Na also,
es geht doch:
Oracle Q4 Earnings Per Share $0.15, Operating Margin 40%, FY2001 Revenue $11 Billion, Income Up 25%, Operating Margin 35% 400 Customers Live on the E-Business Suite Including: Alcoa, BellSouth, Boeing, Cathay Pacific, Ford, GE, H-P, Sony
REDWOOD SHORES, Calif., Jun 18, 2001 /PRNewswire via COMTEX/ --
(http://www.oracle.com/tellmemore/?782349) Today, Oracle Corporation announced
that fourth quarter income was $855 million, or $0.15 per share, on revenue of
$3.3 billion. For the full fiscal year, net income increased 25% to $2.6
billion, or $0.44 per share, while revenue increased 7% to $11 billion.
"While the economy slowed our sales growth, we still managed to increase profits
and improve margins to record levels this past year," said Oracle CFO, Jeff
Henley. "That's a pretty good financial result in this difficult economic
climate."
"Our technical accomplishments this year position us for accelerating sales next
year," said Oracle CEO, Larry Ellison. "We introduced Applications Release 11i
-- the E-Business Suite -- just 12 months ago. In those 12 months more than 400
companies have gone live and are running their businesses using the E-Business
Suite. In one short year the E-Business Suite has completed the transition from
untested idea to proven technology. Our references are a who's-who of global
business."
"Several General Electric divisions use the E-Business Suite for Internet
procurement, supply chain automation, manufacturing, accounting, and customer
relationship management. One major GE implementation took less than 6 months and
required not a single modification to Oracle software. Hewlett-Packard
implemented sales force automation for more than 2,000 sales reps in 30
countries. Alcoa, Boeing and Ford went live with no software modifications.
BellSouth automated 10,000 call center agents. Cap Gemini and Westpac and Cathay
Pacific went live globally. And Sony Electronics took just 45 days to implement
supply chain automation. Well, that's 10 of the more than 400 customers running
their businesses on the E-Business Suite. Not bad after just one year in the
market."
"Just as the year ended we introduced new versions of our application server and
database server -- Oracle9iAS and Oracle9iDB," Ellison continued. "We have
published several benchmarks showing that Oracle9iAS runs Java much faster than
either the BEA or IBM application servers. And, the Oracle database continues to
be by far the fastest technology on the market. How fast? Well, when IBM wanted
to demonstrate the speed of their fastest new computer, IBM chose Oracle, not
DB2. The Oracle9i database, with 'Real Application Clusters', extends our
performance lead while making all Oracle applications fault tolerant. These
performance and reliability advantages over IBM and Microsoft in database, and
IBM and BEA in applications servers, place us in a strong competitive position
at the beginning of the new fiscal year."
Oracle Corporation is the world's second largest software company. With annual
sales of $11 billion, Oracle provides the software that powers the Internet. For
more information about Oracle, please call Investor Relations at 650-506-4073 or
visit Oracle on the web at www.oracle.com/investor.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
1995: Information in this release relating to Oracle's future prospects which
are "forward-looking statements" are subject to certain risks and uncertainties
that could cause actual results to differ materially, including, but not
necessarily limited to, the following: (1) A weakening of economic indicators
may affect the overall demand for computer software and services which could
result in decreased revenues or lower revenue growth rates. (2) Management's
ability to manage growth, continuously hire and retain significant numbers of
qualified employees, forecast revenues and control expenses, especially on a
quarterly basis, continues to be a challenge. An unexpected decline in the
growth rate of revenues without a corresponding and timely slowdown in expense
growth could have a material adverse effect on results of operations. (3) The
market for Oracle's products is intensely competitive and is characterized by
rapid technological advances and frequent new product introductions, including
Oracle 9i, a new version of Oracle's core database product. There can be no
assurances that Oracle will continue to introduce new products and new versions
of existing products that keep pace with technological developments, satisfy
increasingly sophisticated customer requirements and achieve market acceptance.
(4) Delays in product delivery or closing of sales can cause quarterly revenues
and income to fall significantly short of anticipated levels. (5) Oracle is
introducing new products, such as internet procurement and supply chain
management software, customer relationship management applications and
application hosting services, as well as assisting its customers in forming
exchanges for a number of business procurement needs; the market acceptance and
contribution to Oracle's revenues of these products cannot be assured. (6)
Oracle has recently changed its pricing model and is contemplating further
changes which could lead to a decline or delay in sales as its sales force and
customers adjust to the new pricing policies. Intense competition in the various
markets in which Oracle competes may also put pressure on Oracle to reduce
prices on certain products. Oracle undertakes no obligation to update
information contained in this release. For further information regarding risks
and uncertainties associated with Oracle's business, please refer to the "Risk
Factors" section of Oracle Corporation's SEC filings, including, but not limited
to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of
which may be obtained by contacting Oracle Corporation's Investor Relations
Department at 650-506-4073 or Oracle's Investor Relations website at
http://www.oracle.com/.
ORACLE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands, except per share data)
Three Months Ended Twelve Months Ended
May 31, May 31,
2001 2000 2001 2000
REVENUES
Licenses and other $1,656,238 $1,840,609 $4,706,797 $4,446,795
Services 1,607,646 1,533,701 6,152,875 5,683,333
Total revenues 3,263,884 3,374,310 10,859,672 10,130,128
OPERATING EXPENSES
Sales and marketing 811,888 852,194 2,691,322 2,616,749
Cost of services 718,550 725,498 2,796,040 2,942,679
Research and development 319,829 270,229 1,138,591 1,009,882
General and
administrative 118,691 137,878 456,628 480,658
Total operating
expenses 1,968,958 1,985,799 7,082,581 7,049,968
OPERATING INCOME 1,294,926 1,388,511 3,777,091 3,080,160
Net investment gains
(losses) related to
equity securities (A) 3,385 6,521,496 (17,087) 6,936,955
Other income, net 27,364 48,372 211,226 106,319
INCOME BEFORE TAXES 1,325,675 7,958,379 3,971,230 10,123,434
Provision for income
taxes 470,781 3,045,972 1,410,134 3,826,631
NET INCOME $854,894 $4,912,407 $2,561,096 $6,296,803
EARNINGS PER SHARE
Basic $0.15 $0.87 $0.46 $1.11
Diluted $0.15 $0.82 $0.44 $1.05
WEIGHTED SHARES OUTSTANDING
Basic 5,602,590 5,637,856 5,596,721 5,678,839
Diluted 5,800,032 6,009,586 5,864,806 5,995,842
(A) Net investment gains related to equity securities in the quarter ended
May 31, 2000 of $6,521,496 relate to the gain on sale of existing
shares in Oracle Japan in connection with its Secondary Public
Offering, gains on sales of other marketable securities, and the
Company's equity share in the results of non-consolidated
subsidiaries. Excluding the effect of these transactions, the
effective income tax rate and provision for income taxes would have
been 35.6% and $510,984, respectively, and net income and fully
diluted earnings per share would have been $925,899 and $0.15,
respectively.
Net investment gains related to equity securities in the fiscal year
ended May 31, 2000 of $6,936,955 relate to the gain on sale of
existing shares in Liberate Technologies and Oracle Japan in
connection with Secondary Public Offerings, gains on sales of other
marketable securities, and the Company's equity share in the results
of non-consolidated subsidiaries. Excluding the effect of these
transactions, the effective tax rate and provision for income taxes
would have been 35.5% and $1,131,199, respectively, and net income and
fully diluted earnings per share for the fiscal year ended May 31,
2000 would have been $2,055,280 and $0.34, respectively.
ORACLE CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
($ in thousands)
May 31, May 31,
2001 2000
ASSETS
Current Assets
Cash and short term investments $5,887,661 $7,761,998
Trade receivables, net 2,432,131 2,533,964
Prepaid and refundable income taxes 272,742 212,829
Other current assets 370,616 374,543
Total current assets 8,963,150 10,883,334
Long-term cash investments 0 110,000
Property and equipment, net 974,751 934,455
Prepaid taxes 376,030 322,379
Other assets 716,229 826,611
TOTAL ASSETS $11,030,160 $13,076,779
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Notes payable, including current maturities $2,849 $2,691
Accounts payable 270,112 287,495
Income taxes 767,087 2,821,776
Customer advances and unearned revenues 1,213,529 1,133,482
Other current liabilities 1,663,042 1,616,794
Total current liabilities 3,916,619 5,862,238
Long-term debt 300,847 300,770
Long-term liabilities 207,135 186,178
Deferred income taxes 327,788 266,130
Stockholders' equity 6,277,771 6,461,463
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $11,030,160 $13,076,779
ORACLE CORPORATION
Q4 FISCAL 2000 RESULTS
SUPPLEMENTAL ANALYSIS OF EFFECT OF SALES OF MARKETABLE SECURITIES
($ in thousands, except per share data)
Three Months Ended May 31, 2000
Other net
Gain on investment
sale of gains
shares in related to
As Oracle equity As
Reported Japan securities Adjusted
REVENUES
Licenses and other $1,840,609 $-- $-- $1,840,609
Services 1,533,701 -- -- 1,533,701
Total Revenues 3,374,310 -- -- 3,374,310
OPERATING EXPENSES
Sales and marketing 852,194 -- -- 852,194
Cost of services 725,498 -- -- 725,498
Research and development 270,229 -- -- 270,229
General and
administrative 137,878 -- -- 137,878
Total Operating
Expenses 1,985,799 -- -- 1,985,799
OPERATING INCOME 1,388,511 1,388,511
Net investment gains
related to equity
securities (A) 6,521,496 6,466,378 55,118 --
Other income, net 48,372 -- -- 48,372
INCOME BEFORE TAXES 7,958,379 6,466,378 55,118 1,436,883
Provision for income
taxes 3,045,972 2,515,421 19,567 510,984
NET INCOME $4,912,407 $3,950,957 $35,551 $925,899
EARNINGS PER SHARE
Basic $0.87 $0.70 $0.01 $0.16
Diluted $0.82 $0.66 $0.01 $0.15
(A) Net investment gains related to equity securities in the quarter
ended May 31, 2000 of $6,521,496 relate to the gain on sale of
existing shares in Oracle Japan in connection with its Secondary
Public Offering, gains on sales of other marketable securities, and
the Company's equity share in the results of non-consolidated
subsidiaries. Excluding the effect of these transactions, the
effective income tax rate and provision for income taxes would have
been 35.6% and $510,984, respectively and net income and fully
diluted earnings per share would have been $925,899 and $0.15,
respectively.
ORACLE CORPORATION
FISCAL 2000 RESULTS
SUPPLEMENTAL ANALYSIS OF EFFECT OF SALES OF MARKETABLE SECURITIES
($ in thousands, except per share data)
Twelve Months Ended May 31, 2000
Other net
Gain on Gain on investment
sale of sale of gains
shares in shares in related
As Liberate Oracle to equity As
Reported Technologies Japan securities Adjusted
REVENUES
Licenses and
other $4,446,795 $-- $-- $-- $4,446,795
Services 5,683,333 -- -- -- 5,683,333
Total
Revenues 10,130,128 -- 10,130,128
OPERATING EXPENSES
Sales and
marketing 2,616,749 -- -- -- 2,616,749
Cost of
services 2,942,679 -- -- -- 2,942,679
Research and
development 1,009,882 -- -- -- 1,009,882
General and
administrative 480,658 -- -- -- 480,658
Total Operating
Expenses 7,049,968 -- -- -- 7,049,968
OPERATING INCOME 3,080,160 -- -- -- 3,080,160
Net investment
gains related
to equity
securities (A) 6,936,955 431,846 6,466,378 38,731 --
Other income,
net 106,319 -- -- -- 106,319
INCOME BEFORE
TAXES 10,123,434 431,846 6,466,378 38,731 3,186,479
Provision for
income taxes 3,826,631 166,261 2,515,421 13,750 1,131,199
NET INCOME $6,296,803 $265,585 $3,950,957 $24,981 $2,055,280
EARNINGS PER SHARE
Basic $1.11 $0.05 $0.70 nm $0.36
Diluted $1.05 $0.04 $0.66 nm $0.34
(A) Net investment gains related to equity securities in the fiscal year
ended May 31, 2000 of $6,936,955 relate to the gain on sale of
existing shares in Liberate Technologies and Oracle Japan in
connection with Secondary Public Offerings, gains on sales of other
marketable securities, and the Company's equity share in the results
of non-consolidated subsidiaries. Excluding the effect of these
transactions, the effective income tax rate and provision for income
taxes would have been 35.5% and $1,131,199, respectively, and net
income and fully diluted earnings per share would have been
$2,055,280 and $0.34, respectively.
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