ENGINEERING
Oracle Announces First Quarter Results
- Written by: Writer
- Category: ENGINEERING
REDWOOD SHORES, CA -- In the aftermath of Tuesday's terrorist attack on the United States, Oracle Corporation is announcing its Q1 quarterly results without comment or elaboration. Oracle has seven people missing in the World Trade Center, and one person lost on United Flight 93. Our heart goes out to all of the families who have lost loved ones. We pray more survivors will be found. Our efforts and energies are now focused on helping the agencies of our government -- relief, law enforcement, intelligence and military -- respond to this national emergency. Our people, computers and facilities are being retasked to help these agencies reestablish systems that have been interrupted by the attack. Oracle recorded first quarter income of $511 million on revenue of $2.2 billion. Earnings per share increased to 9 cents compared with 8 cents in Q1 last year. Operating margins increased from 29% last year to 33% this year. We will issue another press release and hold a conference call when the markets reopen.