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DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /
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Breaking News - General:
Ellison Points To Grid As Reason For Strong Fourth Quarter
Oracle Corp announced financial results for its fiscal fourth quarter and for
its full fiscal year 2004.
Fourth quarter net income increased 15 percent to $990 million, or 19 cents
per share, compared to $858 million and 16 cents per share last year. Total
revenue increased 9 percent to $3.1 billion in the quarter with software
revenue up 12 percent to $2.5 billion, and services revenue down 4 percent to
$558 million. The Q4 operating margin was 46 percent, an all time high.
For the full fiscal year 2004 net income was up 16 percent to $2.7 billion
while earnings per share increased from 43 cents to 50 cents. Total revenue
increased 7 percent to $10.2 billion for the year with software revenue up 12
percent to $8.1 billion while services revenue was down 8 percent to $2.1
billion. Operating margin for the year was 38 percent, also an all time
record.
"Operating income was $1.4 billion in the fourth quarter and $3.9 billion for
the full year," said Oracle Chairman and CFO Jeff Henley. "That's the best
operating profit we've ever delivered; even better than our best year during
the Internet bubble. We had a very strong finish to a very good year."
"Since we introduced Grid technology six months ago, our database new license
sales have been growing at a rate of 15 percent," said Oracle CEO Larry
Ellison. "We're still early on in the adoption cycle but the Oracle 10g
database is off to a fast start. The market is just beginning the move to
databases and application servers running on Grids of low cost computers and
Oracle is leading the way."
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