Business News

Oracle Issued the Following Statement

Tuesday 14. July 2009 - Oracle Corporation (NASDAQ: ORCL) ("Oracle") confirmed today that, after reviewing preliminary results reported by Sun Microsystems, Inc. ("Sun") for Sun's quarter ending June 30, 2009, Oracle expects the Sun acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP basis in the first full year after closing and estimates that the acquired business will contribute over $1.5 billion to Oracle's non-GAAP operating profit in that year, increasing to over $2 billion in the second year.

Oracle Corporation (NASDAQ: ORCL) (“Oracle”) confirmed today that, after reviewing preliminary results reported by Sun Microsystems, Inc. (“Sun”) for Sun’s quarter ending June 30, 2009, Oracle expects the Sun acquisition to be accretive to Oracle’s earnings by at least 15 cents on a non-GAAP basis in the first full year after closing and estimates that the acquired business will contribute over $1.5 billion to Oracle’s non-GAAP operating profit in that year, increasing to over $2 billion in the second year.
Oracle’s acquisition of Sun remains subject to stockholder and regulatory approvals and other closing conditions.