Oracle 2015 Annual Report Download - page 3

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Table of Contents
Cautionary Note on Forward-Looking Statements
For purposes of this Annual Report, the terms “Oracle,” “we,” “us” and “our” refer to Oracle Corporation and its consolidated subsidiaries. This Annual Report on
Form 10-K contains statements that are not historical in nature, are predictive in nature, or that depend upon or refer to future events or conditions or otherwise
contain forward-looking statements within the meaning of Section 21 of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation
Reform Act of 1995. These include, among other things, statements regarding:
• our expectation that we will continue to acquire companies, products, services and technologies to further our corporate strategy;
• our belief that our acquisitions should allow us to grow and continue to make investments in research and development;
• our expectation that the total revenues of our cloud and on-premise software business generally will continue to increase due to continued demand for our
software products, expected growth in our cloud and software license updates and product support offerings, and contributions from acquisitions;
• our expectation that we will continue to place significant strategic emphasis on growing our cloud software as a service (SaaS) and platform as a service
(PaaS) business, which will affect the growth of our cloud SaaS and PaaS revenues and our new software license revenues and the related expenses;
• our intention that we will renew our cloud SaaS and PaaS contracts when they are eligible for renewal;
• our belief that software license updates and product support revenues and margins will grow;
• our belief that our PaaS offerings are a large opportunity for us to expand our cloud and on-premise software business;
• our expectation that our hardware business will have lower operating margins as a percentage of revenues than our cloud and on-premise software
business;
• our expectation that we will continue to make significant investments in research and development and related product opportunities, including those
related to hardware products and services, and our belief that research and development efforts are essential to maintaining our competitive position;
• our international operations providing a significant portion of our total revenues and expenses;
• continued realization of gains or losses with respect to our foreign currency exposures;
• the sufficiency of our sources of funding for working capital, capital expenditures, contractual obligations, acquisitions, dividends, stock repurchases, debt
repayments and other matters;
• our expectation that we will continue paying comparable cash dividends on a quarterly basis;
• our belief that we have adequately provided under U.S. generally accepted accounting principles for outcomes related to our tax audits and that the final
outcome of our tax-related examinations, agreements or judicial proceedings will not have a material effect on our results of operations, our assumptions
regarding the potential U.S. income tax liability associated with any repatriation of our undistributed earnings held by our foreign subsidiaries, and our
belief that our net deferred tax assets will be realized in the foreseeable future;
• our estimates and current intentions regarding potential future goodwill impairment losses, if any;
• our belief that the outcome of certain legal proceedings and claims to which we are a party will not, individually or in the aggregate, result in losses that
are materially in excess of amounts already recognized, if any;
• the timing and amount of our stock repurchases;
• our expectation that seasonal trends will continue in the future;
• our expectations regarding the impact of recent accounting pronouncements on our consolidated financial statements;
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