Started by a then-unknown Larry Ellison in 1977, Oracle wasted no time taking its place as one of the largest software companies in the world. By the end of the 1980s, the company was posting annual revenues of USD 584m, with USD 82m profit.
Today, the company serves more than 430,000 customers in 175 countries, offering over 100 cloud services across 42 public cloud regions. These services include database software and technology, cloud-engineered systems, and enterprise software products – such as enterprise resource planning software, human capital management software and customer relationship management software.
To achieve this incredible reach, Oracle has invested over USD 110bn in more than 150 acquisitions, formed relationships with 20,000-plus partners around the world, and employed 20,000 implementation consultants, 48,000 developers and engineers, and 15,000 service specialists speaking 29 languages.
Underpinning this rapid growth is a long-standing commitment to innovation. SAP has invested over USD 64bn in research and development since 2012, operates the world’s first and only autonomous database, has 18,900 registered patents, and boasts a developer community membership of over six million.
Its investments in sustainability and community projects is equally impressive. SAP has donated more than USD 20m to 7,000 non-profits across 62 countries and achieved its target of reducing its emissions by 47% by 2020. At the same time, SAP employees have volunteered over 15,000 hours to various education and development projects around the world.
On the financial front, Oracle posted USD 42bn in revenue in 2022, up by almost 5% from the previous year.