Oracle announced last week that it is in the Leader’s Quadrant of Gartner’s 2011 report, “Magic Quadrant for Corporate Performance Management Suites.”

As a Leader, Oracle excels in the CPM suite market – delivering breadth and depth of suite functionality, supporting a wide CPM strategy with enterprise-wide implementations. Leaders communicate a successful business proposition and are able to deliver successfully around the world.

“We believe that our placement in the Leaders Quadrant is testament to our depth of functionality, a wide-reaching partner network, strong customer base and integrated platform,” said Hari Sankar, vice president of Product Management, Oracle.

Oracle’s Hyperion performance management applications cover planning, budgeting and forecasting, strategy management, financial close and reporting, and profitability management. By combining applications Oracle’s EPM system strengthens strategic, financial, and operational management processes.

Sankar added. “Oracle is committed to delivering a market-leading and comprehensive solution for managing enterprise performance that is continually evolving to meet the expanding needs of global organisations.” Another success for Oracle.