The CFO vs current economic climate
Pieter Bensch, VP and managing director of Oracle South Africa, says that customers are turning over each cent, looking for more value under the current challenging economic climate – whilst approval authority at the company has moved from the chief information officer (CIO) to chief financial officer (CFO) for small and medium projects.
In December, Oracle Corporation, a provider of business hardware and software systems, announced fiscal 2012 Q2 total revenue of $8.8 billion. Its operating income stood at $3.9 billion, with an operating margin of 45%.
“Customers are conscious of every cent being spent and are looking for more value. They expect technologies to provide better performance, reliability, security, and flexibility whilst looking to lower the cost and complexity of IT implementation and management.
“The approval authority has moved from the CIO to CFO for small and medium projects, making it a necessity, now more than ever, to meet business needs and solve business challenges – delivering greater productivity, agility and better business intelligence,” Bensch told BusinessTech.
The SA lead said that Oracle’s progress in cloud adoption, and the increasing role of engineered systems, would drive growth in the sector in the near-to-mid-term – while Oracle would focus on cloud and engineered systems during this period.
“Oracle’s strategy is to offer a broad portfolio of software and hardware products and services to enable public, private and hybrid clouds – enabling customers to choose the right approach for them,” Bensch said.
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