Oracle's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Jun. 23, 2011 8:40 PM ETOracle Corporation (ORCL)
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Oracle (NYSE:ORCL) Q4 2011 Earnings Call June 23, 2011 5:00 PM ET


Mark Hurd - President and Director

Lawrence Ellison - Co-Founder, Chief Executive Officer and Director

Safra Catz - President, Chief Financial Officer and Director

Ken Bond - Investor Relations


Adam Holt - Morgan Stanley

Brent Thill - UBS Investment Bank

Joel Fishbein - Lazard Capital Markets LLC

John DiFucci - JP Morgan Chase & Co

Philip Winslow - Crédit Suisse AG

Jason Maynard - Wells Fargo Securities, LLC

Kash Rangan - BofA Merrill Lynch


Good day, everyone, and welcome to today's Oracle Corporation Quarterly Conference Call. Today's conference is being recorded. At this time, I would like to turn the call over to Ken Bond, Vice President of Investor Relations for Oracle. Please go ahead, sir.

Ken Bond

Thank you, operator. Good afternoon, everyone, and welcome to Oracle's fourth quarter and fiscal year 2011 earnings conference call. A copy of the press release and financial tables, which includes the GAAP to non-GAAP reconciliation and other supplemental financial information can be viewed and downloaded from our Investor Relations website. On the call today are Chief Executive Officer, Larry Ellison; President and CFO, Safra Catz; and President, Mark Hurd.

As a reminder, today's discussion will include forward-looking statements including predictions, expectations, estimates or other information that might be considered forward-looking. Throughout today's discussion, we will attempt to present some important factors relating to our business, which may potentially affect these forward-looking statements. While these forward-looking statements represent our current judgment on what the future holds, these statements are also subject to the risks and uncertainties that may cause actual results to differ materially from statements being made today. As a result, we caution you against placing undue reliance on these forward-looking statements, which reflect our opinion only as of today. And we encourage you to review our most recent

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