Oracle has set a new world record for the number of transactions per minute, according to a statement from the company. 

Oracle Database achieved a record 4,092,799 transactions per minute (type C) with a price-performance ratio of $2.93 transactions per minute.

The results were achieved using Oracle Database 10g Release 2 on an HP Integrity Superdome server running HP-UX 11i v3 and HP StorageWorks Arrays. 

"With this result, Oracle showcases its superior transaction processing power, setting a new industry record that surpasses the best TPC-C performance results on any database including IBM DB2 and becoming the overall performance leader in both TPC-C clustered and non-clustered categories," said a statement by Oracle.

Juan Loaiza, senior vice president of systems technology at Oracle, added: " As business demand for increased transaction throughput continues to grow, customers rely on Oracle Database 10g to seamlessly scale their systems accordingly."

Oracle Database 10g provides a single database engine for online transaction processing (OLTP) and data warehousing.

TPC-C is an OLTP benchmark developed by the Transaction Processing Performance Council.

The TPC-C benchmark defines the standard for calculating performance and price/performance, measured by transactions per minute (tpmC) and $/tpmC, respectively.