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Financial News Details

Q4 Earnings per Share $0.15, Operating Margin 40%, FY2001 Revenue $11 Billion, Income up 25%, Operating Margin 35%

June 18, 2001

400 Customers live on the E-Business Suite Including Alcoa, BellSouth, Boeing, Cathay Pacific, Ford, GE, H-P, Sony

Redwood Shores, CA 18-JUN-2001 Today, Oracle Corporation announced that fourth quarter income was $855 million, or $0.15 per share, on revenue of $3.3 billion. For the full fiscal year, net income increased 25% to $2.6 billion, or $0.44 per share, while revenue increased 7% to $11 billion.

"While the economy slowed our sales growth, we still managed to increase profits and improve margins to record levels this past year," said Oracle CFO, Jeff Henley. "That's a pretty good financial result in this difficult economic climate."

"Our technical accomplishments this year position us for accelerating sales next year," said Oracle CEO, Larry Ellison. "We introduced Applications Release 11i -- the E-Business Suite -- just 12 months ago. In those 12 months more than 400 companies have gone live and are running their businesses using the E-Business Suite. In one short year the E-Business Suite has completed the transition from untested idea to proven technology. Our references are a who's-who of global business."

"Several General Electric divisions use the E-Business Suite for Internet procurement, supply chain automation, manufacturing, accounting, and customer relationship management. One major GE implementation took less than 6 months and required not a single modification to Oracle software. Hewlett-Packard implemented sales force automation for more than 2,000 sales reps in 30 countries. Alcoa, Boeing and Ford went live with no software modifications. BellSouth automated 10,000 call center agents. Cap Gemini and Westpac and Cathay Pacific went live globally. And Sony Electronics took just 45 days to implement supply chain automation. Well, that's 10 of the more than 400 customers running their businesses on the E-Business Suite. Not bad after just one year in the market."

"Just as the year ended we introduced new versions of our application server and database server -- Oracle9iAS and Oracle9iDB," Ellison continued. "We have published several benchmarks showing that Oracle9iAS runs Java much faster than either the BEA or IBM application servers. And, the Oracle database continues to be by far the fastest technology on the market. How fast? Well, when IBM wanted to demonstrate the speed of their fastest new computer, IBM chose Oracle, not DB2. The Oracle9i database, with 'Real Application Clusters', extends our performance lead while making all Oracle applications fault tolerant. These performance and reliability advantages over IBM and Microsoft in database, and IBM and BEA in applications servers, place us in a strong competitive position at the beginning of the new fiscal year."

Oracle Corporation is the world's second largest software company. With annual sales of $11 billion, Oracle provides the software that powers the Internet. For more information about Oracle, please call Investor Relations at (650) 506-4073 or visit Oracle on the web at http://www.oracle.com.

"Safe Harbor" Statement Under the Private Securities Litigation ReformAct of 1995: Information in this release relating to Oracle's future prospects which are "forward-looking statements" are subject to certain risks and uncertainties that could cause actual results to differ materially, including, but not necessarily limited to, the following: (1) A weakening of economic indicators may affect the overall demand for computer software and services which could result in decreased revenues or lower revenue growth rates. (2) Management's ability to manage growth, continuously hire and retain significant numbers of qualified employees, forecast revenues and control expenses, especially on a quarterly basis, continues to be a challenge. An unexpected decline in the growth rate of revenues without a corresponding and timely slowdown in expense growth could have a material adverse effect on results of operations. (3) The market for Oracle's products is intensely competitive and is characterized by rapid technological advances and frequent new product introductions, including Oracle 9i, a new version of Oracle's core database product. There can be no assurances that Oracle will continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance. (4) Delays in product delivery or closing of sales can cause quarterly revenues and income to fall significantly short of anticipated levels. (5) Oracle is introducing new products, such as internet procurement and supply chain management software, customer relationship management applications and application hosting services, as well as assisting its customers in forming exchanges for a number of business procurement needs; the market acceptance and contribution to Oracle's revenues of these products cannot be assured. (6) Oracle has recently changed its pricing model and is contemplating further changes which could lead to a decline or delay in sales as its sales force and customers adjust to the new pricing policies. Intense competition in the various markets in which Oracle competes may also put pressure on Oracle to reduce prices on certain products. Oracle undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Oracle's business, please refer to the "Risk Factors" section of Oracle Corporation's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or Oracle's Investor Relations website at http://www.oracle.com.

                              ORACLE CORPORATION

                    CONSOLIDATED STATEMENTS OF OPERATIONS
                (amounts in thousands, except per share data)



                               Three Months Ended       Twelve Months Ended
                                     May 31,                   May 31,
                                2001         2000         2001         2000
    REVENUES
      Licenses and other    $1,656,238   $1,840,609   $4,706,797   $4,446,795
      Services               1,607,646    1,533,701    6,152,875    5,683,333


        Total revenues       3,263,884    3,374,310   10,859,672   10,130,128

    OPERATING EXPENSES
      Sales and marketing      811,888      852,194    2,691,322    2,616,749
      Cost of services         718,550      725,498    2,796,040    2,942,679
      Research and development 319,829      270,229    1,138,591    1,009,882
      General and
       administrative          118,691      137,878      456,628      480,658


        Total operating
         expenses            1,968,958    1,985,799    7,082,581    7,049,968

    OPERATING INCOME         1,294,926    1,388,511    3,777,091    3,080,160

      Net investment gains
       (losses) related to
       equity securities (A)     3,385    6,521,496      (17,087)   6,936,955
      Other income, net         27,364       48,372      211,226      106,319


    INCOME BEFORE TAXES      1,325,675    7,958,379    3,971,230   10,123,434

      Provision for income
       taxes                   470,781    3,045,972    1,410,134    3,826,631

    NET INCOME                $854,894   $4,912,407   $2,561,096   $6,296,803

    EARNINGS PER SHARE
      Basic                      $0.15        $0.87        $0.46        $1.11
      Diluted                    $0.15        $0.82        $0.44        $1.05


    WEIGHTED SHARES OUTSTANDING
      Basic                  5,602,590    5,637,856    5,596,721    5,678,839
      Diluted                5,800,032    6,009,586    5,864,806    5,995,842


    (A) Net investment gains related to equity securities in the quarter ended
        May 31, 2000 of $6,521,496 relate to the gain on sale of existing
        shares in Oracle Japan in connection with its Secondary Public
        Offering, gains on sales of other marketable securities, and the
        Company's equity share in the results of non-consolidated
        subsidiaries.  Excluding the effect of these transactions, the

        effective income tax rate and provision for income taxes would have
        been 35.6% and $510,984, respectively, and net income and fully
        diluted earnings per share would have been $925,899 and $0.15,
        respectively.

        Net investment gains related to equity securities in the fiscal year
        ended May 31, 2000 of $6,936,955 relate to the gain on sale of
        existing shares in Liberate Technologies and Oracle Japan in
        connection with Secondary Public Offerings, gains on sales of other
        marketable securities, and the Company's equity share in the results
        of non-consolidated subsidiaries.  Excluding the effect of these
        transactions, the effective tax rate and provision for income taxes
        would have been 35.5% and $1,131,199, respectively, and net income and

        fully diluted earnings per share for the fiscal year ended May 31,
        2000 would have been $2,055,280 and $0.34, respectively.


                              ORACLE CORPORATION

                    CONDENSED CONSOLIDATED BALANCE SHEETS
                               ($ in thousands)

                                                       May 31,       May 31,
                                                        2001          2000

    ASSETS


    Current Assets
      Cash and short term investments                $5,887,661    $7,761,998
      Trade receivables, net                          2,432,131     2,533,964
      Prepaid and refundable income taxes               272,742       212,829
      Other current assets                              370,616       374,543

        Total current assets                          8,963,150    10,883,334

    Long-term cash investments                                0       110,000
    Property and equipment, net                         974,751       934,455
    Prepaid taxes                                       376,030       322,379
    Other assets                                        716,229       826,611

    TOTAL ASSETS                                    $11,030,160   $13,076,779



    LIABILITIES AND STOCKHOLDERS' EQUITY

    Current Liabilities
      Notes payable, including current maturities        $2,849        $2,691
      Accounts payable                                  270,112       287,495
      Income taxes                                      767,087     2,821,776
      Customer advances and unearned revenues         1,213,529     1,133,482
      Other current liabilities                       1,663,042     1,616,794

        Total current liabilities                     3,916,619     5,862,238

    Long-term debt                                      300,847       300,770

    Long-term liabilities                               207,135       186,178


    Deferred income taxes                               327,788       266,130

    Stockholders' equity                              6,277,771     6,461,463

    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY      $11,030,160   $13,076,779




                              ORACLE CORPORATION
                            Q4 FISCAL 2000 RESULTS
      SUPPLEMENTAL ANALYSIS OF EFFECT OF SALES OF MARKETABLE SECURITIES
                   ($ in thousands, except per share data)

                                       Three Months Ended May 31, 2000

                                                         Other net

                                             Gain on     investment
                                             sale of       gains
                                            shares in    related to
                                  As          Oracle       equity      As
                               Reported       Japan      securities  Adjusted


    REVENUES
      Licenses and other      $1,840,609           $--        $--  $1,840,609
      Services                 1,533,701            --         --   1,533,701
        Total Revenues         3,374,310            --         --   3,374,310

    OPERATING EXPENSES
      Sales and marketing        852,194            --         --     852,194
      Cost of services           725,498            --         --     725,498
      Research and development   270,229            --         --     270,229
      General and
       administrative            137,878            --         --     137,878

        Total Operating
         Expenses              1,985,799            --         --   1,985,799
    OPERATING INCOME           1,388,511                            1,388,511

      Net investment gains
       related to equity
       securities (A)          6,521,496     6,466,378     55,118          --
      Other income, net           48,372            --         --      48,372
    INCOME BEFORE TAXES        7,958,379     6,466,378     55,118   1,436,883

      Provision for income
       taxes                   3,045,972     2,515,421     19,567     510,984
    NET INCOME                $4,912,407    $3,950,957    $35,551    $925,899

    EARNINGS PER SHARE
      Basic                        $0.87         $0.70      $0.01       $0.16
      Diluted                      $0.82         $0.66      $0.01       $0.15



    (A)  Net investment gains related to equity securities in the quarter
         ended May 31, 2000 of $6,521,496 relate to the gain on sale of
         existing shares in Oracle Japan in connection with its Secondary
         Public Offering, gains on sales of other marketable securities, and
         the Company's equity share in the results of non-consolidated
         subsidiaries.  Excluding the effect of these transactions, the
         effective income tax rate and provision for income taxes would have
         been 35.6% and $510,984, respectively and net income and fully
         diluted earnings per share would have been $925,899 and $0.15,
         respectively.



                              ORACLE CORPORATION
                             FISCAL 2000 RESULTS
      SUPPLEMENTAL ANALYSIS OF EFFECT OF SALES OF MARKETABLE SECURITIES
                   ($ in thousands, except per share data)

                                   Twelve Months Ended May 31, 2000


                                                         Other net
                                   Gain on     Gain on   investment
                                   sale of     sale of     gains
                                  shares in    shares in  related
                         As        Liberate     Oracle   to equity      As
                      Reported   Technologies   Japan    securities  Adjusted

    REVENUES
      Licenses and
       other          $4,446,795        $--         $--       $--  $4,446,795
      Services         5,683,333         --          --        --   5,683,333
        Total
         Revenues     10,130,128         --                        10,130,128

    OPERATING EXPENSES
      Sales and
       marketing       2,616,749         --          --        --   2,616,749
      Cost of
       services        2,942,679         --          --        --   2,942,679
      Research and
       development     1,009,882         --          --        --   1,009,882

      General and
      administrative     480,658         --          --        --     480,658
        Total Operating
         Expenses      7,049,968         --          --        --   7,049,968
    OPERATING INCOME   3,080,160         --          --        --   3,080,160

      Net investment
       gains related
       to equity
       securities (A)  6,936,955    431,846   6,466,378    38,731          --
      Other income,
       net               106,319         --          --        --     106,319
    INCOME BEFORE
     TAXES            10,123,434    431,846   6,466,378    38,731   3,186,479

      Provision for
       income taxes    3,826,631    166,261   2,515,421    13,750   1,131,199
    NET INCOME        $6,296,803   $265,585  $3,950,957   $24,981  $2,055,280

    EARNINGS PER SHARE
      Basic                $1.11      $0.05       $0.70        nm       $0.36
      Diluted              $1.05      $0.04       $0.66        nm       $0.34



    (A)  Net investment gains related to equity securities in the fiscal year
         ended May 31, 2000 of $6,936,955 relate to the gain on sale of
         existing shares in Liberate Technologies and Oracle Japan in
         connection with Secondary Public Offerings, gains on sales of other
         marketable securities, and the Company's equity share in the results
         of non-consolidated subsidiaries.  Excluding the effect of these
         transactions, the effective income tax rate and provision for income
         taxes would have been 35.5% and $1,131,199, respectively, and net
         income and fully diluted earnings per share would have been
         $2,055,280 and $0.34, respectively.

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