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Financial News Details

Oracle Reports Q4 GAAP EPS Up 27% To 31 Cents, Non-GAAP EPS Up 28% To 37 Cents

June 26, 2007

New Software License Revenues Up 17%, Annual Operating Cash Flow Up $1 Billion To $5.5 Billion

News Facts

Oracle Corporation (NASDAQ: ORCL) today announced that fiscal 2007 Q4 GAAP earnings per share were up 27% to $0.31, compared to the same quarter last year. Fourth quarter GAAP revenues were up 20% to $5.8 billion, while quarterly GAAP net income was up 23% to $1.6 billion. Total GAAP software revenues were up 19% to $4.8 billion. GAAP new license revenues were up 17% with GAAP database and middleware new license revenues up 18% and GAAP applications new license revenues up 13%. GAAP services revenues were up 26% to $1.1 billion compared to the same quarter last year.

Fourth quarter non-GAAP earnings per share were up 28% to $0.37, and non-GAAP net income was up 24% to $1.9 billion compared to Q4 last year. For fiscal year 2007, GAAP earnings per share were up 27% to $0.81. Fiscal year 2007 GAAP revenues were up 25% to $18.0 billion, while annual GAAP net income was up 26% to $4.3 billion. Total GAAP software revenues for the year were up 23% to $14.2 billion with GAAP database and middleware new license revenues up 16% and GAAP applications new license revenues up 32%. Annual GAAP services revenues were $3.8 billion, up 33% compared to the year ago period.

Fiscal year 2007 non-GAAP earnings per share were up 25% year over year to $1.01. Annual non-GAAP net income was up 25% to $5.3 billion compared to fiscal year 2006.

"If you have the right strategy and the best technology it will show up in your results," said Oracle President and CFO Safra Catz. "The numbers speak for themselves. Annual revenue increased $3.6 billion to $18 billion, operating income increased $1.2 billion to $6 billion, and cash flow from operations increased $1 billion to $5.5 billion. It was a great year."

"Over the last twelve months Oracle's application new software license revenues grew at a rate of 32% while SAP's growth slowed to 10% in their most recent fiscal year," said Oracle President Charles Phillips. "Our strategy of combining innovation with acquisitions is clearly beating SAP's strategy of trying to build everything themselves using a 1970s-era proprietary programming language."

"Oracle's unique database grid architecture has enabled us to take market share from IBM," said Oracle CEO Larry Ellison. "Gartner's just published database research report confirms that Oracle's database market share has now increased to 47% while IBM's share declined to 21%. IBM has been unable to match the performance and reliability of Oracle database grids."

Q4 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 is the world's largest enterprise software company. For more information about Oracle, including supplemental financial information, please visit http://www.oracle.com/investor or call Investor Relations at (650) 506-4073.

Trademarks

Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

"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 or acquired products. (4) We have an active acquisition program 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 "Risk Factors." 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 June 26, 2007. Oracle undertakes no duty to update any statement in light of new information or future events. For full financial tables visit: http://www.oracle.com/investor

Contact Info

Krista Bessinger
Oracle Investor Relations
+1.650.506.4073
investor_us@oracle.com

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

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