On September 18, 2008 Oracle announced their 1Q09 earnings results. The company reported a net income of $1.08 billion, a 29% increase from the same period of 2008. With these results Oracle has shown its ability to remain strong during a weak economy. Shares of Oracle rose over 2% upon the earnings release.
On June 25th, 2008 Oracle released its fourth quarter earnings results. The company reported revenues of $7.24 billion, a 24% increase from the same period last year. Oracle's acquisitions during the year, including that of BEA Systems during 4Q08, helped to fuel revenue growth.
On April 29, 2008 Oracle completed its $8.5 billion dollar acquisition of BEA Systems. This was the largest takeover for Oracle since it purchased PeopleSoft for $11.1 billion in 2005. Over the past 3 years Oracle has spent over $25 billion on acquisitions in an attempt to better position themselves in the software industry. The BEA Systems acquisition is no exception: BEA is a leader in middleware, one of Oracle's weaker product segments.
Oracle posted a 35% increase in earnings in Q2 2008 thanks to very strong revenue in software and new liscense sales.
Growth from the Peoplesoft acquisition starts to play into Oracle's financials. Also Oracle continues executing an aggressive acquisition strategy, adding strong assets to its portfolio (Siebel, Retek, i-Flex, etc), producing high top line growth, integrating the companies efficiently into its fold, and producing high bottom line growth rates as well. Market rewards the execution of this strategy.
Oracle announced its Q1 results, which exceeded analysts’ expectations. The net income for the quarter was $840 million, compared to $670 million last year. The earnings for the quarter were 22 cents per share, while the analysts were expecting 21 cents a share. The growth was primarily driven by high sales of its new software applications licenses.
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Oracle announces acquisition of rival enterprise software vendor Peoplesoft for $11 billion. Peoplesoft also includes J.D Edwards, an erstwhile enterprise software vendor that was acquired in 2003.