Oracle (ORCL) 8-K Oracle Reports Q3 Gaap Eps Up 20% to 49 Cents; Q3 Non-gaap Eps Up 15% to 62 Cents

Exhibit 99.1

For Immediate Release

Contact: Ken Bond Oracle Investor Relations 1.650.607.0349 ken.bond@oracle.com Deborah Hellinger Oracle Corporate Communications 1.212.508.7935 deborah.hellinger@oracle.com

ORACLE REPORTS Q3 GAAP EPS UP 20% TO 49 CENTS; Q3 NON-GAAP EPS UP 15% TO 62 CENTS

Trailing Twelve Month Operating Cash Flow Up 35% to $13.5 billion

REDWOOD SHORES, Calif., Mar. 20, 2012 — Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2012 Q3 GAAP total revenues were up 3% to $9.0 billion, and non-GAAP total revenues were up 3% to $9.1 billion. Both GAAP and non-GAAP new software license revenues were up 7% to $2.4 billion. Both GAAP and non-GAAP software license updates and product support revenues were up 8% to $4.1 billion. Both GAAP and non-GAAP hardware systems products revenues were down 16% to $869 million. GAAP operating income was up 11% to $3.3 billion, and GAAP operating margin was 37%. Non-GAAP operating income was up 8% to $4.2 billion, and non-GAAP operating margin was 46%. GAAP net income was up 18% to $2.5 billion, while non-GAAP net income was up 13% to $3.1 billion. GAAP earnings per share were $0.49, up 20% compared to last year while non-GAAP earnings per share were up 15% to $0.62. GAAP operating cash flow on a trailing twelve-month basis was $13.5 billion.

“Oracle is on track to deliver the highest operating margins in our history this year,” said Oracle President and CFO, Safra Catz. “Oracle can achieve these record margins as an integrated hardware and software company because we are focusing on high margin systems where hardware and software are engineered to work together.”

“Hardware revenue for our engineered systems grew 139% this quarter and going into Q4, we have a record pipeline,” said Oracle President, Mark Hurd. “In applications, Fusion in the Cloud is winning with great success against niche HCM cloud vendors in the US and worldwide. Our modular, integrated platform of 100 apps available in the cloud or on-premise is a key differentiator.”

“This past quarter Oracle delivered the hardware and software for our new extreme-performance Exalytics In-Memory Machine,” said Oracle CEO, Larry Ellison. “At the core of Exalytics is our new in-memory database technology capable of instantaneous big data analysis; questions are answered at the speed of thought. And unlike SAP’s Hana in-memory appliance, Exalytics runs your existing applications. Simply plug-in Exalytics and your existing Oracle Business Intelligence applications and Hyperion Enterprise Performance Management applications run much, much faster.”

The Board of Directors also declared a quarterly cash dividend of $0.06 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on April 11, 2012, with a payment date of May 2, 2012.

Q3 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. You may listen to the call by dialing (719) 325-2433, Passcode: 110382. To access the live webcast of this event, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. A replay of the conference call will also be available by dialing (719) 457-0820 or (888) 203-1112, Passcode: 6577274.

About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ: ORCL), visit www.oracle.com or contact Investor Relations at investor_us@oracle.com or (650) 506-4073.

# # #

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

“Safe Harbor” Statement:Statements in this press release relating to Oracle’s future plans, expectations, beliefs, intentions and prospects, including statements regarding operating margin growth and the fourth quarter pipeline for engineered systems, are “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Economic, political and market conditions, including the recent recession and current European debt crisis, can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (2) We may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, unanticipated fluctuations in currency exchange rates, delays in delivery of new products or releases or a decline in our renewal rates for software license updates and product support. (3) Our hardware systems business may not be successful, and we may fail to achieve our financial forecasts with respect to this business. (4) We have an active acquisition program and our acquisitions may not be successful, may involve unanticipated costs or other integration issues or may disrupt our existing operations. (5) Our international sales and operations subject us to additional risks that can adversely affect our operating results, including risks relating to foreign currency gains and losses and risks relating to compliance with international and U.S. laws that apply to our international operations. (6) Intense competitive forces demand rapid technological advances and frequent new product introductions and could require us to reduce prices or cause us to lose customers. (7) If we are unable to develop new or sufficiently differentiated products and services, or to enhance and improve our products and support services in a timely manner or to position and/or price our products and services to meet market demand, customers may not buy new software licenses or hardware systems products or purchase or renew support contracts. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Oracle Corporation’s Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at http://www.oracle.com/investor. All information set forth in this press release is current as of March 20, 2012. Oracle undertakes no duty to update any statement in light of new information or future events.

ORACLE CORPORATION

Q3 FISCAL 2012 FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

	Three Months Ended												% Increase			% Increase (Decrease)
	February 29, 2012			% of Revenues			February 28, 2011			% of Revenues			(Decrease) in US $			in Constant Currency (1)
REVENUES
New software licenses	$	2,374			26%		$	2,214			25%			7%			8%
Software license updates and product support		4,051			45%			3,740			43%			8%			9%
Software Revenues		6,425			71%			5,954			68%			8%			9%
Hardware systems products		869			10%			1,035			12%			(16%	)		(16%	)
Hardware systems support		604			6%			629			7%			(4%	)		(3%	)
Hardware Systems Revenues		1,473			16%			1,664			19%			(11%	)		(11%	)
Services		1,141			13%			1,146			13%			0%			1%
Total Revenues		9,039			100%			8,764			100%			3%			4%
OPERATING EXPENSES
Sales and marketing		1,700			19%			1,618			19%			5%			6%
Software license updates and product support		305			3%			299			3%			2%			3%
Hardware systems products		424			5%			465			6%			(9%	)		(8%	)
Hardware systems support		257			3%			294			3%			(13%	)		(12%	)
Services		922			10%			954			11%			(3%	)		(2%	)
Research and development		1,145			13%			1,127			13%			2%			3%
General and administrative		261			3%			286			3%			(9%	)		(8%	)
Amortization of intangible assets		606			7%			612			7%			(1%	)		(1%	)
Acquisition related and other		38			0%			30			0%			28%			27%
Restructuring		64			0%			92			1%			(31%	)		(31%	)
Total Operating Expenses		5,722			63%			5,777			66%			(1%	)		0%
OPERATING INCOME		3,317			37%			2,987			34%			11%			11%
Interest expense		(190	)		(2%	)		(204	)		(2%	)		(7%	)		(7%	)
Non-operating income, net		21			0%			16			0%			33%			31%
INCOME BEFORE PROVISION FOR INCOME TAXES		3,148			35%			2,799			32%			12%			13%
Provision for income taxes		650			7%			683			8%			(5%	)		(4%	)
NET INCOME	$	2,498			28%		$	2,116			24%			18%			19%
EARNINGS PER SHARE:
Basic	$	0.50					$	0.42
Diluted	$	0.49					$	0.41
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic		5,007						5,057
Diluted		5,080						5,149

(1) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2011, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States dollar during the three months ended February 29, 2012 compared with the corresponding prior year period decreased our revenues by 1 percentage point, operating expenses by 1 percentage point and had no impact on our operating income.

1

ORACLE CORPORATION

Q3 FISCAL 2012 FINANCIAL RESULTS

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

	Three Months Ended														% Increase (Decrease) in US $						% Increase (Decrease)  in Constant Currency (2)
	February 29, 2012 GAAP		Adj.			February 29, 2012 Non-GAAP		February 28, 2011 GAAP		Adj.			February 28, 2011 Non-GAAP		GAAP			Non-GAAP			GAAP			Non-GAAP
TOTAL REVENUES (3) (4)	$	9,039	$	23		$	9,062	$	8,764	$	43		$	8,807		3%			3%			4%			4%
TOTAL SOFTWARE REVENUES (3)	$	6,425	$	17		$	6,442	$	5,954	$	16		$	5,970		8%			8%			9%			9%
New software licenses		2,374		—			2,374		2,214		—			2,214		7%			7%			8%			8%
Software license updates and product support (3)		4,051		17			4,068		3,740		16			3,756		8%			8%			9%			9%
TOTAL HARDWARE SYSTEMS REVENUES (4)	$	1,473	$	6		$	1,479	$	1,664	$	27		$	1,691		(11%	)		(12%	)		(11%	)		(12%	)
Hardware systems products		869		—			869		1,035		—			1,035		(16%	)		(16%	)		(16%	)		(16%	)
Hardware systems support (4)		604		6			610		629		27			656		(4%	)		(7%	)		(3%	)		(6%	)
TOTAL OPERATING EXPENSES	$	5,722	$	(865	)	$	4,857	$	5,777	$	(862	)	$	4,915		(1%	)		(1%	)		0%			0%
Stock-based compensation (5)		157		(157	)		—		128		(128	)		—		23%			*			23%			*
Amortization of intangible assets (6)		606		(606	)		—		612		(612	)		—		(1%	)		*			(1%	)		*
Acquisition related and other		38		(38	)		—		30		(30	)		—		28%			*			27%			*
Restructuring		64		(64	)		—		92		(92	)		—		(31%	)		*			(31%	)		*
OPERATING INCOME	$	3,317	$	888		$	4,205	$	2,987	$	905		$	3,892		11%			8%			11%			8%
OPERATING MARGIN %		37%					46%		34%					44%		261 bp.			221 bp.			253 bp.			205 bp.
INCOME TAX EFFECTS (7)	$	650	$	258		$	908	$	683	$	258		$	941		(5%	)		(4%	)		(4%	)		(3%	)
NET INCOME	$	2,498	$	630		$	3,128	$	2,116	$	647		$	2,763		18%			13%			19%			14%
DILUTED EARNINGS PER SHARE	$	0.49				$	0.62	$	0.41				$	0.54		20%			15%			20%			15%
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING		5,080		—			5,080		5,149		—			5,149		(1%	)		(1%	)		(1%	)		(1%	)

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

(2) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2011, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods.

(3) As of February 29, 2012, approximately $20 million, $25 million and $2 million in estimated revenues primarily related to assumed software support contracts will not be recognized for the remainder of fiscal 2012, fiscal 2013 and fiscal 2014, respectively, due to business combination accounting rules.

(4) As of February 29, 2012, approximately $4 million and $11 million in estimated revenues primarily related to hardware systems support contracts will not be recognized for the remainder of fiscal 2012 and fiscal 2013, respectively, due to business combination accounting rules.

(5) Stock-based compensation was included in the following GAAP operating expense categories:

	Three Months Ended February 29, 2012							Three Months Ended February 28, 2011
	GAAP		Adj.			Non-GAAP		GAAP		Adj.			Non-GAAP
Sales and marketing	$	30	$	(30	)	$	—	$	22	$	(22	)	$	—
Software license updates and product support		5		(5	)		—		4		(4	)		—
Hardware systems products		—		—			—		1		(1	)		—
Hardware systems support		1		(1	)		—		1		(1	)		—
Services		6		(6	)		—		5		(5	)		—
Research and development		74		(74	)		—		58		(58	)		—
General and administrative		41		(41	)		—		37		(37	)		—
Subtotal		157		(157	)		—		128		(128	)		—
Acquisition related and other		18		(18	)		—		1		(1	)		—
Total stock-based compensation	$	175	$	(175	)	$	—	$	129	$	(129	)	$	—

(6) Estimated future annual amortization expense related to intangible assets as of February 29, 2012 was as follows:

Remainder of Fiscal 2012	$	614
Fiscal 2013		2,163
Fiscal 2014		1,787
Fiscal 2015		1,345
Fiscal 2016		843
Fiscal 2017		286
Thereafter		406
Total intangible assets subject to amortization		7,444
In-process research and development		11
Total intangible assets, net	$	7,455

(7) Income tax effects were calculated reflecting an effective GAAP tax rate of 20.7% and 24.4% in the third quarter of fiscal 2012 and 2011, respectively, and an effective non-GAAP tax rate of 22.5% and 25.4% in the third quarter of fiscal 2012 and 2011, respectively. The difference between our GAAP and non-GAAP tax rates in the third quarter of fiscal 2012 was primarily due to income tax effects related to acquired tax exposures, the differences in jurisdictional tax rates and related tax benefits attributable to our restructuring expenses, and the disproportionate rate impact of discrete items for the quarter. The difference between our GAAP and non-GAAP tax rates in the third quarter of fiscal 2011 was primarily due to income tax effects related to acquired tax exposures and the disproportionate tax rate impact of the retroactive extension of U.S. research and development tax credits.

* Not meaningful

2

ORACLE CORPORATION

Q3 FISCAL 2012 YEAR TO DATE FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

	Nine Months Ended												% Increase			% Increase (Decrease)
	February 29, 2012			% of Revenues			February 28, 2011			% of Revenues			(Decrease) in US $			in Constant Currency (1)
REVENUES
New software licenses	$	5,921			23%		$	5,498			22%			8%			7%
Software license updates and product support		12,058			46%			10,835			44%			11%			9%
Software Revenues		17,979			69%			16,333			66%			10%			9%
Hardware systems products		2,851			11%			3,225			13%			(12%	)		(14%	)
Hardware systems support		1,874			7%			1,890			8%			(1%	)		(3%	)
Hardware Systems Revenues		4,725			18%			5,115			21%			(8%	)		(10%	)
Services		3,501			13%			3,399			13%			3%			2%
Total Revenues		26,205			100%			24,847			100%			5%			4%
OPERATING EXPENSES
Sales and marketing		5,027			19%			4,482			18%			12%			10%
Software license updates and product support		899			3%			914			4%			(2%	)		(2%	)
Hardware systems products		1,367			5%			1,547			6%			(12%	)		(12%	)
Hardware systems support		798			3%			950			4%			(16%	)		(18%	)
Services		2,788			11%			2,818			11%			(1%	)		(2%	)
Research and development		3,297			13%			3,349			13%			(2%	)		(1%	)
General and administrative (2)		848			3%			714			3%			19%			18%
Amortization of intangible assets		1,790			7%			1,829			7%			(2%	)		(2%	)
Acquisition related and other		63			0%			160			1%			(61%	)		(63%	)
Restructuring		217			1%			410			2%			(47%	)		(48%	)
Total Operating Expenses		17,094			65%			17,173			69%			0%			(1%	)
OPERATING INCOME		9,111			35%			7,674			31%			19%			15%
Interest expense		(574	)		(2%	)		(613	)		(2%	)		(7%	)		(7%	)
Non-operating income, net		42			0%			180			0%			(77%	)		(73%	)
INCOME BEFORE PROVISION FOR INCOME TAXES		8,579			33%			7,241			29%			18%			15%
Provision for income taxes		2,050			8%			1,903			8%			8%			4%
NET INCOME	$	6,529			25%		$	5,338			21%			22%			19%
EARNINGS PER SHARE:
Basic	$	1.30					$	1.06
Diluted	$	1.28					$	1.04
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic		5,037						5,042
Diluted		5,118						5,117

(1) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2011, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States dollar during the nine months ended February 29, 2012 compared with the corresponding prior year period increased our revenues by 1 percentage point, operating expenses by 1 percentage point and operating income by 4 percentage points.

(2) General and administrative expenses for the nine months ended February 28, 2011 included a benefit of $120 million related to the recovery of legal costs.

3

ORACLE CORPORATION

Q3 FISCAL 2012 YEAR TO DATE FINANCIAL RESULTS

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

	Nine Months Ended														% Increase (Decrease) in  US $						% Increase (Decrease) in Constant Currency (2)
	February 29, 2012 GAAP		Adj.			February 29, 2012 Non-GAAP		February 28, 2011 GAAP		Adj.			February 28, 2011 Non-GAAP		GAAP			Non-GAAP			GAAP			Non-GAAP
TOTAL REVENUES (3) (4)	$	26,205	$	66		$	26,271	$	24,847	$	197		$	25,044		5%			5%			4%			3%
TOTAL SOFTWARE REVENUES (3)	$	17,979	$	40		$	18,019	$	16,333	$	64		$	16,397		10%			10%			9%			8%
New software licenses		5,921		—			5,921		5,498		—			5,498		8%			8%			7%			7%
Software license updates and product support (3)		12,058		40			12,098		10,835		64			10,899		11%			11%			9%			9%
TOTAL HARDWARE SYSTEMS REVENUES (4)	$	4,725	$	26		$	4,751	$	5,115	$	133		$	5,248		(8%	)		(9%	)		(10%	)		(12%	)
Hardware systems products		2,851		—			2,851		3,225		—			3,225		(12%	)		(12%	)		(14%	)		(14%	)
Hardware systems support (4)		1,874		26			1,900		1,890		133			2,023		(1%	)		(6%	)		(3%	)		(8%	)
TOTAL OPERATING EXPENSES	$	17,094	$	(2,523	)	$	14,571	$	17,173	$	(2,774	)	$	14,399		0%			1%			(1%	)		0%
Stock-based compensation (5)		453		(453	)		—		375		(375	)		—		21%			*			21%			*
Amortization of intangible assets (6)		1,790		(1,790	)		—		1,829		(1,829	)		—		(2%	)		*			(2%	)		*
Acquisition related and other		63		(63	)		—		160		(160	)		—		(61%	)		*			(63%	)		*
Restructuring		217		(217	)		—		410		(410	)		—		(47%	)		*			(48%	)		*
OPERATING INCOME	$	9,111	$	2,589		$	11,700	$	7,674	$	2,971		$	10,645		19%			10%			15%			7%
OPERATING MARGIN %		35%					45%		31%					43%		388 bp.			203 bp.			344 bp.			172 bp.
INCOME TAX EFFECTS (7)	$	2,050	$	740		$	2,790	$	1,903	$	785		$	2,688		8%			4%			4%			1%
NET INCOME	$	6,529	$	1,849		$	8,378	$	5,338	$	2,186		$	7,524		22%			11%			19%			9%
DILUTED EARNINGS PER SHARE	$	1.28				$	1.64	$	1.04				$	1.47		22%			11%			19%			9%
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING		5,118		—			5,118		5,117		—			5,117		0%			0%			0%			0%

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

(2) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2011, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods.

(3) As of February 29, 2012, approximately $20 million, $25 million and $2 million in estimated revenues primarily related to assumed software support contracts will not be recognized for the remainder of fiscal 2012, fiscal 2013 and fiscal 2014, respectively, due to business combination accounting rules.

(4) As of February 29, 2012, approximately $4 million and $11 million in estimated revenues primarily related to hardware systems support contracts will not be recognized for the remainder of fiscal 2012 and fiscal 2013, respectively, due to business combination accounting rules.

(5) Stock-based compensation was included in the following GAAP operating expense categories:

	Nine Months Ended							Nine Months Ended
	February 29, 2012							February 28, 2011
	GAAP		Adj.			Non-GAAP		GAAP		Adj.			Non-GAAP
Sales and marketing	$	86	$	(86	)	$	—	$	64	$	(64	)	$	—
Software license updates and product support		13		(13	)		—		11		(11	)		—
Hardware systems products		1		(1	)		—		2		(2	)		—
Hardware systems support		4		(4	)		—		4		(4	)		—
Services		16		(16	)		—		13		(13	)		—
Research and development		213		(213	)		—		171		(171	)		—
General and administrative		120		(120	)		—		110		(110	)		—
Subtotal		453		(453	)		—		375		(375	)		—
Acquisition related and other		21		(21	)		—		8		(8	)		—
Total stock-based compensation	$	474	$	(474	)	$	—	$	383	$	(383	)	$	—

(6) Estimated future annual amortization expense related to intangible assets as of February 29, 2012 was as follows:

Remainder of Fiscal 2012	$	614
Fiscal 2013		2,163
Fiscal 2014		1,787
Fiscal 2015		1,345
Fiscal 2016		843
Fiscal 2017		286
Thereafter		406
Total intangible assets subject to amortization		7,444
In-process research and development		11
Total intangible assets, net	$	7,455

(7) Income tax effects were calculated reflecting an effective GAAP tax rate of 23.9% and 26.3% in the first nine months of fiscal 2012 and 2011, respectively, and an effective non-GAAP tax rate of 25.0% and 26.3% in the first nine months of fiscal 2012 and 2011, respectively. The differences between our GAAP and non-GAAP tax rates in the first nine months of fiscal 2012 were primarily due to income tax effects related to acquired tax exposures, the differences in jurisdictional tax rates and related tax benefits attributable to our restructuring expenses, and the disproportionate rate impact of discrete items for the first nine months of fiscal 2012.

* Not meaningful

4

ORACLE CORPORATION

Q3 FISCAL 2012 FINANCIAL RESULTS

CONDENSED CONSOLIDATED BALANCE SHEETS

($ in millions)

	February 29, 2012		May 31,      2011
ASSETS
Current Assets:
Cash and cash equivalents	$	13,781	$	16,163
Marketable securities		15,961		12,685
Trade receivables, net		4,656		6,628
Inventories		172		303
Deferred tax assets		1,290		1,189
Prepaid expenses and other current assets		1,678		2,206
Total Current Assets		37,538		39,174
Non-Current Assets:
Property, plant and equipment, net		2,936		2,857
Intangible assets, net		7,455		7,860
Goodwill		23,819		21,553
Deferred tax assets		977		1,076
Other assets		1,636		1,015
Total Non-Current Assets		36,823		34,361
TOTAL ASSETS	$	74,361	$	73,535
LIABILITIES AND EQUITY
Current Liabilities:
Notes payable, current and other current borrowings	$	—	$	1,150
Accounts payable		442		494
Accrued compensation and related benefits		1,665		2,320
Deferred revenues		6,285		6,802
Other current liabilities		3,240		3,426
Total Current Liabilities		11,632		14,192
Non-Current Liabilities:
Notes payable and other non-current borrowings		14,777		14,772
Income taxes payable		3,216		3,169
Other non-current liabilities		1,470		1,157
Total Non-Current Liabilities		19,463		19,098
Equity		43,266		40,245
TOTAL LIABILITIES AND EQUITY	$	74,361	$	73,535

5

ORACLE CORPORATION

Q3 FISCAL 2012 FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

($ in millions)

	Nine Months Ended
	February 29, 2012			February 28, 2011
Cash Flows From Operating Activities:
Net income	$	6,529		$	5,338
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		350			283
Amortization of intangible assets		1,790			1,829
Deferred income taxes		(200	)		(174	)
Stock-based compensation		474			383
Tax benefits on the exercise of stock options and vesting of restricted stock-based awards		123			222
Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards		(71	)		(139	)
Other, net		67			42
Changes in operating assets and liabilities, net of effects from acquisitions:
Decrease in trade receivables, net		2,028			1,377
Decrease (increase) in inventories		139			(9	)
Decrease in prepaid expenses and other assets		87			261
Decrease in accounts payable and other liabilities		(1,353	)		(821	)
Increase (decrease) in income taxes payable		259			(591	)
Decrease in deferred revenues		(536	)		(564	)
Net cash provided by operating activities		9,686			7,437
Cash Flows From Investing Activities:
Purchases of marketable securities and other investments		(29,745	)		(22,861	)
Proceeds from maturities and sales of marketable securities and other investments		26,472			19,159
Acquisitions, net of cash acquired		(2,833	)		(1,673	)
Capital expenditures		(431	)		(372	)
Proceeds from sale of property		—			85
Net cash used for investing activities		(6,537	)		(5,662	)
Cash Flows From Financing Activities:
Payments for repurchases of common stock		(3,457	)		(749	)
Proceeds from issuances of common stock		513			1,028
Payments of dividends to stockholders		(909	)		(757	)
Proceeds from borrowings, net of issuance costs		—			3,204
Repayments of borrowings		(1,405	)		(3,143	)
Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards		71			139
Distributions to noncontrolling interests		(163	)		(65	)
Net cash used for financing activities		(5,350	)		(343	)
Effect of exchange rate changes on cash and cash equivalents		(181	)		518
Net (decrease) increase in cash and cash equivalents		(2,382	)		1,950
Cash and cash equivalents at beginning of period		16,163			9,914
Cash and cash equivalents at end of period	$	13,781		$	11,864

6

ORACLE CORPORATION

Q3 FISCAL 2012 FINANCIAL RESULTS

FREE CASH FLOW—TRAILING 4-QUARTERS (1)

($ in millions)

	Fiscal 2011												Fiscal 2012
	Q1			Q2			Q3			Q4			Q1			Q2			Q3			Q4
GAAP Operating Cash Flow	$	8,760		$	9,053		$	9,948		$	11,214		$	12,818		$	13,129		$	13,463
Capital Expenditures (2)		(293	)		(369	)		(441	)		(450	)		(492	)		(500	)		(509	)
Free Cash Flow	$	8,467		$	8,684		$	9,507		$	10,764		$	12,326		$	12,629		$	12,954
% Growth over prior year		0%			3%			19%			27%			46%			45%			36%
GAAP Net Income	$	6,363		$	6,776		$	7,701		$	8,547		$	9,035		$	9,356		$	9,738
Free Cash Flow as a % of Net Income		133%			128%			123%			126%			136%			135%			133%

(1) To supplement our statements of cash flows presented on a GAAP basis, we use non-GAAP measures of cash flows on a trailing 4-quarter basis to analyze cash flow generated from operations. We believe free cash flow is also useful as one of the bases for comparing our performance with our competitors. The presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to net income as an indicator of our performance, or as an alternative to cash flows from operating activities as a measure of liquidity.

(2) Represents capital expenditures as reported in cash flows from investing activities on our cash flow statements presented in accordance with GAAP.

7

ORACLE CORPORATION

Q3 FISCAL 2012 FINANCIAL RESULTS

SUPPLEMENTAL ANALYSIS OF GAAP REVENUES AND HEADCOUNT (1)

($ in millions)

	Fiscal 2011											Fiscal 2012
	Q1		Q2		Q3		Q4			TOTAL		Q1			Q2			Q3			Q4	TOTAL
REVENUES
New software licenses	$	1,286	$	1,999	$	2,214	$	3,736		$	9,235	$	1,498		$	2,048		$	2,374			$	5,921
Software license updates and product support		3,450		3,645		3,740		3,961			14,796		4,022			3,986			4,051				12,058
Software Revenues		4,736		5,644		5,954		7,697			24,031		5,520			6,034			6,425				17,979
Hardware systems products		1,079		1,112		1,035		1,157			4,382		1,029			953			869				2,851
Hardware systems support		619		641		629		673			2,562		645			625			604				1,874
Hardware Systems Revenues		1,698		1,753		1,664		1,830			6,944		1,674			1,578			1,473				4,725
Services Revenues		1,068		1,185		1,146		1,248			4,647		1,180			1,180			1,141				3,501
Total Revenues	$	7,502	$	8,582	$	8,764	$	10,775		$	35,622	$	8,374		$	8,792		$	9,039			$	26,205
AS REPORTED REVENUE GROWTH RATES
New software licenses		25%		21%		29%		19%			23%		17%			2%			7%				8%
Software license updates and product support		11%		12%		13%		15%			13%		17%			9%			8%				11%
Software Revenues		14%		15%		19%		17%			17%		17%			7%			8%				10%
Hardware systems products		*		*		279%		(6%	)		191%		(5%	)		(14%	)		(16%	)			(12%	)
Hardware systems support		*		*		239%		12%			227%		4%			(2%	)		(4%	)			(1%	)
Hardware Systems Revenues		*		*		263%		0%			203%		(1%	)		(10%	)		(11%	)			(8%	)
Services Revenues		18%		24%		23%		13%			19%		10%			0%			0%				3%
Total Revenues		48%		47%		37%		13%			33%		12%			2%			3%				5%
CONSTANT CURRENCY GROWTH RATES (2)
New software licenses		25%		23%		27%		12%			19%		11%			3%			8%				7%
Software license updates and product support		12%		13%		12%		10%			12%		10%			9%			9%				9%
Software Revenues		15%		17%		17%		11%			15%		11%			7%			9%				9%
Hardware systems products		*		*		274%		(11%	)		184%		(11%	)		(14%	)		(16%	)			(14%	)
Hardware systems support		*		*		234%		6%			218%		(3%	)		(3%	)		(3%	)			(3%	)
Hardware Systems Revenues		*		*		258%		(5%	)		195%		(8%	)		(10%	)		(11%	)			(10%	)
Services Revenues		18%		25%		21%		7%			17%		5%			0%			1%				2%
Total Revenues		49%		48%		35%		7%			30%		5%			2%			4%				4%
GEOGRAPHIC REVENUES
REVENUES
Americas	$	3,904	$	4,452	$	4,509	$	5,487		$	18,352	$	4,226		$	4,532		$	4,707			$	13,465
Europe, Middle East & Africa		2,381		2,738		2,815		3,564			11,497		2,704			2,756			2,787				8,247
Asia Pacific		1,217		1,392		1,440		1,724			5,773		1,444			1,504			1,545				4,493
Total Revenues	$	7,502	$	8,582	$	8,764	$	10,775		$	35,622	$	8,374		$	8,792		$	9,039			$	26,205
HEADCOUNT
GEOGRAPHIC AREA
Americas		44,494		44,815		45,825		45,887					46,338			46,672			47,884
Europe, Middle East & Africa		22,886		22,690		22,705		22,394					22,210			22,725			22,852
Asia Pacific		37,856		38,225		39,340		40,148					40,840			41,901			42,908
Total Company		105,236		105,730		107,870		108,429					109,388			111,298			113,644

(1) The sum of the quarterly financial information may vary from year-to-date financial information due to rounding.

(2) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2011 and 2010 for the fiscal 2012 and fiscal 2011 constant currency growth rate calculations presented, respectively, rather than the actual exchange rates in effect during the respective periods.

* Not meaningful

8

ORACLE CORPORATION

Q3 FISCAL 2012 FINANCIAL RESULTS

SUPPLEMENTAL TOTAL SOFTWARE PRODUCT REVENUE ANALYSIS (1)

($ in millions)

	Fiscal 2011										Fiscal 2012
	Q1		Q2		Q3		Q4		TOTAL		Q1		Q2			Q3		Q4	TOTAL
SOFTWARE REVENUES
DATABASE & MIDDLEWARE REVENUES
New software licenses	$	937	$	1,420	$	1,575	$	2,694	$	6,626	$	1,070	$	1,479		$	1,716		$	4,265
Software license updates and product support		2,316		2,443		2,523		2,663		9,945		2,710		2,707			2,776			8,191
Database and Middleware Revenues	$	3,253	$	3,863	$	4,098	$	5,357	$	16,571	$	3,780	$	4,186		$	4,492		$	12,456
AS REPORTED GROWTH RATES
New software licenses		32%		21%		27%		18%		23%		14%		4%			9%			8%
Software license updates and product support		12%		15%		15%		15%		14%		17%		11%			10%			12%
Database and Middleware Revenues		17%		17%		19%		17%		18%		16%		8%			10%			11%
CONSTANT CURRENCY GROWTH RATES (2)
New software licenses		32%		23%		26%		10%		19%		8%		4%			10%			7%
Software license updates and product support		13%		16%		14%		10%		13%		12%		13%			12%			13%
Database and Middleware Revenues		18%		18%		18%		10%		15%		11%		10%			11%			11%
APPLICATIONS REVENUES
New software licenses	$	349	$	579	$	639	$	1,042	$	2,609	$	428	$	569		$	658		$	1,656
Software license updates and product support		1,134		1,202		1,217		1,298		4,851		1,312		1,279			1,275			3,867
Applications Revenues	$	1,483	$	1,781	$	1,856	$	2,340	$	7,460	$	1,740	$	1,848		$	1,933		$	5,523
AS REPORTED GROWTH RATES
New software licenses		10%		21%		34%		22%		23%		23%		(2%	)		3%			6%
Software license updates and product support		8%		8%		10%		16%		10%		16%		6%			5%			9%
Applications Revenues		8%		12%		17%		18%		14%		17%		4%			4%			8%
CONSTANT CURRENCY GROWTH RATES (2)
New software licenses		10%		22%		31%		16%		20%		19%		(1%	)		3%			5%
Software license updates and product support		9%		9%		9%		10%		9%		7%		2%			2%			4%
Applications Revenues		9%		13%		16%		12%		13%		10%		1%			3%			4%

(1) The sum of the quarterly financial information may vary from year-to-date financial information due to rounding.

(2) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2011 and 2010 for the fiscal 2012 and fiscal 2011 constant currency growth rate calculations presented, respectively, rather than the actual exchange rates in effect during the respective periods.

9

ORACLE CORPORATION

Q3 FISCAL 2012 FINANCIAL RESULTS

SUPPLEMENTAL GEOGRAPHIC NEW SOFTWARE LICENSE AND HARDWARE SYSTEMS PRODUCTS REVENUES ANALYSIS (1)

($ in millions)

	Fiscal 2011													Fiscal 2012
	Q1			Q2			Q3		Q4			TOTAL		Q1			Q2			Q3			Q4	TOTAL
AMERICAS
Database & Middleware	$	446		$	671		$	755	$	1,284		$	3,155	$	478		$	669		$	808			$	1,955
Applications		212			359			355		580			1,507		249			358			420				1,027
New Software License Revenues	$	658		$	1,030		$	1,110	$	1,864		$	4,662	$	727		$	1,027		$	1,228			$	2,982
Hardware Systems Products Revenues	$	543		$	602		$	506	$	599		$	2,248	$	475		$	496		$	410			$	1,382
AS REPORTED GROWTH RATES
Database & Middleware		44%			36%			40%		14%			28%		7%			0%			7%				4%
Applications		14%			26%			26%		20%			22%		18%			0%			18%				11%
New Software License Revenues		33%			32%			35%		16%			26%		10%			0%			11%				7%
Hardware Systems Products Revenues		*			*			287%		(3%	)		201%		(12%	)		(17%	)		(19%	)			(16%	)
CONSTANT CURRENCY GROWTH RATES (2)
Database & Middleware		43%			36%			39%		12%			27%		6%			1%			8%				5%
Applications		14%			26%			24%		18%			20%		16%			1%			19%				11%
New Software License Revenues		32%			32%			34%		14%			24%		9%			1%			11%				7%
Hardware Systems Products Revenues		*			*			285%		(4%	)		199%		(13%	)		(17%	)		(18%	)			(16%	)
EUROPE / MIDDLE EAST / AFRICA
Database & Middleware	$	279		$	426		$	505	$	925		$	2,137	$	322		$	443		$	535			$	1,301
Applications		73			148			197		308			724		118			141			158				417
New Software License Revenues	$	352		$	574		$	702	$	1,233		$	2,861	$	440		$	584		$	693			$	1,718
Hardware Systems Products Revenues	$	338		$	329		$	330	$	341		$	1,337	$	344		$	272		$	265			$	880
AS REPORTED GROWTH RATES
Database & Middleware		25%			(1%	)		11%		23%			15%		15%			4%			6%				7%
Applications		(19%	)		23%			47%		18%			20%		63%			(4%	)		(20%	)			0%
New Software License Revenues		12%			5%			19%		22%			16%		25%			2%			(1%	)			6%
Hardware Systems Products Revenues		*			*			246%		(13%	)		176%		2%			(17%	)		(20%	)			(12%	)
CONSTANT CURRENCY GROWTH RATES (2)
Database & Middleware		32%			7%			12%		9%			12%		5%			5%			8%				6%
Applications		(16%	)		31%			46%		7%			16%		55%			(3%	)		(18%	)			0%
New Software License Revenues		18%			12%			20%		9%			13%		15%			3%			1%				5%
Hardware Systems Products Revenues		*			*			246%		(21%	)		165%		(11%	)		(17%	)		(18%	)			(15%	)
ASIA PACIFIC
Database & Middleware	$	212		$	323		$	315	$	485		$	1,334	$	270		$	367		$	373			$	1,009
Applications		64			72			87		154			378		61			70			80				212
New Software License Revenues	$	276		$	395		$	402	$	639		$	1,712	$	331		$	437		$	453			$	1,221
Hardware Systems Products Revenues	$	198		$	181		$	199	$	217		$	797	$	210		$	185		$	194			$	589
AS REPORTED GROWTH RATES
Database & Middleware		19%			27%			28%		20%			23%		28%			14%			19%				19%
Applications		54%			(1%	)		45%		41%			33%		(4%	)		(4%	)		(8%	)			(6%	)
New Software License Revenues		26%			21%			32%		24%			25%		20%			11%			13%				14%
Hardware Systems Products Revenues		*			*			325%		(4%	)		191%		6%			2%			(3%	)			2%
CONSTANT CURRENCY GROWTH RATES (2)
Database & Middleware		13%			22%			20%		8%			15%		15%			12%			16%				14%
Applications		47%			(5%	)		34%		27%			24%		(11%	)		(6%	)		(9%	)			(9%	)
New Software License Revenues		19%			16%			23%		12%			16%		9%			8%			11%				9%
Hardware Systems Products Revenues		*			*			295%		(13%	)		173%		(5%	)		(1%	)		(6%	)			(4%	)
TOTAL COMPANY
Database & Middleware	$	937		$	1,420		$	1,575	$	2,694		$	6,626	$	1,070		$	1,479		$	1,716			$	4,265
Applications		349			579			639		1,042			2,609		428			569			658				1,656
New Software License Revenues	$	1,286		$	1,999		$	2,214	$	3,736		$	9,235	$	1,498		$	2,048		$	2,374			$	5,921
Hardware Systems Products Revenues	$	1,079		$	1,112		$	1,035	$	1,157		$	4,382	$	1,029		$	953		$	869			$	2,851
AS REPORTED GROWTH RATES
Database & Middleware		32%			21%			27%		18%			23%		14%			4%			9%				8%
Applications		10%			21%			34%		22%			23%		23%			(2%	)		3%				6%
New Software License Revenues		25%			21%			29%		19%			23%		17%			2%			7%				8%
Hardware Systems Products Revenues		*			*			279%		(6%	)		191%		(5%	)		(14%	)		(16%	)			(12%	)
CONSTANT CURRENCY GROWTH RATES (2)
Database & Middleware		32%			23%			26%		10%			19%		8%			4%			10%				7%
Applications		10%			22%			31%		16%			20%		19%			(1%	)		3%				5%
New Software License Revenues		25%			23%			27%		12%			19%		11%			3%			8%				7%
Hardware Systems Products Revenues		*			*			274%		(11%	)		184%		(11%	)		(14%	)		(16%	)			(14%	)

(1) The sum of the quarterly financial information may vary from year-to-date financial information due to rounding.

(2) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2011 and 2010 for the fiscal 2012 and fiscal 2011 constant currency growth rate calculations presented, respectively, rather than the actual exchange rates in effect during the respective periods.

* Not meaningful

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APPENDIX A

ORACLE CORPORATION

Q3 FISCAL 2012 FINANCIAL RESULTS

EXPLANATION OF NON-GAAP MEASURES

To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude certain business combination accounting entries and expenses related to acquisitions, as well as other significant expenses including stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on these non-GAAP measures. Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects:

• Software license updates and product support and hardware systems support deferred revenues: Business combination accounting rules require us to account for the fair values of software license updates and product support contracts and hardware systems support contracts assumed in connection with our acquisitions. Because these support contracts are typically one year in duration, our GAAP revenues for the one year period subsequent to our acquisition of a business do not reflect the full amount of support revenues on these assumed support contracts that would have otherwise been recorded by the acquired entity. The non-GAAP adjustment to our software license updates and product support revenues and hardware systems support revenues is intended to include, and thus reflect, the full amount of such revenues. We believe the adjustment to these support revenues is useful to investors as a measure of the ongoing performance of our business. We have historically experienced high renewal rates on our software license updates and product support contracts and our objective is to increase the renewal rates on acquired and new hardware systems support contracts; however, we cannot be certain that our customers will renew our software license updates and product support contracts or our hardware systems support contracts.

• Stock-based compensation expenses: We have excluded the effect of stock-based compensation expenses from our non-GAAP operating expenses and net income measures. Although stock-based compensation is a key incentive offered to our employees, and we believe such compensation contributed to the revenues earned during the periods presented and also believe it will contribute to the generation of future period revenues, we continue to evaluate our business performance excluding stock-based compensation expenses. Stock-based compensation expenses will recur in future periods.

• Amortization of intangible assets: We have excluded the effect of amortization of intangible assets from our non-GAAP operating expenses and net income measures. Amortization of intangible assets is inconsistent in amount and frequency and is significantly affected by the timing and size of our acquisitions. Investors should note that the use of intangible assets contributed to our revenues earned during the periods presented and will contribute to our future period revenues as well. Amortization of intangible assets will recur in future periods.

• Acquisition related and other expenses; and restructuring expenses: We have excluded the effect of acquisition related and other expenses and the effect of restructuring expenses from our non-GAAP operating expenses and net income measures. We incurred significant expenses in connection with our acquisitions and also incurred certain other operating expenses or income, which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. Acquisition related and other expenses consist of personnel related costs for transitional employees, other acquired employee related costs, stock-based compensation expenses (in addition to the stock-based compensation expenses described above), integration related professional services, certain business combination adjustments including adjustments after the measurement period has ended and changes in fair value of contingent consideration payable, and certain other operating expenses, net. Substantially all of the stock-based compensation expenses included in acquisition related and other expenses resulted from unvested options assumed in acquisitions whose vesting was fully accelerated upon termination of the employees pursuant to the original terms of those options. Restructuring expenses consist of employee severance and other exit costs. We believe it is useful for investors to understand the effects of these items on our total operating expenses. Although acquisition related expenses and restructuring expenses generally diminish over time with respect to past acquisitions, we generally will incur these expenses in connection with any future acquisitions.

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