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Financial News Details

Oracle Reports EPS Up 35% to 16 Cents, Net Income Up 32%; Applications New Software License Sales Up 57%

December 13, 2004

Applications New Software License Sales Up 57 Percent

REDWOOD SHORES, Calif.,   December 13, 2004 10:35 AM

News Facts

Oracle Corporation today announced that second quarter earnings per share increased 35 percent to $0.16, compared to $0.12 last year. Net income grew 32 percent to $815 million in the quarter while total revenues were up 10 percent to $2.76 billion.

Second quarter software revenues were up 13 percent to $2.22 billion while services revenues grew 1 percent to $533 million. New software license sales were up 14 percent to $971 million lead by a 57 percent increase in new applications sales. Software license updates and product support increased 12 percent to $1.25 billion. Second quarter operating margin rose to 41 percent versus 37 percent last year.

"Oracle is at its highest ever levels of profitability," said Oracle CFO Harry L. You. "For the trailing four quarters operating income reached a record $4.2 billion while cash flow was at $3.4 billion. During that same twelve-month period we met our publicly stated goal of 40 percent operating margins for the very first time."

"Last week, a record 25,000 users and partners attended our Oracle OpenWorld conference," said CEO Larry Ellison. "We used this opportunity to demonstrate advanced versions of our database grid technology, application server middleware, collaboration suite and enterprise application suite. Never in Oracle's history have we had such a broad and competitive set of software products. Based on the reaction from our users, Oracle's future looks even brighter than our past."

Oracle is the world's largest enterprise software company. For more information about Oracle, including supplemental financial information, please call Investor Relations at (650) 506-4073 or visit Oracle on the web at www.oracle.com/investor.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act 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) Economic, political and market conditions could adversely affect purchasing decisions for computer software and services throughout the world. The war on terrorism and the potential for other hostilities in various parts of the world continue to contribute to a climate of economic and political uncertainty that could adversely affect revenues. Delays in closing of transactions, reductions in size of individual transactions without an offsetting increase in volume, unanticipated fluctuations in currency exchange rates, delays in product delivery, or a decline in our renewal rates for software license updates and product support can cause quarterly revenues and income to fall short of anticipated levels. (2) Management's ability to forecast revenues and control expenses, especially on a quarterly basis, continues to be a challenge. An unexpected decline in revenues without a corresponding and timely slowdown in expense growth could have a material adverse effect on results of operations. (3) Oracle continues to introduce new or enhanced versions of its products and services, such as Oracle Database 10g, Oracle Application Server 10g, Oracle E-Business Suite, Oracle Collaboration Suite, Oracle Customer Data Hub and Oracle On Demand. The market acceptance and contribution to Oracle's revenues of these new versions or products and services cannot be assured. (4) Oracle periodically has made changes to its pricing model and sales organization, which could lead to a decline or delay in sales as its sales force and customers adjust to the new pricing policies and organizational changes. Intense competition in the various markets in which Oracle competes may also put pressure on Oracle to reduce prices. (5) The market for Oracle's products is intensely competitive and is characterized by rapid technological advances and frequent new product introductions. 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. (6) We have publicly announced our intention to acquire complementary businesses and technologies. Our inability to integrate any such acquisitions quickly and efficiently with our existing business could have a material adverse effect on our business, results of operations, financial condition or cash flows. All information set forth in this release is current as of December 13, 2004. Oracle undertakes no duty to update any statement in light of new information or future events. 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/investor.

Contact Info

Nancy C. Lee
Investor Relations
+1.650.506.4073
nancy.c.lee@oracle.com

Jim Finn
Corporate Communications
+1.212.508.7760
jim.finn@oracle.com

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