Oracle reports increased EPS

Oracle Corporation announced that in Q3 fiscal 2006 GAAP earnings per share were USD0.14, up 40% compared to the same quarter last year. Third quarter GAAP revenues were up 18% to $3.5 billion, while quarterly GAAP net income was up 42% to USD765 million. Total GAAP software revenues were up 20% to $2.8 billion with GAAP database and middleware new license revenues up 5% and GAAP applications new license revenues up 77%. GAAP services revenues were up 9% to $671 million compared to the same quarter last year.
Non-GAAP earnings per share were USD0.19 in Q3, up 21% compared to the same quarter last year. Non-GAAP net income was up 23% to USD1 billion compared to Q3 last year.
"SAP's strongest geographical region is Europe," said Oracle President Charles Phillips. "So we are especially pleased that in Europe our applications new license revenue grew in excess of 100% year-over-year. It's very satisfying to be doing well right in SAP's backyard."
"Oracle's product strategy is based on a combination of innovations and acquisitions," said CEO Larry Ellison. "Over the last several weeks we announced our internally developed Secure Enterprise Search technology, and the completion of the Siebel acquisition. As a result, Oracle now has strong product offerings in both Search and Software as a Service. These two markets are red hot and will be engines for growth for Oracle and the entire software industry for years to come."