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Human Capital Management (HCM) to Drive Growth in APAC, Says Oracle

Oracle APAC has announced that companies across Asia Pacific will increasingly adopt Oracle's Human Capital Management (HCM) solutions for driving workforce excellence and expanding people management capabilities for staying competitive in the global economy.

The company said adoption of Oracle Human Capital Management solutions has continued to accelerate across Asia Pacific, delivering year-on-year growth of 71% across Oracle's fiscal year 06 (ended 31 May 2006, excluding Japan). HCM was a key contributor to Oracle Asia Pacific's overall applications business, which saw new license revenue grow by a record 80%.

This strong growth has been boosted by increasing market recognition of Oracle's leadership in helping Human Resource (HR) organisations to transition from being primarily focused on administration to becoming more strategically focused on achieving workforce excellence and overall competitiveness. Continuing uptake of PeopleSoft Enterprise Human Capital Management applications have also boosted Oracle's overall HCM momentum.

"In the current strong economic expansion, companies are not only experiencing the fierce competition for top talent that we typically see in these periods, but they are also facing a need for more sophisticated workforce planning," said Sean Loiselle, Oracle Asia Pacific's senior director of Oracle's Human Capital Management business. "Progressive enterprises recognise the strategic value of human capital and are leveraging technology to give them a competitive edge in driving workforce performance."

Independent industry analysts acknowledged Oracle's solution and market leadership in HCM. Analyst firm AMR Research claimed that Oracle would be the global leader in the HCM market by revenue, with a 26% share worldwide.


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