ORACLE reports Q4 Gaap EPS up 27% to 31 cents, non-Gaap EPS UP 28% TO 37 Cents
Q4 New Software License Revenues Up 17%, Annual Operating Cash Flow Up $1 Billion To $5.5 Billion.
REDWOOD SHORES, Calif.- 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.
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