Oracle Announces FY10 Q1 Results

Today, Oracle released its Quarter 1 results for FY10. A link to the Oracle Investor Relations page can be found here and the earnings press release can be found here

Some of the interesting points and notes from the Q1 results were:

-"Yesterday, Sun and Oracle announced Exadata Version 2, which is twice as fast as
Exadata Version 1 for data warehousing, and the first and only database machine that runs online transaction processing - OLTP - applications," said Oracle CEO Larry Ellison. "This new combination of Sun hardware and Oracle software is now the world's fastest computer system for both OLTP and data warehousing."

-"By substantially improving operating margins we were able to increase Q1 earnings per
share even though revenues decreased slightly," said Safra Catz, Oracle's President. "We grew non-GAAP operating margins by 570 basis points to 46 percent in our seasonally smallest quarter. Our operating model continues to drive earnings for our stockholders."

-"We grew faster than SAP in every region around the world, including Europe, where our
applications business grew 3 percent in constant currency versus negative 39 percent for SAP's most recent quarter," said Oracle President Charles Phillips. "Our applications team also executed especially well in North America, where our applications business grew 8 percent in constant currency versus negative 50 percent for SAP."

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