Oracle Corporation says that their fiscal 2007 Q2 GAAP earnings per share were up 20 percent to USD0.18, compared to the same quarter last year. Second quarter total GAAP revenues were up 26 percent to USD4.2 billion, while quarterly GAAP net income was up 21 percent to USD967 million.
Total GAAP software revenues were up 23 percent to USD3.2 billion with database and middleware new license revenues up 9 percent and applications new license revenues up 28 percent. Services revenues were up 41 percent to USD949 million, compared to the same quarter last year.Second quarter non-GAAP earnings per share were up 18 percent to USD0.22, and non-GAAP net income was up 20 percent to USD1.17 billion, compared to the same quarter last year.
“We delivered strong top line revenue growth along with solid earnings for the second quarter,” says Safra Catz, the President and CFO at Oracle. “We are now halfway through our five year plan targeting EPS growth at 20 percent per year. For the first two-and-a-half years we are comfortably ahead of that target.”
“Our applications acquisition strategy has strengthened our competitiveness in several industries including retail, banking, telecommunications and utilities,” says Larry Ellison, the CEO of Oracle. “Now, the very first industry vertical we entered via acquisition, our retail software business, is beginning to see the benefits of operational integration with Oracle. In Q2, our retail new software license sales more than tripled. During the second half of the year the retail business unit expects to do even better. Eight of the top ten retailers in North America use Oracle retail software, only one uses SAP.”