INDUSTRY

Today, Oracle Corporation announced that first quarter earnings per share increased 18% to $0.10, compared to the first quarter last year. Net income grew 16% to $509 million while revenues were up 7% to $2.2 billion compared to the first quarter last year. Quarterly software revenues were up 12% to $1.7 billion with new software license sales up 7% to $563 million, and software license updates and product support up 14% to $1.2 billion. First quarter operating margin rose to 32% versus 30% last year. "Since we introduced our database for grid computing, Oracle 10g, our database new license sales have grown 16%, 15% and 19% in the last three quarters, respectively," said Oracle CEO Larry Ellison. "Database grids mark a new generation of much faster and more reliable database technology that runs on groups of low cost PC servers. Oracle is first to market with database grid technology and our database sales are trending up." "Trailing twelve-month operating income and margin were at an all time high at $3.961 billion and 38.5%, respectively," said Oracle CFO Harry L. You. "This new level of performance reflects Oracle's continued success in providing customers with innovative and integrated software solutions and services." Oracle is the world's largest enterprise software company. For more information about Oracle, including supplemental financial information, please call Investor Relations at (650) 506-4073 or visit Oracle on the web at www.oracle.com/investor.