This page has moved to Oracle Q2 Results: Results in Line with Expectations

Oracle Corporation is Hiring

Oracle Corporation has a dedicated Global Team of Recruiters who are responsible for identifying and bringing talented individuals into Oracle. This Blog gives people an insight into what it is like to work at Oracle and provide an avenue to explore opportunities with us. Enquiries can be made to

Subscribe to Oracle Corporation Recruitment Blog

Oracle Recruitment Topics

Blogumulus by Roy Tanck and Amanda Fazani

Friday, December 19, 2008

Oracle Q2 Results: Results in Line with Expectations

Oracle today released it Q2 results and our second quarter was in line with expectations as earnings excluding charges hit targets on lower than expected revenue.


Also of interest was news from Larry Ellison: “We signed our largest on-demand sales force automation contract this quarter,” said Oracle CEO, Larry Ellison. “This was just one of several recent wins over We also sold our first database machine, launching an all new and important business for Oracle.”

In an article by Jim Goldman Oracle Withstands Currency Headwinds it was interesting to note that Brendan Barnicle, software analyst at Pacific Crest Securities, called Oracle's performance a "home run," especially in this climate, and especially with those currency fluctuations, pointing to the company's surprisingly strong applications software business and solid database unit.

Oracle had second quarter revenue from Asia Pacific of $822 million. This figure is up modestly from the first quarter and year ago quarter.

It is great to see all the hard work that we do here come together to achieve these results.

Other news facts include:

-Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2009 Q2 GAAP earnings per share were $0.25, in line with GAAP earnings per share in Q2 of last year. Second quarter GAAP total revenues were up 6% to $5.6 billion, while quarterly GAAP net income was down 1% to $1.3 billion. GAAP software revenues were up 8% to $4.5 billion with new software license revenues down 3% to $1.6 billion. GAAP software license updates and product support revenues were up 14% to $2.9 billion. GAAP services revenues were down 2% to $1.1 billion. GAAP operating income was up 11% to $2.0 billion and GAAP operating margin was up 166 basis points to 35%. GAAP operating cash flow on a trailing twelve month basis was $8.1 billion, up 16%.

-“Our non-GAAP operating income grew 25% in constant currency to $2.6 billion in Q2, resulting in operating margins of 46%,” said Oracle Executive Vice President and CFO, Jeff Epstein. “In addition, Oracle generated $7.6 billion in free cash flow in the past twelve months, up 15% over the same period last year.”


Post a Comment

Enter your email address:

Delivered by FeedBurner

Software Visit to discover Indian blogs