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Oracle Reports Q1 GAAP EPS Up 20% To 27 Cents; Non-GAAP EPS Up 38% To 42 Cents

September 16, 2010

Software New License Sales Up 25%, Total GAAP Revenue Up 48%

REDWOOD SHORES, Calif., September 16, 2010

Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2011 Q1 GAAP total revenues were up 48% to $7.5 billion, while non-GAAP total revenues were up 50% to $7.6 billion. GAAP new software license revenues were up 25% to $1.3 billion. Both the GAAP and non-GAAP software license updates and product support revenues were up 11% to $3.5 billion. GAAP operating income was up 10% to $1.9 billion, and GAAP operating margin was 26%. Non-GAAP operating income was up 27% to $2.9 billion, and non-GAAP operating margin was 39%. GAAP net income was up 20% to $1.4 billion, while non-GAAP net income was up 38% to $2.1 billion. GAAP earnings per share were $0.27, up 20% compared to last year while non-GAAP earnings per share were up 38% to $0.42. GAAP operating cash flow on a trailing twelve-month basis was $8.8 billion.

"We executed better than expected on both the top and bottom line for the quarter,” said Oracle CFO, Jeff Epstein. “Strong revenue performance plus disciplined business management enabled a 38% increase in non-GAAP earnings per share to $0.42.”

“Our software business grew strongly in all regions with new license sales up 25%,” said Oracle President, Safra Catz. “Our hardware business also grew faster than we expected with Sun Solaris servers and Exadata leading the way.”

“Next week at Oracle OpenWorld we will announce two new high-end systems that combine Sun hardware with Oracle software,” said Oracle President, Mark Hurd. “We will invest over $4 billion in research and development this year, so our already robust product portfolio is only going to get stronger.”

“Our Exadata database machine continued to win new customers in Q1,” said Oracle CEO, Larry Ellison. “The worldwide Exadata pipeline now exceeds $1.5 billion for the full fiscal year.”

In addition, Oracle’s Board of Directors declared a cash dividend of $0.05 per share of outstanding common stock to be paid to stockholders of record as of the close of business on October 6, 2010, with a payment date of November 3, 2010. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the final determination of Oracle’s Board of Directors.

Q1 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. You may listen to the call by dialing (800) 214-0745 or (913) 643-0950, Passcode: 804992. To access the live webcast of this event, please visit the Oracle Investor Relations website at

About Oracle

Oracle (NASDAQ: ORCL) is the world’s most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit our website at or call Investor Relations at (650) 506-4073.

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"Safe Harbor" Statement: Statements in this press release relating to Oracle's or its Board of Directors’ future plans, expectations, beliefs, intentions 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, including the recent recession and global economic crisis, can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (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) Our entrance into the hardware systems business may not be successful, and we may fail to achieve our financial forecasts with respect to this new business. (4) We have an active acquisition program and our acquisitions, including our acquisition of Sun Microsystems, may not be successful, may involve unanticipated costs or other integration issues or may disrupt our existing operations. (5) Our international sales and operations subject us to additional risks that can adversely affect our operating results, including risks relating to foreign currency gains and losses and risks relating to compliance with international and U.S. laws that apply to our international operations. (6) Intense competitive forces demand rapid technological advances and frequent new product introductions and could require us to reduce prices or cause us to lose customers. (7) If we are unable to develop new or sufficiently differentiated products and services, or to enhance and improve our products and support services in a timely manner or to position and/or price our products and services to meet market demand, customers may not buy new software licenses or hardware systems products or purchase or renew support contracts. 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 All information set forth in this press release is current as of September 16, 2010. Oracle undertakes no duty to update any statement in light of new information or future events.

Contact Info

Ken Bond
Oracle Investor Relations

Karen Tillman
Oracle Corporate Communications

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