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Table of Contents
Forward-Looking Statements
For purposes of this Annual Report, the terms “Oracle,” “we,” “us” and “our” refer to Oracle Corporation and
its consolidated subsidiaries. In addition to historical information, this Annual Report on Form 10-K contains
forward-looking statements that involve risks and uncertainties that could cause our actual results to differ
materially. Factors that might cause or contribute to such differences include, but are not limited to, those
discussed in Item 1A. Risk Factors. When used in this report, the words “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates” and similar expressions are generally intended to identify
forward-looking statements. You should not place undue reliance on these forward-looking statements, which
reflect our opinions only as of the date of this Annual Report. We undertake no obligation to publicly release
any revisions to the forward-looking statements after the date of this document. You should carefully review
the risk factors described in other documents we file from time to time with the U.S. Securities and Exchange
Commission, including the Quarterly Reports on Form 10-Q to be filed by us in our 2010 fiscal year, which
runs from June 1, 2009 to May 31, 2010.
PART I
Item 1. Business
General
We are the world’s largest enterprise software company. We develop, manufacture, market, distribute and
service database and middleware software as well as applications software designed to help our customers
manage and grow their business operations.
Our goal is to offer customers scalable, reliable, secure and integrated software solutions that improve
transactional efficiencies, adapt to an organization’s unique needs and allow better ways to access and
manage information and automate business processes at a lower total cost of ownership. We seek to be an
industry leader in each of the specific product categories in which we compete and to expand into new and
emerging markets.
We believe our internal, or organic, growth and continued innovation with respect to our core database,
middleware and applications technologies provide the foundation for our long-term strategic plan. In fiscal
2009, we invested $2.8 billion in research and development to enhance our existing portfolio of products and
services and to develop new products, features and services.
An active acquisition program is another important element of our corporate strategy. In recent years, we have
invested billions of dollars to acquire a number of complementary companies, products, services and
technologies. We believe our acquisition program supports our long-term strategic direction, strengthens our
competitive position, expands our customer base, provides greater scale to accelerate innovation, grows our
revenues and earnings, and increases stockholder value. We expect to continue to acquire companies,
products, services and technologies.
On April 19, 2009, we entered into an Agreement and Plan of Merger with Sun Microsystems, Inc. (Sun), a
provider of enterprise computing systems, software and services, under which we have agreed to acquire all
outstanding shares of Sun for $9.50 per share in cash. The estimated total purchase price for Sun is
approximately $7.4 billion. The transaction is subject to Sun stockholder approval, regulatory clearances and
other customary closing conditions.
Oracle Corporation was incorporated in 2005 as a Delaware corporation and is the successor to operations
originally begun in June 1977.
Software and Services
We are organized into two businesses, software and services, which are further divided into five operating
segments. Our software business is comprised of two operating segments: (1) new software licenses and
(2) software license updates and product support. Our services business is comprised of three operating
segments: (1) consulting, (2) On Demand and (3) education. Our software and services businesses represented
81% and 19% of our total revenues, respectively, in fiscal 2009, 80% and 20% of our total revenues,
respectively, in fiscal 2008 and 79% and 21% of our
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Source: ORACLE CORP, 10-K, June 29, 2009 Powered by Morningstar® Document Research℠