Oracle Corporation (NASDAQ: ORCL)
today announced both fiscal 2011 Q2 GAAP and non-GAAP total revenues were up 47% to $8.6
billion. Both GAAP and non-GAAP new software license revenues were up 21% to $2.0 billion.
GAAP software license updates and product support revenues were up 12% to $3.6 billion, while
non-GAAP software license updates and product support revenues were up 12% to $3.7 billion.
Both GAAP and non-GAAP hardware systems products revenues were $1.1 billion. GAAP
operating income was up 27% to $2.8 billion, and GAAP operating margin was 32%. Non-
GAAP operating income was up 33% to $3.8 billion, and non-GAAP operating margin was 44%.
GAAP net income was up 28% to $1.9 billion, while non-GAAP net income was up 34% to $2.6
billion. GAAP earnings per share were $0.37, up 27% compared to last year while non-GAAP
earnings per share were up 33% to $0.51. GAAP operating cash flow on a trailing twelve-month
basis was $9.1 billion.
“Strong revenue performance plus disciplined business management enabled a 33%
increase in non-GAAP earnings per share to $0.51,” said Oracle President, Safra Catz. “Our new
license growth of 21% demonstrates the strength of the company-specific momentum we are
seeing. And our Sun business continues to improve with hardware gross margins increasing to
“Since joining Oracle I’ve met with and visited many customers that have expressed a
high level of enthusiasm around our strategy of engineering hardware and software that works
together,” said Oracle President, Mark Hurd. “That enthusiasm translates into an Exadata
pipeline that has now grown to nearly $2 billion. That number is a good leading indicator that
customers are planning to increase their investment in Oracle technology.”
“Sun’s new SPARC Supercluster computer shattered the world record for database
transaction processing performance by running 3 times faster than IBM’s fastest computer, and a
stunning 7.5 times faster than HP’s best ever database performance,” said Oracle CEO, Larry
Ellison. “Our new generation of Exadata, Exalogic and SPARC Supercluster computers deliver
much better performance and much lower cost than the fastest machines from IBM and HP.”
In addition, Oracle’s Board of Directors declared a cash dividend of $0.05 per share of
outstanding common stock to be paid to stockholders of record as of the close of business on
January 19, 2011, with a payment date of February 9, 2011. Future declarations of quarterly
dividends and the establishment of future record and payment dates are subject to the final
determination of Oracle’s Board of Directors.
Q2 Earnings Conference Call and Webcast
Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m.
Pacific. You may listen to the call by dialing (800) 214-0745 or (913) 643-0950, Passcode:
538205. To access the live webcast of this event, please visit the Oracle Investor Relations
website at http://www.oracle.com/investor.