Safra Catz, Oracles president, explained that both companies product development and sales teams are now fully integrated. The exec added that Oracle has also managed to keep hold of most of PeopleSofts customers. The PeopleSoft customer retention rate remains in the 90th percentile, she said.
At the time of the PeopleSoft deal, there was a degree of unease amongst a number of PeopleSoft users, particularly with regard to the issue of long-term support (see Uneasy Days for PeopleSoft Users and PeopleSoft Posse Still Peeved).
In the aftermath of the acquisition, there has also been plenty of speculation about who's next on Ellisons shopping list (see What's Next on Oracle's Hit List?).
But on the subject of M&A this morning the CEO was cryptic. We have no plans to buy anything that doesnt contribute to our long-term strategy of profit growth of 20 percent a year over the next five years, he said.
In early trading this morning, Oracle shares rose 47 cents (3.66 percent) to $13.30.
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