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Oracle said on Thursday it had seen a rebound in a key measure of new software licence sales, reinforcing Wall Street’s hopes that a broader rebound in the technology sector had picked up steam in the early months of this year.
At the same time, Larry Ellison, chief executive of the US software company, stepped up his war of words with German rival SAP, which recently replaced its own CEO. “We think SAP is vulnerable,” Mr Ellison said, adding that he believed Oracle now had a chance to overtake SAP in business applications software.
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