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Oracle Asia Pacific & Japan 2007 Q1 Revenues Up 21%

Oracle has announced that its fiscal 2007 Q1 GAAP earnings per share is up 28% to .13, compared to the same quarter last year. First quarter total GAAP revenues were up 30% to USD 3.6 billion, while quarterly GAAP net income was up 29% to USD 670 million. Total GAAP software revenues were up 29% to USD 2.7 billion with database and middleware new license revenues up 15% and applications new license revenues up 80%.

Services revenues were up 33% to USD 846 million, compared to the same quarter last year. First quarter non-GAAP earnings per share were up 24% to USD 0.18, and non-GAAP net income was up 26% to USD million, compared to the same quarter last year.

“We reported record revenues and earnings for the first quarter,” said Oracle President and CFO, Safra Catz. “We exceeded our guidance on every metric and delivered strong revenue growth across all product lines and geographies. We are now
in year three of our five year plan targeting EPS growth at 20% per year. We continue to deliver results comfortably ahead of target.”

“We’re rapidly taking applications market share from SAP,” said Oracle President, Charles Phillips. “Q1 was the second consecutive quarter that Oracle’s applications new license sales growth was 80% or more. That’s ten times SAP’s 8%
new license sales growth rate in their most recently completed quarter.”

“SAP appears to be rethinking their strategy as they lose application market share to Oracle and confront the difficulties of moving their application software to a modern Service Oriented Architecture (SOA),” said CEO, Larry Ellison. “They’ve just announced that they are delaying the next version of SAP applications until 2010. That’s a full two years behind Oracle’s scheduled delivery of our SOA Fusion applications. And now Kagermann is talking about an acquisition strategy to augment SAP’s slowing organic growth. These are major changes in direction for SAP.”

Additionally, below are highlights on Oracle Asia Pacific & Japan financial performance in Q1FY07 (all figures in USD and on GAAP basis):

Oracle Asia Pacific & Japan reported total revenues of USD 495 million, a 21% increase from Q1FY06
Applications new license revenues in JAPAC grew 126%, compared to Q1FY06
Database and middleware new license revenues in JAPAC grew 12%, compared to Q1FY06
JAPAC accounted for 14% of total Q1FY07 revenues worldwide and 23% of total Q1FY07 new license revenues


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