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REDWOOD SHORES, Calif.,
29-JUN-2005 04:05 AM
Oracle Corporation (NASDAQ: ORCL) today announced
that fiscal 2005 Q4 GAAP earnings per share were up 4% to $0.20, and non-GAAP
earnings per share were up 36% to $0.26. GAAP net income for the quarter
was up 3% to $1.02 billion, while non-GAAP net income grew 35% to $1.36
billion. GAAP revenues were up 26% to $3.88 billion while non-GAAP revenues
were up 32% to $4.06 billion for the quarter.
Fourth quarter GAAP total software revenues were
up 24% to $3.12 billion while non-GAAP total software revenues were up
31% to $3.30 billion. GAAP database and middleware new license revenues
were up 16% to $1.26 billion for the quarter, while GAAP applications new
license revenues were up 52% to $350 million for the quarter. GAAP services
revenues were up 35% to $755 million.
"Oracle's database business delivered another
strong growth quarter," said Oracle CEO, Larry Ellison. "The latest Gartner,
IDC and Morgan Stanley database surveys all agree that Oracle is increasing
database market share while IBM's DB2 database is in decline. This quarter
marks an acceleration of that trend as more and more companies move their
database applications off mainframes onto Oracle Grids." (See Investor
Relations website www.oracle.com/investor.)
"The rapid integration of PeopleSoft into our
business contributed to the strong growth in both applications sales and
profits that we saw in the quarter," said Oracle President, Safra Catz.
"The combination of increased organic growth plus a carefully targeted
acquisition strategy have pushed Oracle's revenue and profits to record
levels." "The global field organization turned in a stellar performance
with 130% sequential growth in applications in the first full quarter past
the PeopleSoft acquisition. Our emphasis on product specialization is producing
benefits that we expect to continue in FY06," said Oracle President, Charles
Phillips.
For the full fiscal year 2005, Oracle's GAAP
earnings per share increased 10% to $0.55, and non-GAAP earnings per share
increased 31% to $0.68. GAAP net income was up 8% to $ 2.9 billion, while
non-GAAP net income grew 29% to $3.5 billion. GAAP revenue was up 16% to
$11.8 billion, while non-GAAP revenue was up 19% to $12.1 billion. Fiscal
year 2005 GAAP software revenues were up 17% to $9.4 billion while non-GAAP
software revenues were up 21% to $9.7 billion. GAAP database and middleware
new license sales were up 13% to $3.3 billion, and GAAP applications new
license revenues were up 28% to $785 million. GAAP service revenues were
up 14% to $2.4 billion.
Oracle is the world's largest enterprise software
company. For more information about Oracle, including supplemental financial
information, please call Investor Relations at (650) 506-4073 or visit
Oracle on the web at www.oracle.com/investor.
"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. We may fail
to achieve our financial forecasts due to such factors as delays or size
reductions in transactions, unanticipated fluctuations in currency exchange
rates, delays in product delivery, or a decline in our renewal rates for
software license updates and product support. (2) 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.
(3) We cannot assure market acceptance of new products or new versions
of existing products. (4) Periodic changes to our pricing model and sales
organization could temporarily disrupt operations and cause a decline or
delay in sales. (5) 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
"Factors That May Affect Our Future Results or the Market Price of Our
Stock." 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 29, 2005. Oracle undertakes no duty to update any
statement in light of new information or future events.
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