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Financial News Details

Oracle Reports Q1 GAAP EPS Up 28% To 16 Cents, Non-GAAP EPS Up 27% To 22 Cents

September 20, 2007

Applications New License Revenues Up 65%, Database and Middleware New License Revenues Up 23%

News Facts

Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2008 Q1 GAAP earnings per share were up 28% to $0.16, compared to the same quarter last year. First quarter total GAAP revenues were up 26% to $4.5 billion, while quarterly GAAP net income was up 25% to $840 million. Total GAAP software revenues were up 26% to $3.5 billion with GAAP new software license revenues up 35% to $1.1 billion. Database and middleware new license revenues were up 23% and applications new license revenues were up 65%. Services revenues were up 25% to $1.1 billion, compared to the same quarter last year.

First quarter non-GAAP earnings per share were up 27% to $0.22, and non-GAAP net income was up 25% to $1.2 billion, compared to the same quarter last year.

"We reported new software license revenues up 35%, the strongest growth of any quarter in ten years," said Oracle President and CFO, Safra Catz, "and that software sales growth is translating nicely into EPS growth. We've now completed thirteen quarters of our five year EPS growth plan of 20% per year, and we are delivering earnings growth well ahead of that target."

"We continue to take applications market share from SAP," said Oracle President, Charles Phillips. "In Q1 Oracle's applications new license sales grew 65% compared to SAP's new license sales growth rate of 18% in their most recently completed quarter. We like our growth strategy of expanding into high-end industry specific vertical software as opposed to SAP's growth strategy of moving down market to sell software to small companies."

"Our Q1 database and middleware new license sales growth rate of 23% was the highest in seven years," said CEO, Larry Ellison. "Oracle passed IBM to become the number one database company a long time ago. If we continue to grow our middleware software business at the same rate we grew it this quarter, Oracle will challenge IBM for the number one position in middleware by the end of this year."

Q1 Earnings Announcement

Oracle will hold a conference call and web broadcast today to discuss these results at 2:00 p.m. (PDT) / 5:00 p.m. (EDT). To access the live web broadcast of this event, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. Please hold down your control key while pressing refresh to ensure that the weblink is visible.

About Oracle

Oracle (NASDAQ GS: ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com

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For full financial tables visit:  http://www.oracle.com/investor

Contact Info

Krista Bessinger
Oracle
+1.650.506.4073
investor_us@oracle.com

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

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