Oracle Quarter 4 Earnings Tops Forecasts

Oracle corporation, the world's largest enterprise software company and world's second largest independent software company today reported it's Q4 earnings of fiscal year 2008 and the results are very impressive and top on charts. new license revenues up 36% in Q4 of fiscal year 2008 and Q4 technology new license revenues up 23%.

Oracle announced that compared to the same quarter last year, the fiscal 2008 Q4 GAAP earnings per share were up 27% to $0.39. Fourth quarter GAAP revenues were up 24% to $7.2 billion and quarterly GAAP net income was up 27% to $2.0 billion.

Oracle reported that total GAAP software revenues were up 26% to $6.0 billion and fourth quarter non-GAAP earnings per share were up 27% to $0.47, and non-GAAP net income was up 27% to $2.4 billion.

Below is the snippet of official press release from Oracle.

"Four years ago we publicly announced a five year plan to deliver non-GAAP earnings per share at a compound annual growth rate of 20%," said Oracle CEO Larry Ellison. "During the past four years we exceeded our plan and delivered a non-GAAP EPS CAGR of over 26%."

Oracle is delivering solid results year-after-year but Oracle is expecting weaker growth in new software licenses for the current quarter.

Reference:-
Oracle Press Release