One word: libraries. Java has an vast array of excellent libraries for solving most of the common problems one needs to solve when developing enterprise applications. In many cases, there is more than one good choice for addressing a particular need, and oftentimes those libraries are free and open source under a business-friendly license.
Some have argued that there are, in fact, too many choices in the Java ecosystem, and that developing enterprise software in Java requires developers to make a large number of decisions that can have far-reaching impact on the end product for better or worse. This has probably helped propel the popularity of alternatives like .NET, which has a reputation of offering fewer choices, but with the benefits of a more well-integrated application stack and tools set. What direction you choose depends, I guess, on whether you place more value on "freedom of choice" or "freedom from choice".
