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Nasdaq
:ORCL
Oracle
Corporation is an enterprise software company that develops, manufactures,
markets and distributes computer software that helps its customers manage
and grow their businesses and manage their operations
Oracle
Europe, Middle East & Africa Reports Increased Revenues For the Third
Quarter of Fiscal Year 2007 Over Same Period Last Year
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Customers in the region endorse Oracle® products and services
over that of competitors as GAAP revenues increase by 27 per cent -
GENEVA,
SWITZERLAND, March 21, 2007: Oracle Corporation (NASDAQ-GS: ORCL) today
reported increased total GAAP revenues of 27 per cent in Europe, Middle
East & Africa (EMEA) to $1.5 billion as organisations in the region
continue to select Oracle® products as the strategic platform for their
company-wide IT systems. Oracle EMEA saw good growth in demand for Oracle
Database and Oracle Fusion Middleware and for Oracle's portfolio of enterprise
applications, with continued demand in key industries such as financial
services, public sector, manufacturing, telecommunications, healthcare
and retail.
"This
quarter we have seen sustained growth across all products and services
with overall revenues up by 27 per cent, and our double-digit growth outperformed
the market," said Sergio Giacoletto, Executive Vice President, Oracle Europe,
Middle East and Africa. "Increasingly we are seeing customers are
replacing inefficient and costly systems based on our competitors' solutions
with comprehensive, integrated Oracle applications and technology solutions.
Oracle is the leader in many areas such as database, CRM, HRMS, communications,
financial services and retail, and our strategy of choice and lifetime
support is winning sales."
Oracle
Buys Enterprise Performance Management Leader Hyperion
12,000
companies use Hyperion software including 91 of the Fortune 100
REDWOOD
SHORES, Calif., 01-MAR-2007 04:20 AM Oracle
today announced that it has agreed to buy Hyperion Solutions Corporation
(Nasdaq: HYSL), a leading global provider of performance management software
solutions, through a cash tender offer for $52.00 per share, or approximately
$3.3 billion.
"The
acquisition of Hyperion makes Oracle the category leader in the high growth
enterprise performance management market," said Oracle CEO Larry Ellison.
"Hyperion's EPM software coupled with Oracle's Business Intelligence (BI)
tools and analytic applications form an end-to-end performance management
system that includes planning, budgeting, consolidation, operational analytics
and compliance reporting. "
"Requirements
for Performance Management and Business Intelligence solutions are increasingly
converging," said Hyperion Chief Executive Officer Godfrey Sullivan. "Given
the critical need for managers across the enterprise to align operational
decisions with strategy, now is the right time for Hyperion to combine
with a strategic partner like Oracle to deliver the first, integrated end-to-end
Enterprise Performance Management System."
"Hyperion
is the latest move in our strategy to expand Oracle's offerings to SAP
customers," said Oracle President Charles Phillips. "Thousands of SAP customers
rely on Hyperion as their financial consolidation, analysis and reporting
system of record. Oracle already has PeopleSoft HR, Siebel CRM, G-Log,
Demantra, i-flex, Oracle Retail, and Oracle Fusion Middleware installed
at SAP's largest ERP customers. Now Oracle's Hyperion software will be
the lens through which SAP's most important customers view and analyze
their underlying SAP ERP data."
"We
expect this transaction to be accretive to Oracle's earnings on a non-GAAP
basis by at least one cent per share in fiscal year 2008 and by at least
four cents per share in fiscal 2009," said Oracle President and CFO, Safra
Catz. "Given the size of our global organization and the complementary
nature of our businesses, we should recognize substantial revenue synergies
and significant economies of scale."
The
transaction is subject to customary conditions and is expected to close
in April 2007. More information is available at http://www.oracle.com/hyperion.
Oracle
will host a conference call today, Thursday, March 1, at 5:30 a.m. (PST)
/ 8:30 a.m. (EST) to discuss the acquisition. A live audio webcast of the
call will be made available on the Oracle Investor Relations website at
www.oracle.com/investor. Interested parties may participate live via telephone
by calling +1.913.312.1303 (no passcode needed). The webcast will be available
for replay for seven days following the conference call. The replay number
is (719) 457-0820, passcode 1946731.
Q3
Earnings Announcement
Oracle
will release its fiscal third quarter results on Tuesday, March 20, and
will hold a conference call and web broadcast to discuss the results at
2:00pm (PDT) / 5:00pm (EDT). To access the live web broadcast of this event,
please visit the Oracle Investor Relations website at http://www.oracle.com/investor.
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