Between fiscal year 2008 and 2024, Oracle’s total employee number had grown substantially, increasing from around 84,000 to 159,000. Oracle's annual revenues, on the other hand, has reached a record high in FY2023. Oracle Corporation Founded in 1977 by Larry Ellison, the small database start-up has grown into one of the biggest names in the database market around the world. For years, the company’s database products have been some of the most successful and widely used platforms in the industry. Massive growth in the tech industry and increased need for big data storage and analysis tools have transformed the small California start-up into one of the largest companies in the world in terms of market value. Oracle has shown great ability to adapt to the changing tech environment, quickly establishing itself in the cloud services business and constantly improving its database products. Despite the growing presence of free, open-source database software, Oracle’s quality and reputation within the industry has ensured that it remains one of the most popular platforms in the market. The fiscal year end of the company is May, 31st.

Oracle’s cloud services and license support division is the company’s most profitable business segment, bringing in over 39 billion U.S. dollars in its 2024 fiscal year. In that year, Oracle brought in annual revenue of close to 52 billion U.S. dollars, its highest revenue figure to date. Oracle Corporation Oracle was founded by Larry Ellison in 1977 as a tech company primarily focused on relational databases. Today, Oracle ranks among the largest companies in the world in terms of market value and serves as the world’s most popular database management system provider. Oracle’s success is not only reflected in its booming sales figures, but also in its growing number of employees: between fiscal year 2008 and 2021, Oracle’s total employee number has grown substantially, increasing from around 84,000 to 132,000. Database market The global database market reached a size of 65 billion U.S. dollars in 2020. Database Management Systems (DBMSs) provide a platform through which developers can organize, update, and control large databases, with products like Oracle, MySQL, and Microsoft SQL Server being the most widely used in the market.

The 2024 fiscal year marked a slight increase in Oracle Corporation’s research and development spending, the yearly total climbing to 8.9 billion U.S. dollars from the 6.5 figure recorded in 2021. Following years of dramatically expanding R&D budgets, the company seems to have slowed R&D budget expansion and stabilized the figure at around seven to eight billion. Oracle Founded in 1977, Oracle is a tech company primarily focused on relational database technology. Today, Oracle ranks among the largest companies in the world in terms of market value and serves as the world’s most popular database management system provider. In addition to its investment into R&D, the company is also known for its use of acquisitions to promote growth, with high profile purchases including Sun Microsystems, PeopleSoft, and NetSuite. Research and Development spending As one of the largest software and computer services companies, Oracle is also among the biggest R&D spenders. However, many of the company’s peers tend to spend far more on R&D, with Alphabet, Microsoft, and Facebook all spending well over ten billion euros in 2019/20.

Between 2009 and 2024, SAP more than doubled its number of employees, increasing total employment from around 52,000 to around 109,973 in a little over 15 years. The company’s range of successful business software products, database management programs, and analytics tools has helped it to achieve years of consistent revenue growth. SAP SE SAP is a German tech company that focuses on enterprise business software. First making a name for itself in the 1970s with its real-time payroll and accounting software, the company has since grown into one of the most valuable technology brands in the world. One of the company’s main products is its SAP HANA software suite, which is a relational database management system with thousands of subscribers around the world SAP markets its software to companies of all sizes, providing a large range of analytics and data processing software in addition to its cloud and non-cloud database products. Enterprise Resource Planning software Enterprise resource planning (ERP) refers to the business process management software that allows businesses to integrate different aspects of business operations in one database, application and user interface. SAP, Oracle, and Microsoft are some of the biggest names in the market, each accounting for a significant portion of the total market, which brings in tens of billions of dollars in revenue each year.