Oracle Reports Q1 GAAP EPS Up 28% to 21 Cents, Non-GAAP EPS Up 32% to 29 Cents
biz.yahoo.com
Thursday September 18, 4:01 pm ET
New Software License Revenues Up 14%, Total GAAP Software Revenues Up 20%
REDWOOD SHORES, Calif., Sept. 18 /PRNewswire-FirstCall/ -- Oracle Corporation (Nasdaq: ORCL) today announced fiscal 2009 Q1 GAAP earnings per share were up 28% to $0.21 compared to the same quarter last year. First quarter total GAAP revenues were up 18% to $5.3 billion, while quarterly GAAP net income was up 28% to $1.1 billion. Total GAAP software revenues were up 20% to $4.2 billion with new software license revenues up 14% to $1.2 billion. GAAP Software license updates and product support revenues were up 23% to $2.9 billion. GAAP Services revenues were up 9% to $1.2 billion. GAAP operating margins were up 170 basis points to 29%.
First quarter non-GAAP earnings per share were up 32% to $0.29, and non- GAAP net income was up 32% to $1.5 billion, compared to the same quarter last year. Non-GAAP total revenues were up 18% to $5.4 billion. Non-GAAP total software revenues were up 21% to $4.3 billion and non-GAAP software license updates and product support revenues were up 24% to $3.0 billion.
"Our non-GAAP EPS grew 32% in Q1, and this comes after the 27% growth in Q1 of last year," said Oracle President and CFO, Safra Catz. "We also delivered a Q1 non-GAAP operating margin of 40%, our highest ever in Q1, up 350 basis points from the quarter a year ago. We continue to deliver consistent earnings growth well ahead of plan."
"Oracle has once again increased its database market share according to the latest Gartner research report," said Oracle CEO, Larry Ellison. "Oracle's 49% market share in the survey year 2007 was greater than the market share of the next 4 vendors combined: IBM, Microsoft, Teradata, and Sybase."
"More-and-more Oracle database customers are buying our integrated suite of standards based Fusion middleware to modernize their computing environments," said Charles Phillips, Oracle President. "The Oracle product line of database, middleware and applications is by far the most extensive in the enterprise software industry. That enables us to offer a broader range of solutions than any other software vendor." |
