Monday, December 19, 2011

The Oracle years: Charles Phillips’ mistress in the industry

Today, Oracle is one of the largest enterprise software companies in the industry. Much of this milestone was made possible by Charles Phillips, whose mistress had been the company itself for seven years. During his tenure, the company grew by leaps and bounds, eventually challenging the then-sole industry leader SAP for a share of the markets.

From Charles Phillips

Before Charles Phillips, Oracle had been growing steadily but slowly for eight years. The less-than-stellar acquisitions it did make were relatively minor ones, consisting of small-name companies. This all changed when Phillips was named president of the company by CEO Larry Ellison. The company shifted gears for a more aggressive attitude toward acquisitions, beginning with the purchase of PeopleSoft in 2005 for $10.3 billion.

From Charles Phillips

In the seven years that Oracle had been Charles Phillips’ mistress, it had made great strides in terms of growth. The company’s revenues grew up to 300%; profits from sales reached $26.8 billion in 2010. The foundations laid by Phillips in Oracle led to the company’s acquisition of Sun Microsystems, by far the pinnacle of its growth in the industry, shortly after he had left.

From Charles Phillips

Currently, Phillips is the CEO of Infor, where he is joined by three other former Oracle executives. He plans to continue his legacy at his new company and aims to make it join Oracle and SAP at the top of the industry.

More information on Charles Phillips and his old mistress Oracle is available on his Facebook page.

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