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To: D.J.Smyth who wrote (160713)	9/14/2000 4:27:18 PM
From: D.J.Smyth	Respond to of 176387

ot Oracle Reports Net Income Up 111%, Earnings Per Share $0.17 Application Sales Up 42%, Database Sales Up 32% Oracle Stock to Split 2 for 1 REDWOOD SHORES, Calif., Sept. 14 /PRNewswire/ -- [http://www.oracle.com/tellmemore/305460] Today, Oracle Corporation announced record results for the first quarter (Q1) of its fiscal year 2001. In addition, Oracle announced a two-for-one stock split of its outstanding common shares. First quarter net income increased 111% to $501 million, or $0.17 per share, while revenue grew to $2.3 billion. This compares to $237 million in net income, or $0.08 per share and $2.0 billion in revenue, in Q1 last year. First quarter applications software sales increased 42% to $156 million, while database software sales grew 32% to $585 million. Total software license revenue was up 28% to $807 million, while total service revenue increased 8% to $1.5 billion for the quarter. ``We are off to our fastest start in six years,'' said Oracle CEO, Larry Ellison. ``The spectacular growth in our database business demonstrates that we are continuing to take market share from IBM and Microsoft. The world's largest Web sites -- from Amazon.com to Yahoo! -- rely on the Oracle database to handle huge numbers of users and enormous quantities of information. The Oracle database is the software that powers the Internet.'' ``Sales of our new applications software -- the Oracle e-Business suite -- will just get stronger and stronger throughout the year,'' Ellison continued. ``The e-Business suite puts every aspect of a business -- marketing, sales, supply chain, manufacturing, customer service, accounting, human resources -- everything, on the Internet. Our complete and integrated e-Business suite is proving to be a compelling alternative to buying applications from several different vendors, and trying to make them work together.'' ``A little more than a year ago, Oracle set out to save one billion dollars annually by using our own Internet e-Business applications,'' said Oracle Chief Financial Officer, Jeff Henley. ``A billion dollars in annual savings translates to a 10 point improvement in our margins. We did better than that again this quarter. In Q1 our operating margin improved over last year's Q1 by 11.7 points -- from 17.4% to 29.1%. And now that we are in the second year of our e-Business transformation, we are seeing the sales and marketing productivity gains that should accelerate revenue growth throughout fiscal 2001. It should be a great year.'' This marks the tenth time that Oracle's common stock has been split since the company's initial public offering in March 1986. The two-for-one stock split will entitle each stockholder of record at the close of business on September 25, 2000 (the record date) to receive one additional share for every share of Oracle common stock held on that date. Shares resulting from the split will be distributed by the transfer agent on October 12, 2000 (the effective date). Oracle's stock will reflect the post-split price at the opening of the trading session on October 13, 2000. Oracle currently has approximately 2,802,029,000 shares of common stock outstanding. blah blah blah no weakness there Kumar. where is Kumar's weakness? sunw uses orcl, dell incorporates it.