Oracle 2008 Annual Report Download - page 81

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Table of Contents
ORACLE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended May 31, 2009, 2008 and 2007
Year Ended May 31,
(in millions, except per share data) 2009 2008 2007
Revenues:
New software licenses $ 7,123 $ 7,515 $ 5,882
Software license updates and product support 11,754 10,328 8,329
Software revenues 18,877 17,843 14,211
Services 4,375 4,587 3,785
Total revenues 23,252 22,430 17,996
Operating expenses:
Sales and marketing 4,638 4,679 3,907
Software license updates and product support 1,088 997 842
Cost of services 3,706 3,984 3,349
Research and development 2,767 2,741 2,195
General and administrative 785 808 692
Amortization of intangible assets 1,713 1,212 878
Acquisition related and other 117 124 140
Restructuring 117 41 19
Total operating expenses 14,931 14,586 12,022
Operating income 8,321 7,844 5,974
Interest expense (630) (394) (343)
Non-operating income, net 143 384 355
Income before provision for income taxes 7,834 7,834 5,986
Provision for income taxes 2,241 2,313 1,712
Net income $ 5,593 $ 5,521 $ 4,274
Earnings per share:
Basic $ 1.10 $ 1.08 $ 0.83
Diluted $ 1.09 $ 1.06 $ 0.81
Weighted average common shares outstanding:
Basic 5,070 5,133 5,170
Diluted 5,130 5,229 5,269
Dividends declared per common share $ 0.05 $ — $ —
See notes to consolidated financial statements.
73
Source: ORACLE CORP, 10-K, June 29, 2009 Powered by Morningstar® Document Research℠