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Home > Fortune 500 Companies > Oracle Corp
Oracle Corp
Oracle Corp is a publicly traded company having a good stock performance result. Oracle Corp is a fortune 500 stock listed company trading under ORCL. Oracle Corporation engages in the development, manufacture, marketing, distribution, and servicing of computer software that enables organizations manage their businesses worldwide.
The company was founded by Lawrence J. Ellison in 1977 and is headquartered in Redwood City, California. Larry Ellison has been CEO of Oracle Corporation since he founded the company in 1977. Mr. Ellison has received numerous honors and awards, including Entrepreneur of the Year from the Harvard School of Business.
Oracle Corporation reported fiscal 2006 Generally Accepted Accounting Principles revenues of 3.3 billion dollars, up 19 percent compared with the same quarter last year, while total non Generally Accepted Accounting Principles revenues increased 23 percent to 3.4 billion dollars for the quarter.
This included a year-over-year, negative currency impact of 3 percent. Second quarter Generally Accepted Accounting Principles total software revenues were up 18 percent to 2.6 billion dollars, while non Generally Accepted Accounting Principles total software revenues were up 22 percent to 2.7 billion dollars, compared to the same quarter last year. In spite of currency moving during the quarter nearly 5 percent in the wrong direction, they reported revenues of 3.4 billion dollars and earnings per share of 19 cents. Their subscription base is now over 300,000 contracts with a total annual value of 7.3 billion dollars.
Oracle Corporation reported that in Third quarter fiscal 2006 Generally Accepted Accounting Principles earnings per share were 0.14 dollar, up 40 percent compared to the same quarter last year. GAAP services revenues were up 9 percent to 671 million dollars compared to the same quarter last year. Non- Generally Accepted Accounting Principles earnings per share were 0.19 dollar in Q3, up 21 percent compared to the same quarter last year. Non- Generally Accepted Accounting Principles net income was up 23 percent to 1 billion dollars compared to Third quarter last year.
They believe that their customers get more from their information by using Oracle's software and services and applying these principles. Many have already improved their ability to use information and IT as strategic assets and are now able to share data and processes, measure results for continuous improvement, align stakeholders, and communicate a single truth to all their constituents.
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