Oracle recently wrapped up its fourth fiscal quarter, which is its busiest period for contract closings. Miro didn't find itself involved in many BI deals in the fourth quarter, according to Colon. "There were a lot of people looking at it but very few people pulled the trigger."
BI software was somewhat unique among tech product categories during the global recession, with sales growth continuing despite economic concerns as companies sought to derive insights and efficiencies from their business data.
But last year, the pace of BI software spending growth slowed to about 7 percent after jumping 17 percent in 2011, according to a report released last month by analyst firm Gartner.
In total, the BI market stood at US$13.1 billion in 2012, Gartner said. SAP led the market with $2.9 billion in revenue, followed by Oracle at roughly $1.9 billion, according to Gartner's survey.
However, Oracle's BI revenue grew by 2 percent in 2012, compared to SAP's 0.6 percent BI growth rate that year, Gartner said.
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com