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REDWOOD SHORES, CA -- (Marketwired) -- 09/18/14 -- Oracle Corporation (NYSE: ORCL) today announced that fiscal 2015 Q1 total revenues were up 3% to $8.6 billion. Total Software plus Cloud revenue was up 6% to $6.6 billion. Software-as-a-service (SaaS) and Platform-as-a-service (PaaS) cloud revenue was up 32% to $337 million. Infrastructure-as-a-service (IaaS) cloud revenue was up 26% to $138 million. Hardware systems revenue was down 8% to $1.2 billion. GAAP operating income was up 3% to $3.0 billion, and the GAAP operating margin was 34%. Non-GAAP operating income was up 2% to $3.8 billion, and the non-GAAP operating margin was 44%. GAAP net income was unchanged at $2.2 billion while non-GAAP net income was up 2% at $2.8 billion. GAAP earnings per share were $0.48, up 2% compared to last year while non-GAAP earnings per share were $0.62, up 4%. GAAP operating cash flow on a trailing twelve-month basis was $15.4 billion.

"We are increasing our cloud services growth rate while simultaneously delivering record levels of cash flow," said Oracle CEO, Safra Catz. "In Q1, our overall cloud services business grew more than 30% to $475 million in revenue. At the same time, we delivered an all-time record operating cash flow up 7% to $6.7 billion. We are laser focused on two goals: growing our cloud business and growing our cash flow. We're off to a good start in FY15."

"Our internally developed Fusion cloud applications business grew at a rate of nearly 200% in the quarter," said Oracle CEO, Mark Hurd. "As our hyper-growth Fusion applications become a larger and larger portion of our total SaaS sales, that will drive up our overall cloud services growth rate. Our cloud business is already three times the size of Workday, but we won't be satisfied until we're number one in the cloud."

"Next week at Oracle Open World, we will be rolling out our database cloud service," said Oracle Executive Chairman and Chief Technology Officer, Larry Ellison. "Database is our largest software business, and database will be our largest cloud service. With our new multitenant Database as a Service offering, our customers and ISV's can move any of their existing Oracle databases and applications to the Oracle Cloud with the push of a button."

The Board of Directors also declared a quarterly cash dividend of $0.12 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 8, 2014, with a payment date of October 29, 2014.

Oracle also announced that its Board of Directors authorized the repurchase of up to an additional $13.0 billion of common stock under its existing share repurchase program in future quarters.

Q1 Fiscal 2015 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 (816) 287-5563, Passcode: 425392. To access the live webcast of this event, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle's Q1 results and Fiscal 2015 financial tables are available on the Oracle Investor Relations website.

A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 99926438.

About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE: 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 our cloud services growth rate, growing our cash flow, our plans to be number one in the cloud, our Database as a Service offering and that database will be our largest cloud service, 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, geopolitical and market conditions, including the continued slow economic recovery in the U.S. and other parts of the world, 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 support contracts. (3) Our cloud computing strategy, including our Oracle Cloud Software-as-a-Service, Platform-as-a-Service, Infrastructure-as-a-Service and our new Database as a Service offerings, may not be successful. (4) 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, cloud software subscriptions or hardware systems products or purchase or renew support contracts. (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. (6) If the security measures for our software, hardware, services or Oracle Cloud offerings are compromised or if such offerings contain significant coding, manufacturing or configuration errors, we may experience reputational harm, legal claims and financial exposure. (7) 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. 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 September 18, 2014. Oracle undertakes no duty to update any statement in light of new information or future events.

                             ORACLE CORPORATION

                      Q1 FISCAL 2015 FINANCIAL RESULTS
               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                   ($ in millions, except per share data)


                        Three Months Ended August 31,
                       -------------------------------
                                                                  % Increase
                                                                  (Decrease)
                                                                      in
                                                       % Increase  Constant
                                % of            % of   (Decrease)  Currency
                        2014  Revenues  2013  Revenues   in US $      (1)
                       ------ -------- ------ -------- ---------- ----------
REVENUES
  New software
   licenses            $1,370    16%   $1,399    17%      (2%)       (2%)
  Cloud software-as-a-
   service and
   platform-as-a-
   service                337    4%       254    3%        32%        32%
  Cloud
   infrastructure-as-
   a-service              138    1%       109    1%        26%        25%
  Software license
   updates and product
   support              4,731    55%    4,431    53%       7%         6%
                       ------ -------- ------ --------
    Software and Cloud
     Revenues           6,576    76%    6,193    74%       6%         6%
                       ------ -------- ------ --------
  Hardware systems
   products               578    7%       669    8%       (14%)      (14%)
  Hardware systems
   support                587    7%       592    7%       (1%)       (2%)
                       ------ -------- ------ --------
    Hardware Systems
     Revenues           1,165    14%    1,261    15%      (8%)       (8%)
                       ------ -------- ------ --------
    Services Revenues     855    10%      918    11%      (7%)       (8%)
                       ------ -------- ------ --------
      Total Revenues    8,596   100%    8,372   100%       3%         2%
                       ------ -------- ------ --------

OPERATING EXPENSES
  Sales and marketing   1,706    20%    1,620    19%       5%         5%
  Cloud software-as-a-
   service and
   platform-as-a-
   service                149    2%       102    1%        47%        45%
  Cloud
   infrastructure-as-
   a-service               79    1%        72    1%        10%        9%
  Software license
   updates and product
   support                272    3%       288    3%       (5%)       (6%)
  Hardware systems
   products               298    4%       330    4%       (10%)      (10%)
  Hardware systems
   support                192    2%       209    3%       (8%)       (9%)
  Services                691    8%       720    9%       (4%)       (5%)
  Research and
   development          1,329    16%    1,237    15%       7%         7%
  General and
   administrative         276    3%       260    3%        6%         5%
  Amortization of
   intangible assets      547    6%       595    7%       (8%)       (8%)
  Acquisition related
   and other               25    0%        10    0%       138%       134%
  Restructuring            69    1%        56    1%        23%        21%
                       ------ -------- ------ --------
      Total Operating
       Expenses         5,633    66%    5,499    66%       2%         2%
                       ------ -------- ------ --------

OPERATING INCOME        2,963    34%    2,873    34%       3%         2%
  Interest expense       (261)  (3%)     (217)  (2%)       21%        21%
  Non-operating
   income, net             16    0%         7    0%       144%        80%
                       ------ -------- ------ --------

INCOME BEFORE
 PROVISION FOR INCOME
 TAXES                  2,718    31%    2,663    32%       2%         1%
                       ------ -------- ------ --------
  Provision for income
   taxes                  534    6%       472    6%        13%        12%
                       ------ -------- ------ --------

NET INCOME             $2,184    25%   $2,191    26%       0%        (1%)
                       ====== ======== ====== ========

EARNINGS PER SHARE:
  Basic                $ 0.49          $ 0.48
  Diluted              $ 0.48          $ 0.47

WEIGHTED AVERAGE
 COMMON SHARES
 OUTSTANDING:
  Basic                 4,451           4,608
  Diluted               4,548           4,674

(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, 2014, 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 August 31, 2014
    compared with the corresponding prior year period increased our revenues
    by 1 percentage point and operating income by 1 percentage point.



                             ORACLE CORPORATION

                      Q1 FISCAL 2015 FINANCIAL RESULTS
      RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

                   ($ in millions, except per share data)

                               Three Months Ended August 31,
                 ---------------------------------------------------------
                   2014               2014      2013             2013 Non-
                   GAAP      Adj.   Non-GAAP    GAAP      Adj.      GAAP
                 --------  -------  --------  --------  -------  ---------

TOTAL REVENUES
 (3) (4)         $  8,596  $     3  $  8,599  $  8,372  $     9  $   8,381

TOTAL SOFTWARE
 AND CLOUD
 REVENUES (3)    $  6,576  $     2  $  6,578  $  6,193  $     4  $   6,197
  New software
   licenses         1,370        -     1,370     1,399        -      1,399
  Cloud software-
   as-a-service
   and platform-
   as-a-service
   (3)                337        2       339       254        3        257
  Cloud
   infrastructure
   -as-a-service      138        -       138       109        -        109
  Software
   license
   updates and
   product
   support          4,731        -     4,731     4,431        1      4,432

TOTAL HARDWARE
 SYSTEMS REVENUES
 (4)             $  1,165  $     1  $  1,166  $  1,261  $     5  $   1,266
  Hardware
   systems
   products           578        -       578       669        -        669
  Hardware
   systems
   support (4)        587        1       588       592        5        597

TOTAL OPERATING
 EXPENSES        $  5,633  $  (853) $  4,780  $  5,499  $  (859) $   4,640
  Stock-based
   compensation
   (5)                212     (212)        -       198     (198)         -
  Amortization of
   intangible
   assets (6)         547     (547)        -       595     (595)         -
  Acquisition
   related and
   other               25      (25)        -        10      (10)         -
  Restructuring        69      (69)        -        56      (56)         -

OPERATING INCOME $  2,963  $   856  $  3,819  $  2,873  $   868  $   3,741

OPERATING MARGIN%      34%                44%       34%                 45%
INCOME TAX
 EFFECTS (7)     $    534  $   234  $    768  $    472  $   298  $     770

NET INCOME       $  2,184  $   622  $  2,806  $  2,191  $   570  $   2,761

DILUTED EARNINGS
 PER SHARE       $   0.48           $   0.62  $   0.47           $    0.59

DILUTED WEIGHTED
 AVERAGE COMMON
 SHARES
 OUTSTANDING        4,548        -     4,548     4,674        -      4,674


                                       % Increase (Decrease)
                 % Increase (Decrease)  in Constant Currency
                        in US $                 (2)
                 --------------------- ---------------------
                    GAAP     Non-GAAP     GAAP     Non-GAAP
                 ---------- ---------- ---------- ----------

TOTAL REVENUES
 (3) (4)             3%         3%         2%         2%

TOTAL SOFTWARE
 AND CLOUD
 REVENUES (3)        6%         6%         6%         6%
  New software
   licenses         (2%)       (2%)       (2%)       (2%)
  Cloud software-
   as-a-service
   and platform-
   as-a-service
   (3)               32%        32%        32%        31%
  Cloud
   infrastructure
   -as-a-service     26%        26%        25%        25%
  Software
   license
   updates and
   product
   support           7%         7%         6%         6%

TOTAL HARDWARE
 SYSTEMS REVENUES
 (4)                (8%)       (8%)       (8%)       (8%)
  Hardware
   systems
   products         (14%)      (14%)      (14%)      (14%)
  Hardware
   systems
   support (4)      (1%)       (2%)       (2%)       (2%)

TOTAL OPERATING
 EXPENSES            2%         3%         2%         2%
  Stock-based
   compensation
   (5)               7%          *         7%          *
  Amortization of
   intangible
   assets (6)       (8%)         *        (8%)         *
  Acquisition
   related and
   other            138%         *        134%         *
  Restructuring      23%         *         21%         *

OPERATING INCOME     3%         2%         2%         1%

OPERATING MARGIN%  15 bp.    (22) bp.    8 bp.     (25) bp.
INCOME TAX
 EFFECTS (7)         13%        0%         12%       (1%)

NET INCOME           0%         2%        (1%)        1%

DILUTED EARNINGS
 PER SHARE           2%         4%          1         4%

DILUTED WEIGHTED
 AVERAGE COMMON
 SHARES
 OUTSTANDING        (3%)       (3%)       (3%)       (3%)

(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, 2014, 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 August 31, 2014, approximately $1 million in estimated revenues
     related to assumed cloud software-as-a-service and platform-as-a-
     service contracts will not be recognized for the remainder of fiscal
     2015 due to business combination accounting rules.

(4)  As of August 31, 2014, approximately $1 million in estimated revenues
     related to hardware systems support contracts will not be recognized
     for the remainder of fiscal 2015 due to business combination accounting
     rules.

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

                              Three Months Ended       Three Months Ended
                                August 31, 2014          August 31, 2013
                           ------------------------ ------------------------
                                              Non-                     Non-
                             GAAP    Adj.     GAAP    GAAP    Adj.     GAAP
                           ------- -------  ------- ------- -------  -------
     Sales and marketing   $    43 $   (43) $     - $    39 $   (39) $     -
     Cloud software-as-a-
      service and platform-
      as-a-service               2      (2)       -       2      (2)       -
     Cloud infrastructure-
      as-a-service               1      (1)       -       1      (1)       -
     Software license
      updates and product
      support                    5      (5)       -       6      (6)       -
     Hardware systems
      products                   1      (1)       -       2      (2)       -
     Hardware systems
      support                    1      (1)       -       3      (3)       -
     Services                    6      (6)       -       6      (6)       -
     Research and
      development              108    (108)       -      97     (97)       -
     General and
      administrative            45     (45)       -      42     (42)       -
                           ------- -------  ------- ------- -------  -------
       Subtotal                212    (212)       -     198    (198)       -
                           ------- -------  ------- ------- -------  -------
     Acquisition related
      and other                  3      (3)       -       2      (2)       -
                           ------- -------  ------- ------- -------  -------
       Total stock-based
        compensation       $   215 $  (215) $     - $   200 $  (200) $     -
                           ======= =======  ======= ------- =======  =======

(6)  Estimated future annual amortization expense related to intangible
     assets as of August 31, 2014 was as follows:
     Remainder of Fiscal
      2015                 $ 1,395
     Fiscal 2016             1,345
     Fiscal 2017               749
     Fiscal 2018               611
     Fiscal 2019               511
     Fiscal 2020               387
     Thereafter                592
                           -------
       Total intangible
        assets subject to
        amortization         5,590
     In-process research
      and development           15
                           -------
       Total intangible
        assets, net        $ 5,605
                           =======

(7)  Income tax effects were calculated reflecting an effective GAAP tax
     rate of 19.7% and 17.7% in the first quarter of fiscal 2015 and 2014,
     respectively, and an effective non-GAAP tax rate of 21.5% and 21.8% in
     the first quarter of fiscal 2015 and 2014, respectively. The
     differences between our GAAP and non-GAAP tax rates in the first
     quarter of fiscal 2015 and 2014 were primarily due to the net tax
     effects of acquisition related items, including the tax effects of
     amortization of intangible assets.

*    Not meaningful



                             ORACLE CORPORATION

                      Q1 FISCAL 2015 FINANCIAL RESULTS
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                               ($ in millions)

                                                 August 31,       May 31,
                                                    2014           2014
                                               -------------- --------------
ASSETS

  Current Assets:
    Cash and cash equivalents                  $       24,179 $       17,769
    Marketable securities                              27,437         21,050
    Trade receivables, net                              3,551          6,087
    Inventories                                           179            189
    Deferred tax assets                                   833            914
    Prepaid expenses and other current assets           2,015          2,129
                                               -------------- --------------
      Total Current Assets                             58,194         48,138
  Non-Current Assets:
    Property, plant and equipment, net                  3,086          3,061
    Intangible assets, net                              5,605          6,137
    Goodwill                                           29,707         29,652
    Deferred tax assets                                   916            837
    Other assets                                        2,218          2,519
                                               -------------- --------------
      Total Non-Current Assets                         41,532         42,206
                                               -------------- --------------

TOTAL ASSETS                                   $       99,726 $       90,344
                                               ============== ==============

LIABILITIES AND EQUITY

  Current Liabilities:
    Notes payable, current and other current
     borrowings                                $            - $        1,508
    Accounts payable                                      423            471
    Accrued compensation and related benefits           1,491          1,940
    Income taxes payable                                  425            416
    Deferred revenues                                   8,939          7,269
    Other current liabilities                           2,099          2,785
                                               -------------- --------------
      Total Current Liabilities                        13,377         14,389
  Non-Current Liabilities:
    Notes payable and other non-current
     borrowings                                        32,567         22,667
    Income taxes payable                                4,148          4,184
    Other non-current liabilities                       1,703          1,657
                                               -------------- --------------
      Total Non-Current Liabilities                    38,418         28,508

  Equity                                               47,931         47,447
                                               -------------- --------------

TOTAL LIABILITIES AND EQUITY                   $       99,726 $       90,344
                                               ============== ==============



                             ORACLE CORPORATION

                      Q1 FISCAL 2015 FINANCIAL RESULTS
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                              ($ in millions)

                                                    Three Months Ended
                                                        August 31,
                                               ----------------------------
                                                    2014           2013
                                               -------------  -------------
Cash Flows From Operating Activities:
  Net income                                   $       2,184  $       2,191
  Adjustments to reconcile net income to net
   cash provided by operating activities:
    Depreciation                                         160            150
    Amortization of intangible assets                    547            595
    Deferred income taxes                                (68)          (101)
    Stock-based compensation                             215            200
    Tax benefits on the exercise of stock
     options and vesting of restricted stock-
     based awards                                         96             67
    Excess tax benefits on the exercise of
     stock options and vesting of restricted
     stock-based awards                                  (51)           (40)
      Other, net                                          46             17
      Changes in operating assets and
       liabilities, net of effects from
       acquisitions:
      Decrease in trade receivables, net               2,506          2,707
      Decrease in inventories                             10              5
      Decrease in prepaid expenses and other
       assets                                            275            366
      Decrease in accounts payable and other
       liabilities                                    (1,088)          (994)
      Increase (decrease) in income taxes
       payable                                            80           (313)
      Increase in deferred revenues                    1,816          1,442
                                               -------------  -------------

        Net cash provided by operating
         activities                                    6,728          6,292
                                               -------------  -------------

Cash Flows From Investing Activities:
  Purchases of marketable securities and other
   investments                                       (10,340)        (8,549)
  Proceeds from maturities and sales of
   marketable securities and other investments         3,878          6,515
  Acquisitions, net of cash acquired                     (37)        (1,314)
  Capital expenditures                                  (201)          (153)
                                               -------------  -------------

        Net cash used for investing activities        (6,700)        (3,501)
                                               -------------  -------------

Cash Flows From Financing Activities:
  Payments for repurchases of common stock            (2,000)        (2,968)
  Proceeds from issuances of common stock                588            285
  Payments of dividends to stockholders                 (537)          (554)
  Proceeds from borrowings, net of issuance
   costs                                               9,945          5,566
  Repayments of borrowings                            (1,500)             -
  Excess tax benefits on the exercise of stock
   options and vesting of restricted stock-
   based awards                                           51             40
  Distributions to noncontrolling interests              (27)           (28)
                                               -------------  -------------

        Net cash provided by financing
         activities                                    6,520          2,341
                                               -------------  -------------

Effect of exchange rate changes on cash and
 cash equivalents                                       (138)           (81)
                                               -------------  -------------

Net increase in cash and cash equivalents              6,410          5,051
                                               -------------  -------------

Cash and cash equivalents at beginning of
 period                                               17,769         14,613
                                               -------------  -------------

Cash and cash equivalents at end of period     $      24,179  $      19,664
                                               =============  =============



                             ORACLE CORPORATION
                      Q1 FISCAL 2015 FINANCIAL RESULTS
                  FREE CASH FLOW - TRAILING 4-QUARTERS (1)
                               ($ in millions)

                              Fiscal 2014                   Fiscal 2015
                  ----------------------------------  ----------------------
                     Q1       Q2       Q3       Q4       Q1    Q2   Q3   Q4
                  -------  -------  -------  -------  ------- ---- ---- ----

GAAP Operating
 Cash Flow        $14,845  $15,196  $15,029  $14,921  $15,357

Capital
 Expenditures (2)    (664)    (578)    (609)    (580)    (628)
                  -------  -------  -------  -------  ------- ---- ---- ----

Free Cash Flow    $14,181  $14,618  $14,420  $14,341  $14,729
                  =======  =======  =======  =======  ======= ==== ==== ====

% Growth over
 prior year             6%      14%      11%       6%       4%
                  -------  -------  -------  -------  ------- ---- ---- ----


GAAP Net Income   $11,082  $11,054  $11,115  $10,955  $10,948

Free Cash Flow as
 a % of Net Income    128%     132%     130%     131%     135%

(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) Derived from capital expenditures as reported in cash flows from
    investing activities as per our consolidated statements of cash flows
    presented in accordance with GAAP.



                             ORACLE CORPORATION
                      Q1 FISCAL 2015 FINANCIAL RESULTS
          SUPPLEMENTAL ANALYSIS OF GAAP REVENUES AND HEADCOUNT (1)
                               ($in millions)

                                          Fiscal 2014
                      ---------------------------------------------------
                         Q1         Q2         Q3         Q4       TOTAL
                      --------   --------   --------   --------   -------
REVENUES
  New software
   licenses           $  1,399   $  2,121   $  2,128   $  3,769   $ 9,416
  Cloud software-as-a-
   service and
   platform-as-a-
   service                 254        259        287        322     1,121
  Cloud
   infrastructure-as-
   a-service               109         97        121        128       456
  Software license
   updates and product
   support               4,431      4,516      4,564      4,695    18,206
                      --------   --------   --------   --------   -------
    Software and Cloud
     Revenues            6,193      6,993      7,100      8,914    29,199

  Hardware systems
   products                669        714        725        870     2,976
  Hardware systems
   support                 592        609        598        596     2,396
                      --------   --------   --------   --------   -------
    Hardware Systems
     Revenues            1,261      1,323      1,323      1,466     5,372

    Services Revenues      918        959        884        940     3,704

                      --------   --------   --------   --------   -------
      Total Revenues  $  8,372   $  9,275   $  9,307   $ 11,320   $38,275
                      ========   ========   ========   ========   =======

AS REPORTED REVENUE
 GROWTH RATES
  New software
   licenses                  2%        (2%)        1%         0%        0%
  Cloud software-as-a-
   service and
   platform-as-a-
   service                  25%        19%        24%        25%       23%
  Cloud
   infrastructure-as-
   a-service                (9%)      (15%)       10%        13%        0%
  Software license
   updates and product
   support                   7%         6%         5%         7%        6%
    Software and Cloud
     Revenues                6%         3%         5%         4%        5%

  Hardware systems
   products                (14%)       (3%)        8%         2%       (2%)
  Hardware systems
   support                   3%         4%         5%         2%        4%
    Hardware Systems
     Revenues               (7%)        0%         7%         2%        0%

    Services Revenues       (8%)       (5%)       (5%)       (4%)      (5%)

      Total Revenues         2%         2%         4%         3%        3%

CONSTANT CURRENCY
 GROWTH RATES (2)
  New software
   licenses                  5%         0%         3%        (1%)       1%
  Cloud software-as-a-
   service and
   platform-as-a-
   service                  26%        20%        25%        25%       24%
  Cloud
   infrastructure-as-
   a-service                (7%)      (14%)       11%        13%        1%
  Software license
   updates and product
   support                   8%         7%         7%         6%        7%
    Software and Cloud
     Revenues                8%         5%         6%         4%        5%

  Hardware systems
   products                (13%)       (2%)       10%         3%       (1%)
  Hardware systems
   support                   5%         5%         7%         2%        5%
    Hardware Systems
     Revenues               (6%)        1%         9%         3%        2%

    Services Revenues       (6%)       (3%)       (3%)       (3%)      (4%)

      Total Revenues         4%         3%         6%         3%        4%


GEOGRAPHIC REVENUES

  REVENUES
    Americas          $  4,517   $  4,995   $  4,953   $  5,857   $20,323
    Europe, Middle
     East & Africa       2,439      2,817      2,923      3,768    11,946
    Asia Pacific         1,416      1,463      1,431      1,695     6,006
                      --------   --------   --------   --------   -------
      Total Revenues  $  8,372   $  9,275   $  9,307   $ 11,320   $38,275
                      ========   ========   ========   ========   =======


HEADCOUNT

  GEOGRAPHIC AREA
    Americas            53,465     53,073     53,799     53,827
    Europe, Middle
     East & Africa      23,349     23,178     23,350     23,339
    Asia Pacific        45,513     45,617     45,561     45,108
                      --------   --------   --------   --------   -------
      Total Company    122,327    121,868    122,710    122,274
                      ========   ========   ========   ========   =======



                                 Fiscal 2015
                      ---------------------------------
                         Q1       Q2   Q3   Q4   TOTAL
                      --------   ---- ---- ---- -------
REVENUES
  New software
   licenses           $  1,370                  $ 1,370
  Cloud software-as-a-
   service and
   platform-as-a-
   service                 337                      337
  Cloud
   infrastructure-as-
   a-service               138                      138
  Software license
   updates and product
   support               4,731                    4,731
                      --------   ---- ---- ---- -------
    Software and Cloud
     Revenues            6,576                    6,576

  Hardware systems
   products                578                      578
  Hardware systems
   support                 587                      587
                      --------   ---- ---- ---- -------
    Hardware Systems
     Revenues            1,165                    1,165

    Services Revenues      855                      855

                      --------   ---- ---- ---- -------
      Total Revenues  $  8,596                  $ 8,596
                      ========   ==== ==== ==== =======

AS REPORTED REVENUE
 GROWTH RATES
  New software
   licenses                 (2%)                     (2%)
  Cloud software-as-a-
   service and
   platform-as-a-
   service                  32%                      32%
  Cloud
   infrastructure-as-
   a-service                26%                      26%
  Software license
   updates and product
   support                   7%                       7%
    Software and Cloud
     Revenues                6%                       6%

  Hardware systems
   products                (14%)                    (14%)
  Hardware systems
   support                  (1%)                     (1%)
    Hardware Systems
     Revenues               (8%)                     (8%)

    Services Revenues       (7%)                     (7%)

      Total Revenues         3%                       3%

CONSTANT CURRENCY
 GROWTH RATES (2)
  New software
   licenses                 (2%)                     (2%)
  Cloud software-as-a-
   service and
   platform-as-a-
   service                  32%                      32%
  Cloud
   infrastructure-as-
   a-service                25%                      25%
  Software license
   updates and product
   support                   6%                       6%
    Software and Cloud
     Revenues                6%                       6%

  Hardware systems
   products                (14%)                    (14%)
  Hardware systems
   support                  (2%)                     (2%)
    Hardware Systems
     Revenues               (8%)                     (8%)

    Services Revenues       (8%)                     (8%)

      Total Revenues         2%                       2%


GEOGRAPHIC REVENUES

  REVENUES
    Americas          $  4,620                  $ 4,620
    Europe, Middle
     East & Africa       2,589                    2,589
    Asia Pacific         1,387                    1,387
                      --------   ---- ---- ---- -------
      Total Revenues  $  8,596                  $ 8,596
                      ========   ==== ==== ==== =======


HEADCOUNT

  GEOGRAPHIC AREA
    Americas            54,073
    Europe, Middle
     East & Africa      23,349
    Asia Pacific        45,496
                      --------   ---- ---- ---- -------
      Total Company    122,918
                      ========   ==== ==== ==== =======

(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, 2014 and 2013 for the fiscal 2015 and fiscal
    2014 constant currency growth rate calculations presented, respectively,
    rather than the actual exchange rates in effect during the respective
    periods.



                             ORACLE CORPORATION
                      Q1 FISCAL 2015 FINANCIAL RESULTS
                SUPPLEMENTAL GEOGRAPHIC REVENUES ANALYSIS (1)
                               ($in millions)

                                            Fiscal 2014
                          -----------------------------------------------
                             Q1        Q2        Q3        Q4      TOTAL
                          -------   -------   -------   -------   -------

AMERICAS
  Software and cloud
   revenues               $ 3,434   $ 3,808   $ 3,847   $ 4,649   $15,737
                          =======   =======   =======   =======   =======
  Hardware systems
   revenues               $   640   $   694   $   655   $   747   $ 2,736
                          =======   =======   =======   =======   =======

AS REPORTED GROWTH RATES
  Software and cloud
   revenues                     9%        5%        5%       (1%)       4%
  Hardware systems
   revenues                    (2%)       7%       14%        3%        5%

CONSTANT CURRENCY GROWTH
 RATES (2)
  Software and cloud
   revenues                     9%        6%        7%        1%        5%
  Hardware systems
   revenues                    (1%)       8%       16%        5%        6%


EUROPE / MIDDLE EAST /
 AFRICA
  Software and cloud
   revenues               $ 1,816   $ 2,155   $ 2,245   $ 3,032   $ 9,249
                          =======   =======   =======   =======   =======
  Hardware systems
   revenues               $   358   $   372   $   403   $   440   $ 1,572
                          =======   =======   =======   =======   =======

AS REPORTED GROWTH RATES
  Software and cloud
   revenues                     7%        8%        8%       15%       10%
  Hardware systems
   revenues                   (11%)      (5%)       3%        7%       (1%)

CONSTANT CURRENCY GROWTH
 RATES (2)
  Software and cloud
   revenues                     4%        6%        6%       10%        7%
  Hardware systems
   revenues                   (13%)      (6%)       2%        3%       (3%)


ASIA PACIFIC
  Software and cloud
   revenues               $   943   $ 1,030   $ 1,008   $ 1,233   $ 4,213
                          =======   =======   =======   =======   =======
  Hardware systems
   revenues               $   263   $   257   $   265   $   279   $ 1,064
                          =======   =======   =======   =======   =======

AS REPORTED GROWTH RATES
  Software and cloud
   revenues                    (3%)      (9%)      (5%)       0%       (4%)
  Hardware systems
   revenues                   (12%)      (9%)      (3%)      (4%)      (7%)

CONSTANT CURRENCY GROWTH
 RATES (2)
  Software and cloud
   revenues                     8%        0%        3%        3%        3%
  Hardware systems
   revenues                    (5%)      (3%)       3%       (3%)      (2%)


TOTAL COMPANY
  Software and cloud
   revenues               $ 6,193   $ 6,993   $ 7,100   $ 8,914   $29,199
                          =======   =======   =======   =======   =======
  Hardware systems
   revenues               $ 1,261   $ 1,323   $ 1,323   $ 1,466   $ 5,372
                          =======   =======   =======   =======   =======

AS REPORTED GROWTH RATES
  Software and cloud
   revenues                     6%        3%        5%        4%        5%
  Hardware systems
   revenues                    (7%)       0%        7%        2%        0%

CONSTANT CURRENCY GROWTH
 RATES (2)
  Software and cloud
   revenues                     8%        5%        6%        4%        5%
  Hardware systems
   revenues                    (6%)       1%        9%        3%        2%



                                     Fiscal 2015
                          --------------------------------
                             Q1      Q2   Q3   Q4   TOTAL
                          -------   ---- ---- ---- -------

AMERICAS
  Software and cloud
   revenues               $ 3,614                  $ 3,614
                          =======   ==== ==== ==== =======
  Hardware systems
   revenues               $   583                  $   583
                          =======   ==== ==== ==== =======

AS REPORTED GROWTH RATES
  Software and cloud
   revenues                     5%                       5%
  Hardware systems
   revenues                    (9%)                     (9%)

CONSTANT CURRENCY GROWTH
 RATES (2)
  Software and cloud
   revenues                     6%                       6%
  Hardware systems
   revenues                    (8%)                     (8%)


EUROPE / MIDDLE EAST /
 AFRICA
  Software and cloud
   revenues               $ 1,992                  $ 1,992
                          =======   ==== ==== ==== =======
  Hardware systems
   revenues               $   338                  $   338
                          =======   ==== ==== ==== =======

AS REPORTED GROWTH RATES
  Software and cloud
   revenues                    10%                      10%
  Hardware systems
   revenues                    (6%)                     (6%)

CONSTANT CURRENCY GROWTH
 RATES (2)
  Software and cloud
   revenues                     7%                       7%
  Hardware systems
   revenues                    (7%)                     (7%)


ASIA PACIFIC
  Software and cloud
   revenues               $   970                  $   970
                          =======   ==== ==== ==== =======
  Hardware systems
   revenues               $   244                  $   244
                          =======   ==== ==== ==== =======

AS REPORTED GROWTH RATES
  Software and cloud
   revenues                     3%                       3%
  Hardware systems
   revenues                    (8%)                     (8%)

CONSTANT CURRENCY GROWTH
 RATES (2)
  Software and cloud
   revenues                     2%                       2%
  Hardware systems
   revenues                    (8%)                     (8%)


TOTAL COMPANY
  Software and cloud
   revenues               $ 6,576                  $ 6,576
                          =======   ==== ==== ==== =======
  Hardware systems
   revenues               $ 1,165                  $ 1,165
                          =======   ==== ==== ==== =======

AS REPORTED GROWTH RATES
  Software and cloud
   revenues                     6%                       6%
  Hardware systems
   revenues                    (8%)                     (8%)

CONSTANT CURRENCY GROWTH
 RATES (2)
  Software and cloud
   revenues                     6%                       6%
  Hardware systems
   revenues                    (8%)                     (8%)

(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, 2014 and 2013 for the fiscal 2015 and fiscal
    2014 constant currency growth rate calculations presented, respectively,
    rather than the actual exchange rates in effect during the respective
    periods.



                                                                  APPENDIX A
                             ORACLE CORPORATION
                      Q1 FISCAL 2015 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:

• Cloud software-as-a-service and platform-as-a-service, 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 cloud software-as-a-service and platform-as-a-service contracts, software license updates and product support contracts and hardware systems support contracts assumed in connection with our acquisitions. Because these contracts are generally one year in duration, our GAAP revenues generally for the one year period subsequent to our acquisition of a business do not reflect the full amount of revenues on these assumed cloud and support contracts that would have otherwise been recorded by the acquired entity. The non-GAAP adjustment to our cloud software-as-a-service and platform-as-a-service revenues, 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 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 cloud software-as-a-service and platform-as-a-service and hardware systems support contracts; however, we cannot be certain that our customers will renew our cloud software-as-a-service and platform-as-a-service contracts, 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 certain other operating items, 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.