorganise the company around global vertical markets in June, with heads for each sector," he said. "The vertical markets are oil and gas, consumer products, financial, telecommunications, government, industrial sector and health." Henley did not reveal any more details about the reorganisation or its effect on Oracle territories, customers and partners but said the company's country offices will tailor its software for local customers.
He told technology stock watchers that Oracle will grow in fiscal year 1998 whether the NC takes off or not. "The success of thin clients does not depend on the success of the NC - they can work in parallel with PCs." But Henley also admitted: "The NC paradigm is the key driver of Oracle?s overall strategy."
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