Oracle Corp. (Nasdaq: ORCL) announced strong earnings for its fiscal fourth quarter and year 2005 today, and execs credit its grid computing advances.
Oracle posted GAAP revenues of $11.8 billion for fiscal 2005, up 16 percent from the previous year. Non-GAAP revenues rose 19 percent from 2004 to $12.1 billion. Analysts had estimated revenues of $11.94 billion (see Oracle Reports Q4 Results).
For 2005, Oracle's GAAP earnings per share increased 10 percent to 55 cents on net income of $2.9 billion. Non-GAAP earnings per share rose 31 percent to 68 cents on $3.5 billion net income. This figure topped analyst estimates of 65 cents.
For the quarter, the software vendors GAAP revenues rose 26 percent to $3.88 billion, and non-GAAP revenues were up 32 percent to $4.06 billion. Analysts had estimated revenues of $3.89 billion.
Fourth-quarter GAAP earnings per share were up 4 percent to 20 cents on net income of $1.02 billion. Oracles non-GAAP EPS was up 36 percent to 26 cents on net income of $1.36 billion. This figure came in above analyst estimates of 23 cents.