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Financial News Details

Oracle Reports Q2 GAAP EPS of 15 Cents, Non-GAAP EPS of 19 Cents;

December 15, 2005

GAAP Applications New License Revenues were up 42% in North America and 24% World-Wide

REDWOOD SHORES, Calif.,  December 15, 2005 01:10 PM

News Facts

Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2006 Q2 GAAP revenues of $3.3 billion, up 19% compared with the same quarter last year, while total non-GAAP revenues increased 23% to $3.4 billion for the quarter. GAAP earnings per share were $0.15, down 2% from Q2 last year, while non-GAAP earnings per share were $0.19, up 16%. Quarterly GAAP net income was $798 million, down 2%, while non-GAAP net income was $972 million, up 16% compared with the same quarter last year. This included a year-over-year, negative currency impact of 3%.

Second quarter GAAP total software revenues were up 18% to $2.6 billion, while non-GAAP total software revenues were up 22% to $2.7 billion, compared to the same quarter last year. Quarterly GAAP database and middleware new license revenues were up 5% to $785 million, while GAAP applications new license revenues were up 24% to $266 million. GAAP services revenues were up 26% to $675 million.

"In spite of currency moving during the quarter nearly 5% in the wrong direction, we reported revenues of $3.4 billion and earnings per share of 19 cents," said Oracle President and CFO, Safra Catz. "Our subscription base is now over 300,000 contracts with a total annual value of $7.3 billion."

"The most difficult place to beat SAP is in their home country of Germany," said Oracle President, Charles Phillips. "Oracle winning the applications business at SAP's retail systems development partner, German retailer Karstadt, is dramatic proof that our vertical industry strategy is working in the industries that we've targeted."

"Since our acquisition, customers running PeopleSoft products have registered substantially improved satisfaction levels," said Oracle CEO, Larry Ellison. "As a result those customers are now renewing their support contracts at a higher rate than when PeopleSoft was a stand-alone company. Nobody predicted that. They're happy, we're happy."

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 previously announced proposed acquisition of 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 December 15, 2005. Oracle undertakes no duty to update any statement in light of new information or future events.

Note: Detailed financials are available at: www.oracle.com/investor.

Contact Info

Bob Wynne
Oracle Corporate Communications
+1.650.506.5834
bob.wynne@oracle.com

Catherine Evans
Oracle Investor Relations
+1.650.506.4073
catherine.evans@oracle.com

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