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Last Updated: Dec 19th, 2007 - 13:17:15 |
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| Lawrence J. Ellison has been Oracle's Chief Executive Officer and a member of the Board of Directors since he co-founded the Company in June 1977. Mr. Ellison served as Chairman of the Board from May 1995 to January 2004 and from May 1990 to October 1992. He served as President from May 1978 to July 1996. Mr. Ellison has been a member of the Executive Committee since December 1985. |
Oracle Corporation, the world's third-largest software manufacturer, announced today that third-quarter profit fell 15 percent primarily due to costs incurred in buying PeopleSoft Inc.
Net income fell to $540 million, or 10 cents a share, from $635 million, or 12 cents, in 2004, company said in a statement today. Sales rose 18 percent to $2.95 billion in the quarter ended Feb. 28th.
Oracle said that Third Quarter GAAP earnings per share was $0.10 and non-GAAP earnings per share was $0.16, compared with GAAP and non-GAAP earnings per share of $0.12 last year. GAAP net income for the quarter was $540 million and non-GAAP net income was $814 million, compared with GAAP net income of $635 million and non-GAAP net income of $650 million in Q3 last year. Total GAAP revenues increased 18% to $2.95 billion while total non-GAAP revenues increased 23% to $3.09 billion for the quarter.
Third quarter GAAP total software revenues were up 15% to $2.34 billion while non-GAAP total software revenues were up 23% to $2.48 billion. GAAP services revenues were up 26% to $614 million. GAAP database new license revenues were up 12% to $782 million for the quarter.
"We are extremely pleased that Q3 non-GAAP net income was up 25%, and non-GAAP earnings per share was up 28%," said Safra Catz, Oracle's Co-President and interim CFO. "Given our strong Q3 results and the improved outlook for Q4, we are raising our non-GAAP EPS guidance for the full fiscal year 2005 from $0.62 to $0.64 - $0.65."
"Solid growth in our database business has enabled Oracle to take market share from IBM all year long," said Oracle CEO Larry Ellison. Independent proof of Oracle's gains came when industry analyst firm IDC published that Oracle had increased its market share from 40.3% to 41.3%, while runner-up IBM's database share dropped from 31.8% to 30.6% over the last 12 months. "Oracle's gain in market share highlights the accelerating acceptance of Oracle Database Grids as replacements for IBM mainframes."
"Combining the Oracle and PeopleSoft applications businesses gives us the largest applications business in North America," said Oracle's Co-President Charles Phillips. "Having completed the PeopleSoft deal, we can now sell into an installed base of over 23,000 applications customers worldwide. We intend to aggressively expand our number one position in North America and grow our share globally."
