Despite challenging budget constraints, particularly in the public sector, the survey found that more than 18 percent of respondents reported an increase in their Oracle budgets in 2011, a growth of more than 11 percent from last year. Of those who had greater budgets, the majority saw a rise of up to 25 percent.

Nonetheless, most of the respondents (around 60 percent) continued to report static budgets, while the remaining 20 percent either had a reduction, or to a lesser extent, cancellation, in Oracle budget.

"[Despite the economic outlook,] given the similarity of results from 2009 and 2010 and looking at the growth of increased budgets, this is again a strong statement of the business value that organisations believe they obtain from their Oracle investment," the report stated.

Meanwhile, the survey revealed a more positive attitude to to Software-as-a-Service (SaaS) technologies.

Fewer respondents (17.4 percent) said that they don't believe SaaS will help their business (down from 25.9 percent last year) and that they are happy without it (51 percent down from 55.6 percent).