"what did ORCL say? "
Oracle Q4 Earnings Per Share $0.15, Operating Margin 40%, FY2001 Revenue $11 Billion, Income Up 25%, Operating Margin 35%
400 Customers Live on the E-Business Suite Including: Alcoa, BellSouth, Boeing, Cathay Pacific, Ford, GE, H-P, Sony
REDWOOD SHORES, Calif., June 18 /PRNewswire/ -- (http://www.oracle.com/tellmemore/?782349) Today, Oracle Corporation announced that fourth quarter income was $855 million, or $0.15 per share, on revenue of $3.3 billion. For the full fiscal year, net income increased 25% to $2.6 billion, or $0.44 per share, while revenue increased 7% to $11 billion.
``While the economy slowed our sales growth, we still managed to increase profits and improve margins to record levels this past year,'' said Oracle CFO, Jeff Henley. ``That's a pretty good financial result in this difficult economic climate.''
``Our technical accomplishments this year position us for accelerating sales next year,'' said Oracle CEO, Larry Ellison. ``We introduced Applications Release 11i -- the E-Business Suite -- just 12 months ago. In those 12 months more than 400 companies have gone live and are running their businesses using the E-Business Suite. In one short year the E-Business Suite has completed the transition from untested idea to proven technology. Our references are a who's-who of global business.''
``Several General Electric divisions use the E-Business Suite for Internet procurement, supply chain automation, manufacturing, accounting, and customer relationship management. One major GE implementation took less than 6 months and required not a single modification to Oracle software. Hewlett-Packard implemented sales force automation for more than 2,000 sales reps in 30 countries. Alcoa, Boeing and Ford went live with no software modifications. BellSouth automated 10,000 call center agents. Cap Gemini and Westpac and Cathay Pacific went live globally. And Sony Electronics took just 45 days to implement supply chain automation. Well, that's 10 of the more than 400 customers running their businesses on the E-Business Suite. Not bad after just one year in the market.''
``Just as the year ended we introduced new versions of our application server and database server -- Oracle9iAS and Oracle9iDB,'' Ellison continued. ``We have published several benchmarks showing that Oracle9iAS runs Java much faster than either the BEA or IBM application servers. And, the Oracle database continues to be by far the fastest technology on the market. How fast? Well, when IBM wanted to demonstrate the speed of their fastest new computer, IBM chose Oracle, not DB2. The Oracle9i database, with 'Real Application Clusters', extends our performance lead while making all Oracle applications fault tolerant. These performance and reliability advantages over IBM and Microsoft in database, and IBM and BEA in applications servers, place us in a strong competitive position at the beginning of the new fiscal year.''
Oracle Corporation is the world's second largest software company. With annual sales of $11 billion, Oracle provides the software that powers the Internet. For more information about Oracle, please call Investor Relations at 650-506-4073 or visit Oracle on the web at www.oracle.com/investor.
``Safe Harbor'' Statement Under the Private Securities Litigation Reform Act of 1995: Information in this release relating to Oracle's future prospects which are ``forward-looking statements'' are subject to certain risks and uncertainties that could cause actual results to differ materially, including, but not necessarily limited to, the following: (1) A weakening of economic indicators may affect the overall demand for computer software and services which could result in decreased revenues or lower revenue growth rates. (2) Management's ability to manage growth, continuously hire and retain significant numbers of qualified employees, forecast revenues and control expenses, especially on a quarterly basis, continues to be a challenge. An unexpected decline in the growth rate of revenues without a corresponding and timely slowdown in expense growth could have a material adverse effect on results of operations. (3) The market for Oracle's products is intensely competitive and is characterized by rapid technological advances and frequent new product introductions, including Oracle 9i, a new version of Oracle's core database product. There can be no assurances that Oracle will continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance. (4) Delays in product delivery or closing of sales can cause quarterly revenues and income to fall significantly short of anticipated levels. (5) Oracle is introducing new products, such as internet procurement and supply chain management software, customer relationship management applications and application hosting services, as well as assisting its customers in forming exchanges for a number of business procurement needs; the market acceptance and contribution to Oracle's revenues of these products cannot be assured. (6) Oracle has recently changed its pricing model and is contemplating further changes which could lead to a decline or delay in sales as its sales force and customers adjust to the new pricing policies. Intense competition in the various markets in which Oracle competes may also put pressure on Oracle to reduce prices on certain products. Oracle undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Oracle's business, please refer to the ``Risk Factors'' section of Oracle Corporation's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Oracle Corporation's Investor Relations Department at 650-506-4073 or Oracle's Investor Relations website at oracle.com.
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