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Financial News Details

Oracle Reports Q3 GAAP EPS Up 30% To 26 Cents, Non-GAAP EPS Up 23% To 30 Cents

March 26, 2008

Database and Middleware New License Revenues Up 20%, Total GAAP Revenues Up 21%

REDWOOD SHORES, Calif.,  March 26, 2008 01:14 PM

News Facts

Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2008 Q3 GAAP earnings per share were up 30% to $0.26, compared to the same quarter last year. Third quarter total GAAP revenues were up 21% to $5.3 billion, while quarterly GAAP operating income was up 35% to $1.9 billion and GAAP net income was up 30% to $1.3 billion. Total GAAP software revenues were up 21% to $4.2 billion with GAAP new software license revenues up 16% to $1.6 billion. Database and middleware new license revenues were up 20% and applications new license revenues were up 7%. GAAP software license updates and product support revenues were up 25% to $2.6 billion. Service revenues were up 21% to $1.1 billion, compared to the same quarter last year.

Third quarter non-GAAP earnings per share were up 23% to $0.30, and non-GAAP net income was up 22% to $1.6 billion, compared to the same quarter last year.

"Oracle delivered another quarter of strong financial results and earnings growth. In Q3, we once again exceeded our non-GAAP EPS growth target of 20%," said Oracle President and CFO, Safra Catz. "For the first three quarters of this year we have grown our operating cash flow 55%, 3 times faster than at this point in the past five years."

"Database and middleware new software license revenues growth accelerated to 20% in the third quarter," said Oracle President, Charles Phillips. "We continue to grow faster and take market share from IBM."

"Software license updates and product support revenues were up 23% on a non-GAAP basis to $2.6 billion. By next quarter we expect to pass $10 billion for the year," said Oracle CEO, Larry Ellison. "Our non-GAAP operating income grew to $2.2 billion with our margins increasing nearly 200 basis points to 41% up from 39% in Q3 of last year. Our operating margins are now substantially higher than our competitors, including Microsoft, reflecting the unique leverage in our business."

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.

About Oracle

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

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 (including our recently announced proposed acquisition of BEA 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 "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 March 26, 2008. Oracle undertakes no duty to update any statement in light of new information or future events. http://www.oracle.com/investor

Contact Info

Roy Lobo
Oracle Investor Relations
+1.650.506.4073
investor_us@oracle.com

Deborah Hellinger
Oracle Corporate Communications
+1.650.506.5158
deborah.hellinger@oracle.com

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