Exhibit 99.1

For Immediate Release

Contacts:		Roy Lobo		Deborah Hellinger
		Oracle Investor Relations		Oracle Corporate Communications
		+1.650.506.4073		+1.650.506.5158
		investor_us@oracle.com		deborah.hellinger@oracle.com

ORACLE REPORTS Q2 GAAP EPS UP 36% TO 25 CENTS, NON-GAAP EPS UP 40% TO 31 CENTS

Applications New License Revenues Up 63%, Database and Middleware New License Revenues Up 28%

     REDWOOD SHORES, Calif., December 19, 2007 — Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2008 Q2 GAAP earnings per share were up 36% to $0.25, compared to the same quarter last year. Second quarter total GAAP revenues were up 28% to $5.3 billion, while quarterly GAAP net income was up 35% to $1.3 billion. Total GAAP software revenues were up 29% to $4.2 billion with GAAP new software license revenues up 38% to $1.7 billion. Database and middleware new license revenues were up 28% and applications new license revenues were up 63%. Services revenues were up 22% to $1.2 billion, compared to the same quarter last year.

     Second quarter non-GAAP earnings per share were up 40% to $0.31, and non-GAAP net income was up 38% to $1.6 billion, compared to the same quarter last year.

     “In Q1 we reported new software license revenues up 35%, the strongest growth of any quarter in ten years,” said Oracle President and CFO, Safra Catz. “In Q2 we did even better with new software license sales up 38%. GAAP EPS were up 36%; non-GAAP EPS were up 40%. We exceeded our guidance and our best case forecast with strong revenue growth across all product lines and geographies.”

     “In Q2 Oracle’s applications new license sales grew 63% compared to SAP’s new license sales growth rate of 15% in their most recently completed quarter,” said Oracle President, Charles Phillips. “We like our growth strategy of expanding beyond ERP into high-end industry specific vertical software in contrast to SAP’s strategy of moving down market to sell ERP systems to small companies.”

     “Our database and middleware new license sales grew 28% in Q2,” said CEO, Larry Ellison. “We continue to take market share from IBM in both product categories.”

Q2 Earnings Announcement

Oracle will hold a conference call and web broadcast today to discuss these results at 2:00 p.m. (PST) / 5:00 p.m. (EST). To access the live web broadcast of this event, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. Please hold down your control key while pressing refresh to ensure that the weblink is visible.

About Oracle

Oracle is the world’s largest enterprise software company. For more information about Oracle, including supplemental financial information, please visit http://www.oracle.com/investor or call Investor Relations at (650) 506-4073.

# # #

Trademarks

Oracle is a registered trademark of Oracle Corporation 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 and prospects 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 could adversely affect our revenue growth and profitability through reductions in IT budgets and expenditures. (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) We cannot assure market acceptance of new products or new versions of existing or acquired products. (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) Periodic changes to our pricing model and sales organization could temporarily disrupt operations and cause a decline or delay in sales. (6) Intense competitive forces demand rapid technological advances and frequent new product introductions, and could require us to reduce prices. 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 release is current as of December 19, 2007. Oracle undertakes no duty to update any statement in light of new information or future events.

ORACLE CORPORATION

Q2 FISCAL 2008 FINANCIAL RESULTS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)

																						% Increase
		Three Months Ended November 30,																% Increase				(Decrease)
						% of								% of				(Decrease)				in Constant
		2007				Revenues				2006				Revenues				in US $				Currency (1)
REVENUES
New software licenses		$	1,668				31%			$	1,207				29%				38%				31%
Software license updates and product support			2,491				47%				2,007				48%				24%				18%
Software Revenues			4,159				78%				3,214				77%				29%				23%
Services			1,154				22%				949				23%				22%				15%
Total Revenues			5,313				100%				4,163				100%				28%				21%
OPERATING EXPENSES
Sales and marketing			1,095				21%				915				22%				20%				14%
Software license updates and product support			246				5%				205				5%				20%				14%
Cost of services			992				19%				820				20%				21%				14%
Research and development			674				12%				519				12%				30%				27%
General and administrative			206				4%				170				4%				21%				16%
Amortization of intangible assets			290				5%				202				5%				43%				43%
Acquisition related (2)			22				0%				(36	)			(1%	)			160%				158%
Restructuring			6				0%				11				0%				(49%	)			(51%	)
Total Operating Expenses			3,531				66%				2,806				67%				26%				20%
OPERATING INCOME			1,782				34%				1,357				33%				31%				22%
Interest expense			(89	)			(2%	)			(82	)			(2%	)			8%				8%
Non-operating income, net			122				2%				79				2%				52%				48%
INCOME BEFORE PROVISION FOR INCOME TAXES			1,815				34%				1,354				33%				34%				25%
Provision for income taxes			512				9%				387				10%				32%				28%
NET INCOME		$	1,303				25%			$	967				23%				35%				24%
EARNINGS PER SHARE:
Basic		$	0.25							$	0.19								36%
Diluted		$	0.25							$	0.18								36%
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic			5,125								5,184								(1%	)
Diluted			5,232								5,287								(1%	)

(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 rate in effect on May 31, 2007, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. The United States dollar weakened relative to major international currencies in the three months ended November 30, 2007 compared with the corresponding prior year period, contributing 7 percentage points of revenue, 6 percentage points of operating expense and 9 percentage points of operating income growth.
(2)		Acquisition related costs for the three months ended November 30, 2006 include a benefit of $52 million related to the settlement of a pre-acquisition lawsuit against PeopleSoft, Inc. Please see Appendix A for further discussion.

ORACLE CORPORATION

Q2 FISCAL 2008 FINANCIAL RESULTS
RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1) (in millions, except per share data)

																										% Increase (Decrease)
		Three Months Ended November 30,																								in US $
		2007								2007				2006								2006
		GAAP				Adj.				Non-GAAP				GAAP				Adj.				Non-GAAP				GAAP				Non-GAAP
TOTAL REVENUES (2)		$	5,313			$	51			$	5,364			$	4,163			$	53			$	4,216				28	%			27	%
TOTAL SOFTWARE REVENUES (2)		$	4,159			$	51			$	4,210			$	3,214			$	53			$	3,267				29	%			29	%
New software licenses			1,668				—				1,668				1,207				—				1,207				38	%			38	%
Software license updates and product support (2)			2,491				51				2,542				2,007				53				2,060				24	%			23	%
TOTAL OPERATING EXPENSES		$	3,531			$	(381	)		$	3,150			$	2,806			$	(224	)		$	2,582				26	%			22	%
Stock-based compensation (3)			63				(63	)			—				47				(47	)			—				35	%
Amortization of intangible assets (4)			290				(290	)			—				202				(202	)			—				43	%
Acquisition related			22				(22	)			—				(36	)			36				—				160	%
Restructuring			6				(6	)			—				11				(11	)			—				(49	%)
OPERATING INCOME		$	1,782			$	432			$	2,214			$	1,357			$	277			$	1,634				31	%			36	%
OPERATING MARGIN %			34	%							41	%			33	%							39	%			1	%			2	%
INCOME TAX EFFECTS ON ABOVE ADJUSTMENTS (5)		$	512			$	122			$	634			$	387			$	79			$	466				32	%			36	%
NET INCOME		$	1,303			$	310			$	1,613			$	967			$	198			$	1,165				35	%			38	%
DILUTED EARNINGS PER SHARE (6)		$	0.25							$	0.31			$	0.18							$	0.22				36	%			40	%
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (6)			5,232				1				5,233				5,287				16				5,303				(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 condensed 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)		As of November 30, 2007, approximately $31 million in estimated revenues related to assumed support contracts will not be recognized in fiscal 2008 due to business combination accounting rules.
(3)		Stock-based compensation is included in the following GAAP operating expense categories:

		Three Months Ended												Three Months Ended
		November 30, 2007												November 30, 2006
		GAAP				Adj.				Non-GAAP				GAAP				Adj.				Non-GAAP
Sales and marketing		$	13			$	(13	)		$	—			$	8			$	(8	)		$	—
Software license updates and product support			3				(3	)			—				3				(3	)			—
Cost of services			3				(3	)			—				3				(3	)			—
Research and development			25				(25	)			—				21				(21	)			—
General and administrative			19				(19	)			—				12				(12	)			—
Subtotal			63				(63	)			—				47				(47	)			—
Acquisition related			4				(4	)			—				—				—				—
Total stock-based compensation		$	67			$	(67	)		$	—			$	47			$	(47	)		$	—

(4) Estimated future annual amortization expense related to intangible assets as of November 30, 2007 is as follows:

Remainder of Fiscal 2008		$	616
Fiscal 2009			1,146
Fiscal 2010			1,022
Fiscal 2011			793
Fiscal 2012			658
Fiscal 2013			308
Thereafter			1,140
Total		$	5,683

(5)		The income tax provision was calculated reflecting an effective tax rate of 28.2% and 28.6% in the second quarter of fiscal 2008 and 2007, respectively.
(6)		Non-GAAP diluted earnings per share and non-GAAP diluted weighted average shares outstanding were calculated excluding the effects of expensing stock options under Statement 123R.

ORACLE CORPORATION

Q2 FISCAL 2008 YEAR TO DATE FINANCIAL RESULTS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data)

																						% Increase
		Six Months Ended November 30,																% Increase				(Decrease)
						% of								% of				(Decrease)				in Constant
		2007				Revenues				2006				Revenues				in US $				Currency (1)
REVENUES
New software licenses		$	2,756				28	%		$	2,011				26	%			37	%			31	%
Software license updates and product support			4,873				50	%			3,948				51	%			23	%			18	%
Software Revenues			7,629				78	%			5,959				77	%			28	%			23	%
Services			2,213				22	%			1,795				23	%			23	%			17	%
Total Revenues			9,842				100	%			7,754				100	%			27	%			22	%
OPERATING EXPENSES
Sales and marketing			2,070				21	%			1,665				21	%			24	%			19	%
Software license updates and product support			474				5	%			404				5	%			17	%			12	%
Cost of services			1,922				20	%			1,599				21	%			20	%			14	%
Research and development			1,326				13	%			1,026				14	%			29	%			27	%
General and administrative			402				4	%			328				4	%			23	%			18	%
Amortization of intangible assets			575				6	%			401				5	%			44	%			43	%
Acquisition related (2)			68				0	%			12				0	%			467	%			453	%
Restructuring			6				0	%			20				0	%			(71	%)			(73	%)
Total Operating Expenses			6,843				69	%			5,455				70	%			25	%			21	%
OPERATING INCOME			2,999				31	%			2,299				30	%			30	%			23	%
Interest expense			(183	)			(2	%)			(166	)			(2	%)			10	%			10	%
Non-operating income, net			199				2	%			183				2	%			9	%			6	%
INCOME BEFORE PROVISION FOR INCOME TAXES			3,015				31	%			2,316				30	%			30	%			23	%
Provision for income taxes			871				9	%			679				9	%			28	%			26	%
NET INCOME		$	2,144				22	%		$	1,637				21	%			31	%			22	%
EARNINGS PER SHARE:
Basic		$	0.42							$	0.31								33	%
Diluted		$	0.41							$	0.31								33	%
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic			5,117								5,200								(2	%)
Diluted			5,224								5,297								(1	%)

(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 rate in effect on May 31, 2007, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. The United States dollar weakened relative to major international currencies in the six months ended November 30, 2007 compared with the corresponding prior year period, contributing 5 percentage points of revenue, 4 percentage points of operating expense and 7 percentage points of operating income growth.
(2)		Acquisition related costs for the six months ended November 30, 2006 include a benefit of $52 million related to the settlement of a pre-acquisition lawsuit against PeopleSoft, Inc. Please see Appendix A for further discussion.

ORACLE CORPORATION

Q2 FISCAL 2008 YEAR TO DATE FINANCIAL RESULTS
RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1) (in millions, except per share data)

																										% Increase (Decrease)
		Six Months Ended November 30,																								in US $
		2007								2007				2006								2006
		GAAP				Adj.				Non-GAAP				GAAP				Adj.				Non-GAAP				GAAP				Non-GAAP
TOTAL REVENUES (2)		$	9,842			$	115			$	9,957			$	7,754			$	122			$	7,876				27	%			26	%
TOTAL SOFTWARE REVENUES (2)		$	7,629			$	115			$	7,744			$	5,959			$	122			$	6,081				28	%			27	%
New software licenses			2,756				—				2,756				2,011				—				2,011				37	%			37	%
Software license updates and product support (2)			4,873				115				4,988				3,948				122				4,070				23	%			23	%
TOTAL OPERATING EXPENSES		$	6,843			$	(780	)		$	6,063			$	5,455			$	(530	)		$	4,925				25	%			23	%
Stock-based compensation (3)			131				(131	)			—				97				(97	)			—				36	%
Amortization of intangible assets (4)			575				(575	)			—				401				(401	)			—				44	%
Acquisition related			68				(68	)			—				12				(12	)			—				467	%
Restructuring			6				(6	)			—				20				(20	)			—				(71	%)
OPERATING INCOME		$	2,999			$	895			$	3,894			$	2,299			$	652			$	2,951				30	%			32	%
OPERATING MARGIN %			31	%							39	%			30	%							37	%			1	%			2	%
INCOME TAX EFFECTS ON ABOVE ADJUSTMENTS (5)		$	871			$	259			$	1,130			$	679			$	193			$	872				28	%			30	%
NET INCOME		$	2,144			$	636			$	2,780			$	1,637			$	459			$	2,096				31	%			33	%
DILUTED EARNINGS PER SHARE (6)		$	0.41							$	0.53			$	0.31							$	0.39				33	%			35	%
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (6)			5,224				3				5,227				5,297				12				5,309				(1	%)			(2	%)

(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 condensed 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)		As of November 30, 2007, approximately $31 million in estimated revenues related to assumed support contracts will not be recognized in fiscal 2008 due to business combination accounting rules.
(3)		Stock-based compensation is included in the following GAAP operating expenses:

		Six Months Ended												Six Months Ended
		November 30, 2007												November 30, 2006
		GAAP				Adj.				Non-GAAP				GAAP				Adj.				Non-GAAP
Sales and marketing		$	26			$	(26	)		$	—			$	18			$	(18	)		$	—
Software license updates and product support			7				(7	)			—				6				(6	)			—
Cost of services			8				(8	)			—				6				(6	)			—
Research and development			52				(52	)			—				43				(43	)			—
General and administrative			38				(38	)			—				24				(24	)			—
Subtotal			131				(131	)			—				97				(97	)			—
Acquisition related			37				(37	)			—				1				(1	)			—
Total stock-based compensation		$	168			$	(168	)		$	—			$	98			$	(98	)		$	—

(4) Estimated future amortization expense related to intangible assets as of November 30, 2007 is as follows:

Remainder of Fiscal 2008		$	616
Fiscal 2009			1,146
Fiscal 2010			1,022
Fiscal 2011			793
Fiscal 2012			658
Fiscal 2013			308
Thereafter			1,140
Total		$	5,683

(5)		The income tax provision was calculated reflecting a tax rate of 28.9% and 29.3% in the first six months of fiscal 2008 and 2007, respectively.
(6)		Non-GAAP diluted earnings per share and non-GAAP diluted weighted average shares outstanding were calculated excluding the effects of expensing stock options under Statement 123R.

ORACLE CORPORATION

Q2 FISCAL 2008 FINANCIAL RESULTS
CONDENSED CONSOLIDATED BALANCE SHEETS ($ in millions)

		November 30,				May 31,
		2007				2007
ASSETS
Current Assets:
Cash and cash equivalents		$	6,733			$	6,218
Marketable securities			1,699				802
Trade receivables, net			3,264				4,074
Deferred tax assets			969				968
Other current assets			893				821
Total Current Assets			13,558				12,883
Non-Current Assets:
Property, net			1,655				1,603
Intangible assets, net			5,683				5,964
Goodwill			13,663				13,479
Deferred tax assets			412				48
Other assets			682				595
Total Non-Current Assets			22,095				21,689
TOTAL ASSETS		$	35,653			$	34,572
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Commercial paper and other short-term borrowings		$	2			$	1,358
Accounts payable			346				315
Income taxes payable			—				1,237
Accrued compensation and related benefits			1,191				1,349
Accrued restructuring			169				201
Deferred revenues			3,577				3,492
Other current liabilities			1,264				1,435
Total Current Liabilities			6,549				9,387
Non-Current Liabilities:
Notes payable, non-current			6,236				6,235
Income taxes payable			1,382				—
Deferred tax liabilities			1,045				1,121
Accrued restructuring			243				258
Deferred revenues			263				93
Minority interests			338				316
Other long-term liabilities			302				243
Total Non-Current Liabilities			9,809				8,266
Stockholders’ Equity			19,295				16,919
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	35,653			$	34,572

ORACLE CORPORATION

Q2 FISCAL 2008 FINANCIAL RESULTS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ($ in millions)

		Six Months Ended November 30,
		2007				2006
Cash Flows From Operating Activities:
Net income		$	2,144			$	1,637
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation			137				124
Amortization of intangible assets			575				401
Deferred income taxes			(72	)			5
Minority interests in income			29				32
Stock-based compensation			168				98
Tax benefit on the exercise of stock options			262				205
Excess tax benefits from stock-based compensation			(187	)			(159	)
In-process research and development			7				50
Net investment gains related to equity securities			(2	)			(18	)
Changes in operating assets and liabilities, net of effects from acquisitions:
Decrease in trade receivables, net			937				681
Decrease in prepaid expenses and other assets			27				23
Decrease in accounts payable and other liabilities			(551	)			(855	)
Decrease in income taxes payable			(241	)			(196	)
Increase (decrease) in deferred revenues			70				(162	)
Net cash provided by operating activities			3,303				1,866
Cash Flows From Investing Activities:
Purchases of marketable securities and investments			(1,953	)			(4,251	)
Proceeds from maturities and sales of marketable securities and investments			1,273				2,204
Acquisitions, net of cash acquired			(651	)			(488	)
Capital expenditures			(156	)			(106	)
Net cash used for investing activities			(1,487	)			(2,641	)
Cash Flows From Financing Activities:
Payments for repurchases of common stock			(1,023	)			(1,936	)
Proceeds from issuance of common stock			682				566
Payments of debt			(1,362	)			(8	)
Excess tax benefits from stock-based compensation			187				159
Distributions to minority interests			(28	)			(29	)
Net cash used for financing activities			(1,544	)			(1,248	)
Effect of exchange rate changes on cash and cash equivalents			243				48
Net increase (decrease) in cash and cash equivalents			515				(1,975	)
Cash and cash equivalents at beginning of period			6,218				6,659
Cash and cash equivalents at end of period		$	6,733			$	4,684

ORACLE CORPORATION

Q2 FISCAL 2008 FINANCIAL RESULTS
FREE CASH FLOW — TRAILING 4-QUARTERS (1) ($ in millions)

		Fiscal 2007																Fiscal 2008
		Q1				Q2				Q3				Q4				Q1				Q2				Q3				Q4
GAAP Operating Cash Flow		$	4,706			$	4,651			$	4,984			$	5,520			$	6,598			$	6,957
Capital Expenditures (2)			(233	)			(256	)			(258	)			(319	)			(357	)			(369	)
Free Cash Flow		$	4,473			$	4,395			$	4,726			$	5,201			$	6,241			$	6,588
% Growth over prior year			32	%			32	%			29	%			21	%			40	%			50	%
GAAP Net Income		$	3,532			$	3,702			$	3,970			$	4,274			$	4,444			$	4,781
Free Cash Flow as a % of Net Income			127	%			119	%			119	%			122	%			140	%			138	%

(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.

ORACLE CORPORATION

Q2 FISCAL 2008 FINANCIAL RESULTS
SUPPLEMENTAL ANALYSIS OF GAAP REVENUES AND HEADCOUNT (1) (in millions, except headcount data)

		Fiscal 2007																				Fiscal 2008
		Q1				Q2				Q3				Q4				TOTAL				Q1				Q2				Q3				Q4				TOTAL
REVENUES
New software licenses		$	804			$	1,207			$	1,390			$	2,481			$	5,882			$	1,087			$	1,668											$	2,756
Software license updates and product support			1,941				2,007				2,108				2,272				8,329				2,383				2,491												4,873
Software Revenues			2,745				3,214				3,498				4,753				14,211				3,470				4,159												7,629
Consulting			640				716				694				819				2,869				801				877												1,678
On Demand			125				140				142				151				557				158				167												325
Education			81				93				80				105				359				100				110												210
Services Revenues			846				949				916				1,075				3,785				1,059				1,154												2,213
Total Revenues		$	3,591			$	4,163			$	4,414			$	5,828			$	17,996			$	4,529			$	5,313											$	9,842
AS REPORTED REVENUE GROWTH RATES
New software licenses			28	%			14	%			27	%			17	%			20	%			35	%			38	%											37	%
Software license updates and product support			29	%			29	%			24	%			21	%			25	%			23	%			24	%											23	%
Software Revenues			29	%			23	%			25	%			19	%			23	%			26	%			29	%											28	%
Consulting			33	%			42	%			38	%			30	%			35	%			25	%			23	%											24	%
On Demand			49	%			61	%			48	%			16	%			40	%			27	%			20	%											23	%
Education			13	%			14	%			8	%			10	%			11	%			24	%			17	%											20	%
Services Revenues			33	%			41	%			36	%			26	%			33	%			25	%			22	%											23	%
Total Revenues			30	%			26	%			27	%			20	%			25	%			26	%			28	%											27	%
CONSTANT CURRENCY GROWTH RATES
New software licenses			26	%			10	%			23	%			13	%			17	%			32	%			31	%											31	%
Software license updates and product support			27	%			25	%			20	%			17	%			22	%			19	%			18	%											18	%
Software Revenues			27	%			19	%			21	%			15	%			20	%			23	%			23	%											23	%
Consulting			31	%			37	%			34	%			24	%			31	%			20	%			15	%											18	%
On Demand			47	%			56	%			43	%			12	%			37	%			23	%			15	%											19	%
Education			11	%			11	%			4	%			6	%			8	%			20	%			10	%											15	%
Services Revenues			31	%			36	%			32	%			20	%			29	%			21	%			15	%											17	%
Total Revenues			28	%			23	%			23	%			16	%			22	%			22	%			21	%											22	%
GEOGRAPHIC REVENUES
REVENUES
Americas		$	1,956			$	2,170			$	2,315			$	3,018			$	9,460			$	2,375			$	2,674											$	5,049
Europe, Middle East & Africa			1,140				1,422				1,484				1,992				6,037				1,530				1,865												3,394
Asia Pacific			495				571				615				818				2,499				624				774												1,399
Total Revenues		$	3,591			$	4,163			$	4,414			$	5,828			$	17,996			$	4,529			$	5,313											$	9,842
HEADCOUNT (2)
GEOGRAPHIC AREA
Americas			26,798				27,444				27,874				29,830								30,455				30,654
Europe, Middle East & Africa			14,199				14,640				14,758				15,680								15,985				16,140
Asia Pacific			24,129				26,350				27,850				29,164								31,212				32,855
Total Company			65,126				68,434				70,482				74,674								77,652				79,649

(1)		The sum of the quarterly financial information may vary from year-to-date financial information due to rounding.
(2)		Headcount has increased primarily due to our acquisitions.

ORACLE CORPORATION

Q2 FISCAL 2008 FINANCIAL RESULTS
SUPPLEMENTAL TOTAL SOFTWARE PRODUCT REVENUE ANALYSIS (1) ($ in millions)

		Fiscal 2007																				Fiscal 2008
		Q1				Q2				Q3				Q4				TOTAL				Q1				Q2				Q3				Q4				TOTAL
APPLICATIONS REVENUES
New software licenses		$	228			$	340			$	423			$	726			$	1,716			$	376			$	553											$	929
Software license updates and product support			703				728				769				832				3,032				886				929												1,815
Software Revenues		$	931			$	1,068			$	1,192			$	1,558			$	4,748			$	1,262			$	1,482											$	2,744
AS REPORTED GROWTH RATES
New software licenses			80	%			28	%			57	%			13	%			32	%			65	%			63	%											64	%
Software license updates and product support			51	%			45	%			27	%			23	%			35	%			26	%			28	%											27	%
Software Revenues			57	%			39	%			36	%			18	%			34	%			36	%			39	%											37	%
CONSTANT CURRENCY GROWTH RATES
New software licenses			78	%			25	%			52	%			10	%			29	%			61	%			56	%											58	%
Software license updates and product support			49	%			41	%			23	%			19	%			32	%			22	%			21	%											22	%
Software Revenues			55	%			35	%			32	%			15	%			31	%			32	%			32	%											32	%
DATABASE & MIDDLEWARE REVENUES
New software licenses		$	576			$	867			$	967			$	1,755			$	4,166			$	711			$	1,115											$	1,827
Software license updates and product support			1,238				1,279				1,339				1,440				5,297				1,497				1,562												3,058
Software Revenues		$	1,814			$	2,146			$	2,306			$	3,195			$	9,463			$	2,208			$	2,677											$	4,885
AS REPORTED GROWTH RATES
New software licenses			15	%			9	%			17	%			18	%			16	%			23	%			29	%											27	%
Software license updates and product support			19	%			21	%			22	%			20	%			21	%			21	%			22	%											21	%
Software Revenues			18	%			16	%			20	%			19	%			18	%			22	%			25	%											23	%
CONSTANT CURRENCY GROWTH RATES
New software licenses			13	%			5	%			13	%			15	%			12	%			20	%			22	%											21	%
Software license updates and product support			18	%			18	%			19	%			17	%			18	%			17	%			16	%											17	%
Software Revenues			16	%			13	%			16	%			16	%			15	%			18	%			18	%											18	%

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

ORACLE CORPORATION

Q2 FISCAL 2008 FINANCIAL RESULTS
SUPPLEMENTAL GEOGRAPHIC NEW SOFTWARE LICENSE REVENUE ANALYSIS (1) (2) ($ in millions)

		Fiscal 2007																				Fiscal 2008
		Q1				Q2				Q3				Q4				TOTAL				Q1				Q2				Q3				Q4				TOTAL
AMERICAS
Database & Middleware		$	232			$	333			$	383			$	795			$	1,743			$	286			$	438											$	724
Applications			126				195				250				415				986				199				306												505
New Software License Revenues		$	358			$	528			$	633			$	1,210			$	2,729			$	485			$	744											$	1,229
AS REPORTED GROWTH RATES
Database & Middleware			19	%			2	%			15	%			20	%			15	%			23	%			32	%											28	%
Applications			69	%			19	%			69	%			5	%			26	%			58	%			57	%											57	%
New Software License Revenues			33	%			8	%			31	%			14	%			19	%			35	%			41	%											39	%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware			18	%			2	%			15	%			19	%			14	%			22	%			29	%											26	%
Applications			69	%			19	%			69	%			4	%			26	%			57	%			54	%											55	%
New Software License Revenues			32	%			7	%			31	%			13	%			18	%			34	%			38	%											37	%
EUROPE / MIDDLE EAST / AFRICA
Database & Middleware		$	184			$	341			$	363			$	619			$	1,507			$	253			$	420											$	673
Applications			69				101				124				224				518				123				174												297
New Software License Revenues		$	253			$	442			$	487			$	843			$	2,025			$	376			$	594											$	970
AS REPORTED GROWTH RATES
Database & Middleware			12	%			21	%			15	%			20	%			18	%			38	%			23	%											28	%
Applications			83	%			35	%			29	%			42	%			42	%			77	%			72	%											74	%
New Software License Revenues			25	%			24	%			18	%			25	%			23	%			49	%			34	%											40	%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware			8	%			11	%			6	%			12	%			10	%			30	%			12	%											19	%
Applications			78	%			25	%			19	%			34	%			33	%			69	%			58	%											62	%
New Software License Revenues			21	%			14	%			9	%			18	%			15	%			41	%			23	%											29	%
ASIA PACIFIC
Database & Middleware		$	149			$	185			$	213			$	322			$	869			$	155			$	244											$	399
Applications			33				44				49				87				212				54				73												127
New Software License Revenues		$	182			$	229			$	262			$	409			$	1,081			$	209			$	317											$	526
AS REPORTED GROWTH RATES
Database & Middleware			12	%			5	%			26	%			10	%			13	%			4	%			32	%											19	%
Applications			126	%			58	%			89	%			(1	%)			36	%			67	%			66	%											67	%
New Software License Revenues			23	%			12	%			34	%			8	%			17	%			15	%			39	%											28	%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware			13	%			2	%			24	%			7	%			11	%			1	%			26	%											15	%
Applications			124	%			53	%			83	%			(4	%)			33	%			60	%			57	%											58	%
New Software License Revenues			24	%			9	%			32	%			5	%			15	%			12	%			32	%											23	%
TOTAL COMPANY
Database & Middleware		$	565			$	859			$	959			$	1,736			$	4,119			$	694			$	1,102											$	1,796
Applications			228				340				423				726				1,716				376				553												929
New Software License Revenues		$	793			$	1,199			$	1,382			$	2,462			$	5,835			$	1,070			$	1,655											$	2,725
AS REPORTED GROWTH RATES
Database & Middleware			15	%			9	%			17	%			18	%			15	%			23	%			28	%											26	%
Applications			80	%			28	%			57	%			13	%			32	%			65	%			63	%											64	%
New Software License Revenues			28	%			14	%			27	%			17	%			20	%			35	%			38	%											37	%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware			13	%			5	%			13	%			14	%			12	%			19	%			21	%											21	%
Applications			78	%			25	%			52	%			10	%			29	%			61	%			56	%											58	%
New Software License Revenues			27	%			10	%			23	%			13	%			16	%			31	%			31	%											31	%

(1)		The sum of the quarterly financial information may vary from year-to-date financial information due to rounding.
(2)		New Software License Revenues presented exclude documentation and miscellaneous revenues.

APPENDIX A

ORACLE CORPORATION
Q2 FISCAL 2008 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 table, 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:

• Support deferred revenue: Business combination accounting rules require us to account for the fair value of support contracts assumed in connection with our acquisitions. Because these are typically one-year contracts, our GAAP revenues for the one-year period subsequent to our acquisitions do not reflect the full amount of software license updates and product support revenues on assumed support contracts that would have otherwise been recorded by the acquired entities. The non-GAAP adjustment is intended to reflect the full amount of such revenues. We believe this adjustment is useful to investors as a measure of the ongoing performance of our business because we have historically experienced high renewal rates on support contracts, although we cannot be certain that customers will renew these contracts.

• Stock-based compensation expenses: We have excluded the effect of stock-based compensation expenses from our non-GAAP operating expenses and net income. 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 expenses: We have excluded the effect of amortization of intangibles from our non-GAAP operating expenses and net income. Amortization of intangible assets expense 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 revenues earned during the periods presented and will contribute to future period revenues as well. Amortization expenses will recur in future periods.

• Acquisition related charges and restructuring expenses: We incurred significant expenses in connection with acquisitions, which we would not have otherwise incurred in the periods presented. Acquisition related charges primarily consist of in-process research and development expenses, integration-related professional services, stock-based compensation expenses (in addition to the stock-based compensation expenses described above) and personnel related expenses for transitional employees. Stock-based compensation expenses included in acquisition related charges primarily resulted from unvested options assumed in acquisitions whose vesting was fully accelerated upon termination of the employees pursuant to the terms of the options. Restructuring expenses consist of Oracle employee severance and other exit costs, generally in connection with our acquisitions. We believe it is useful for investors to understand the effect of these expenses on our cost structure. Although acquisition related charges and restructuring costs are not recurring with respect to past acquisitions, we will incur these expenses in connection with future acquisitions.

For the three and six months ended November 30, 2006, acquisition related charges also included a benefit related to the settlement of a lawsuit filed against PeopleSoft, Inc. on behalf of the U.S. government. This lawsuit was filed in October 2003, prior to our acquisition of PeopleSoft and represented a pre-acquisition contingency that we identified and assumed in connection with our acquisition of PeopleSoft. In October 2006, we agreed to pay the U.S. government $98 million to settle this lawsuit. Business combination accounting standards require that after the end of the purchase price allocation period, any adjustment that results from a pre-acquisition contingency should be included as an element of net income in the period of settlement, versus an adjustment to the original purchase price allocation. Since the purchase price allocation period for PeopleSoft ended in the third quarter of fiscal 2006, the favorable difference of $52 million between the estimated exposure recorded for this lawsuit during the purchase price allocation period and the actual settlement amount has been included in our consolidated statement of operations for the three and six months ended November 30, 2006 as a component of acquisition related charges.