CIMdata PLM Industry Summary Online Archive
26 March 2008
Financial News
Oracle Reports Q3 GAAP EPS Up 30% to 26 Cents, Non-GAAP EPS Up 23% to 30 cents; Database and Middleware New License Revenues Up 20%, Total GAAP Revenues Up 21%
Oracle Corporation announced fiscal 2008 Q3 GAAP earnings per share were up 30% to $0.26, compared to the same quarter last year. Third quarter total GAAP revenues were up 21% to $5.3 billion, while quarterly GAAP operating income was up 35% to $1.9 billion and GAAP net income was up 30% to $1.3 billion. Total GAAP software revenues were up 21% to $4.2 billion with GAAP new software license revenues up 16% to $1.6 billion. Database and middleware new license revenues were up 20% and applications new license revenues were up 7%. GAAP software license updates and product support revenues were up 25% to $2.6 billion. Service revenues were up 21% to $1.1 billion, compared to the same quarter last year.
Third quarter non-GAAP earnings per share were up 23% to $0.30, and non-GAAP net income was up 22% to $1.6 billion, compared to the same quarter last year.
"Oracle delivered another quarter of strong financial results and earnings growth. In Q3, we once again exceeded our non-GAAP EPS growth target of 20%," said Oracle President and CFO, Safra Catz. "For the first three quarters of this year we have grown our operating cash flow 55%, 3 times faster than at this point in the past five years."
"Database and middleware new software license revenues growth accelerated to 20% in the third quarter," said Oracle President, Charles Phillips. "We continue to grow faster and take market share from IBM."
"Software license updates and product support revenues were up 23% on a non-GAAP basis to $2.6 billion. By next quarter we expect to pass $10 billion for the year," said Oracle CEO, Larry Ellison. "Our non-GAAP operating income grew to $2.2 billion with our margins increasing nearly 200 basis points to 41% up from 39% in Q3 of last year. Our operating margins are now substantially higher than our competitors, including Microsoft, reflecting the unique leverage in our business."
Q3 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.
Click here for entire press release including financials.
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