Oracle Issues A Statement | SYS-CON ITALIA

Oracle Issues A Statement

Oracle expects the Sun acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP basis

Jul. 14, 2009 10:45 AM

Oracle Corporation (NASDAQ: ORCL) ("Oracle") confirmed today that, after reviewing preliminary results reported by Sun Microsystems, Inc. ("Sun") for Sun's quarter ending June 30, 2009, Oracle expects the Sun acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP basis in the first full year after closing and estimates that the acquired business will contribute over $1.5 billion to Oracle's non-GAAP operating profit in that year, increasing to over $2 billion in the second year.

Oracle's acquisition of Sun remains subject to stockholder and regulatory approvals and other closing conditions.

Published Jul. 14, 2009— Reads 3,285
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About Yeshim Deniz
Yeshim Deniz is a Ulitzer blogger who writes about cloud computing, breaking news from Cloud Expo, and emerging technologies. She first started blogging in the aftermath of Hurricane Katrina. She broke the news on her blog about Condoleeza Rice's visit to Spamalot on Broadway as Katrina hit New Orleans. Yeshim was the first journalist to call for the resignation of the FEMA director, the day before Katrina hit New Orleans. She later helped to organize a "Change the Administration" march in Washington DC. Email Yeshim at editorial (at) sys-con.com.

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