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Financial News Details

Oracle Reports Q3 GAAP EPS Up 36% To 20 Cents, Non-GAAP EPS Up 31% To 25 Cents

March 20, 2007

Applications New License Revenues Up 57%, Database and Middleware New License Revenues Up 17%

News Facts

Oracle Corporation (NASDAQ-GS: ORCL) today announced that fiscal 2007 Q3 GAAP earnings per share were up 36% to $0.20, compared with the same quarter last year. Third quarter GAAP revenues were up 27% to $4.4 billion, while quarterly GAAP net income was up 35% to $1.03 billion. Total GAAP software revenues were up 25% to $3.5 billion with GAAP database and middleware new license revenues up 17% and GAAP applications new license revenues up 57%. GAAP services revenues were $916 million, up 36% compared to the same quarter last year.

Third quarter non-GAAP earnings per share were up 31% to $0.25, and non-GAAP net income was up 30% to $1.3 billion compared to Q3 last year. "Both revenue and earnings growth accelerated sharply in the third quarter," said Oracle President and CFO, Safra Catz. "We exceeded guidance on every metric with strong revenue growth across all product lines and in all geographies. We've now completed eleven quarters of our five year EPS growth plan of 20% per year, and we are delivering earnings growth comfortably ahead of that target."

"Our middleware new license sales grew 82% in the third quarter and 62% over the last twelve months," said CEO, Larry Ellison. "This compares to BEA's growth rate of 8% in their most recently reported quarter and 12% over their last year. Not only are we growing faster than BEA, we're now larger than they are in the middleware business."

"Our applications new license sales grew 57% in the third quarter and 61% over the last twelve months," said President, Charles Phillips. "This compares to SAP's growth rate of 7% in their most recently reported quarter and 10% over their last year. Although SAP is still larger than Oracle in the applications business, we are closing the gap consistently and rapidly."

Q3 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.

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

Contact Info

Krista Bessinger
Oracle Investor Relations
+1.650.406.4073
investor_us@oracle.com

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

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