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Financial News Details

Oracle Reports Q1 GAAP EPS of 10 Cents, Non-GAAP EPS of 14 Cents, up 38%, Applications New License Revenue up 84%; Middleware New License Revenue up 33%

September 22, 2005

Applications New License Revenue up 84 Percent; Middleware New License Revenue up 33 Percent

REDWOOD SHORES, Calif.,   September 22, 2005 01:50 PM

News Facts

Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2006 Q1 GAAP earnings per share of $0.10. Non-GAAP earnings per share were $0.14, up 38 percent over the prior year. Quarterly GAAP net income was $519 million while non-GAAP net income was $738 million, up 38 percent compared with the same quarter last year. GAAP operating income for the quarter was $712 million, while non-GAAP operating income was up 36 percent to $1.02 billion. Total GAAP revenues increased 25 percent to $2.77 billion while total non-GAAP revenues increased 31 percent to $2.91 billion for the quarter.

First quarter GAAP total software revenues were up 23 percent to $2.13 billion while non-GAAP total software revenues were up 31 percent to $2.27 billion. Quarterly GAAP database and middleware new license revenues were up 1 percent to $492 million, while GAAP applications new license revenues were up 84 percent to $127 million. GAAP services revenues were up 34 percent to $637 million.

"Our standards based Fusion Middleware new license sales grew 33 percent in the quarter and 26 percent over the last year while BEA's middleware license sales declined over the last year," said Oracle CEO, Larry Ellison. "We are optimistic about becoming number one in the middleware business."

"This week at Oracle OpenWorld, 35,000 customers and partners embraced our innovative next-generation Fusion Middleware with hot-pluggable components," said Oracle President, Charles Phillips. "Hot-pluggable interoperability with IBM middleware puts us in a strong and unique position in the middleware business."

"This quarter delivered exceptionally strong applications performance driven by the successful integration of PeopleSoft," said Oracle President and CFO, Greg Maffei. "Cash flow and margins also reached record levels."

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

"Safe Harbor" Statement: Statements in this press release relating to Oracle's future plans and prospects are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Economic, political and market conditions could adversely affect our revenue growth and profitability through reductions in IT budgets and expenditures. (2) We may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, unanticipated fluctuations in currency exchange rates, delays in delivery of new products or releases, or a decline in our renewal rates for software license updates and product support. . (3) We cannot assure market acceptance of new products or new versions of existing products. (4) We have an active acquisition program (including our recently announced proposed acquisitions of i-flex Solutions Limited and Siebel Systems, Inc.), and our acquisitions may not be successful, may involve unanticipated costs or other integration issues, or may disrupt our existing operations. (5) Periodic changes to our pricing model and sales organization could temporarily disrupt operations and cause a decline or delay in sales. (6) Intense competitive forces demand rapid technological advances and frequent new product introductions, and could require us to reduce prices. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Factors That May Affect Our Future Results or the Market Price of Our Stock." Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle's Investor Relations website at http://www.oracle.com/investor. All information set forth in this release is current as of September 22, 2005. Oracle undertakes no duty to update any statement in light of new information or future events.

Contact Info

Bob Wynne
Oracle Corporate Communcations
1.650.506.5834
bob.wynne@oracle.com

Jenny Gelhausen
Oracle Investor Relations
1.650.506.4073
jenny.gelhausen@oracle.com

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