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ORACLE REPORTS Q3 GAAP EPS UP 3% TO 26 CENTS, NON-GAAP EPS UP 16% TO 35 CENTS
Declares First-Ever Quarterly Dividend of 5 Cents per Share of Common Stock
Redwood Shores, CA - March 18, 2009
News Facts
Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2009 Q3 GAAP earnings per share were $0.26, up 3% compared to last year. Third quarter GAAP total revenues were up 2% to $5.5 billion, while quarterly GAAP net income was down 1% to $1.3 billion. GAAP software revenues were up 5% to $4.4 billion with new software license revenues down 6% to $1.5 billion. GAAP software license updates and product support revenues were up 11% to $2.9 billion. GAAP services revenues were down 8% to $1.0 billion. GAAP operating income was up 4% to $1.9 billion and GAAP operating margin was up 54 basis points to 36%. GAAP operating cash flow on a trailing twelve month basis was $8.5 billion, up 17%.
Oracle's Q3 results were impacted by the dramatically reduced value of foreign currencies when compared to US dollars, reducing GAAP earnings by $0.05 per share. If currency exchange rates were the same as they were in Q3 of last year, Oracle's Q3 GAAP earnings per share would have been up 18% to $0.31 rather than up 3% to $0.26, with total GAAP revenues up 11% rather than up 2%, GAAP software revenues up 14% rather than up 5%, GAAP net income up 14% rather than down 1%, and GAAP operating income up 17% rather than up 4%.
ORACLE REPORTS Q3 GAAP EPS UP 3% TO 26 CENTS, NON-GAAP EPS UP 16% TO 35 CENTS
Declares First-Ever Quarterly Dividend of 5 Cents per Share of Common Stock
Redwood Shores, CA - March 18, 2009
News Facts
Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2009 Q3 GAAP earnings per share were $0.26, up 3% compared to last year. Third quarter GAAP total revenues were up 2% to $5.5 billion, while quarterly GAAP net income was down 1% to $1.3 billion. GAAP software revenues were up 5% to $4.4 billion with new software license revenues down 6% to $1.5 billion. GAAP software license updates and product support revenues were up 11% to $2.9 billion. GAAP services revenues were down 8% to $1.0 billion. GAAP operating income was up 4% to $1.9 billion and GAAP operating margin was up 54 basis points to 36%. GAAP operating cash flow on a trailing twelve month basis was $8.5 billion, up 17%.
Oracle's Q3 results were impacted by the dramatically reduced value of foreign currencies when compared to US dollars, reducing GAAP earnings by $0.05 per share. If currency exchange rates were the same as they were in Q3 of last year, Oracle's Q3 GAAP earnings per share would have been up 18% to $0.31 rather than up 3% to $0.26, with total GAAP revenues up 11% rather than up 2%, GAAP software revenues up 14% rather than up 5%, GAAP net income up 14% rather than down 1%, and GAAP operating income up 17% rather than up 4%.
To read the full Oracle Press Release click here
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