For Immediate Release Q3 FY19 GAAP EPS INCREASED TO $0.76 ...

For Immediate Release

Contact:

Ken Bond Oracle Investor Relations 1.650.607.0349 ken.bond@

Deborah Hellinger Oracle Corporate Communications 1.212.508.7935 deborah.hellinger@

Q3 FY19 GAAP EPS INCREASED TO $0.76 and NON-GAAP EPS UP 8% TO $0.87 Operating Income Up 3% in USD and 7% in Constant Currency

REDWOOD SHORES, Calif., March 14, 2019 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2019 Q3 results. Total Revenues were $9.6 billion, down 1% in USD and up 3% in constant currency compared to Q3 last year. Cloud Services and License Support revenues were $6.7 billion, while Cloud License and On-Premise License revenues were $1.3 billion. Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were $7.9 billion, unchanged in USD and up 3% in constant currency.

GAAP Operating Income was up 3% to $3.4 billion and GAAP Operating Margin was 35%. Non-GAAP Operating Income was up 2% to $4.3 billion and non-GAAP Operating Margin was 44%. GAAP Net Income increased to $2.7 billion and non-GAAP Net Income was down 8% to $3.2 billion. GAAP Earnings Per Share increased to $0.76 while non-GAAP Earnings Per Share was up 8% to $0.87.

Short-term deferred revenues were up 1% to $8.0 billion compared to a year ago. Operating Cash Flow was $14.8 billion during the trailing twelve months.

"I'm pleased with Q3 non-GAAP results as revenues grew 3%, operating income increased 5% and EPS grew 12% in constant currency," said Oracle CEO, Safra Catz. "Our overall operating margin improved to 44% as our lower margin hardware business continued to get smaller while our higher margin cloud business continued to get bigger. With year-to-date non-GAAP EPS growth rate now at 16% in constant currency, we will comfortably deliver another year of double-digit EPS growth."

"Our Fusion HCM, ERP, Supply Chain and Manufacturing Cloud applications revenue in total grew 32% in Q3," said Oracle CEO, Mark Hurd. "Our NetSuite ERP Cloud applications also delivered strong results with a revenue growth rate of 30%. That said, let me call your attention to the following approved statement about Oracle's entire applications business from industry analyst IDC."

Per IDC's latest annual market share results, Oracle is the #1 Enterprise Applications vendor in North America based on market share and revenue, surpassing and SAP. Source: IDC Semiannual Software Tracker, Oct. 2018. Market share and revenue for 2H20171H2018. North America is the USA and Canada. Enterprise Applications refer to the IDC markets CRM, Enterprise Resource Management (including HCM, Financials, Procurement, Order Management, PPM, EAM), SCM, and Production Applications.

"The future of Oracle's Cloud Infrastructure business rests upon our highly-secure Gen2 Cloud Infrastructure featuring the world's first and only Autonomous Database," said Oracle CTO, Larry Ellison. "By the end of Q3 we had nearly 1,000 paying Autonomous Database customers and we added around 4,000 new Autonomous Database trials in Q3. It's early days, but this is the most successful introduction of a new product in Oracle's forty year history."

Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.24 per share of outstanding common stock, reflecting a 26% increase over the current quarterly dividend of $0.19. Larry Ellison, Oracle's Chairman of the Board, Chief Technology Officer and largest stockholder, did not participate in the deliberation or the vote on this matter. This increased dividend will be paid to stockholders of record as of the close of business on April 11, 2019, with a payment date of April 25, 2019.

Q3 Fiscal 2019 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, please visit the Oracle Investor Relations website at . In

addition, Oracle's Q3 results and fiscal 2019 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: 9995836.

About Oracle

The Oracle Cloud offers a complete suite of integrated applications for Sales, Service,

Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly- Automated

and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. For more

information about Oracle (NYSE:ORCL), visit us at or contact Investor Relations at

investor_us@ 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 the growth of our EPS and the future of Oracle's Cloud Infrastructure business, are all "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) Our cloud strategy, including our Oracle Software as a Service and Infrastructure as a Service offerings, may not be successful. (2) If we are unable to develop new or sufficiently differentiated products and services, integrate acquired products and services, or enhance and improve our existing products and support services in a timely manner, or price our products and services to meet market demand, customers may not purchase or subscribe to our software, hardware or cloud offerings or renew software support, hardware support or cloud subscriptions contracts. (3) Enterprise customers rely on our cloud, license and hardware offerings and related services to run their businesses and significant coding, manufacturing or configuration errors in our cloud, license and hardware offerings and related services could expose us to product liability, performance and warranty claims, as well as cause significant harm to our brand and reputation, which could impact our future sales. (4) If the security measures for our products and services are compromised and as a result, our customers' data or our IT systems are accessed improperly, made unavailable, or improperly modified, our products and services may be perceived as vulnerable, our brand and reputation could be damaged and we may experience legal claims and reduced sales. (5) Our business practices with respect to data could give rise to operational interruption, liabilities or reputational harm as a result of governmental regulation,

legal requirements or industry standards relating to consumer privacy and data protection. (6) Economic, political and market conditions 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. (7) Our international sales and operations subject us to additional risks that can adversely affect our operating results. (8) We have a selective and 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 U.S. Securities and Exchange Commission (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 . All information set forth in this press release is current as of March 14, 2019. Oracle undertakes no duty to update any statement in light of new information or future events.

ORACLE CORPORATION

Q3 FISCAL 2019 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

REVENUES Cloud services and license support Cloud license and on-premise license Hardware Services Total revenues

OPERATING EXPENSES Cloud services and license support Hardware Services Sales and marketing Research and development General and administrative Amortization of intangible assets Acquisition related and other Restructuring Total operating expenses

OPERATING INCOME Interest expense Non-operating income, net

Three Months Ended February 28,

% of

% of

2019

Revenues

2018

Revenues

% Increase (Decrease)

in US $

% Increase (Decrease) in Constant Currency (1)

$

6,662

69%

$

6,587

68%

1%

4%

1,251

13%

1,299

14%

(4%)

0%

915

10%

994 10%

(8%)

(4%)

786

8%

796

8%

(1%)

3%

9,614 100%

9,676 100%

(1%)

3%

937

10%

339

4%

700

7%

2,051

21%

1,426

15%

316

3%

407

4%

(4)

0%

43

1%

6,215

65%

3,399

35%

(509) (5%)

198

2%

894

9%

393

4%

709

7%

2,042

21%

1,496

16%

339

4%

394

4%

3

0%

91

1%

6,361

66%

3,315

34%

(533) (5%)

409

4%

5% (14%) (1%)

0% (5%) (7%) 3% (208%) (53%) (2%)

3% (5%) (52%)

7% (10%)

3% 4% (3%) (4%) 3% (217%) (51%) 0%

7% (5%) (52%)

INCOME BEFORE PROVISION FOR INCOME TAXES Provision for income taxes (2)

NET INCOME (LOSS)

3,088

32%

343

4%

3,191

33%

7,238

75%

$

2,745

28%

$

(4,047) (42%)

(3%) (95%)

168%

1% (95%)

168%

EARNINGS (LOSS) PER SHARE:

Basic

$

Diluted

$

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic Diluted

0.78 0.76

3,526 3,617

$

(0.98)

$

(0.98)

4,122 4,122

(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, 2018, 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 February 28, 2019 compared with the corresponding prior year period decreased our revenues by 4 percentage points, operating expenses by 2 percentage points and operating income by 4 percentage points.

(2) Provision for income taxes for the periods presented included the impacts of the U.S. 2017 Tax Cuts and Jobs Act, which was signed into law during our third quarter of fiscal 2018, and for which additional discussion is included in Appendix A.

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