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Acquisition of Sun's first year brings Oracle 1.5 billion profit

Source: Internet
Author: User
Keywords Acquisitions accounting Standards Oracle NONGAAP
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July 15, according to foreign media reports, Oracle said in Tuesday, according to the NON-GAAP accounting standards, the acquisition of Sun after the first year of completion of the deal will add at least 15 cents for Oracle's earnings per share. Oracle, based on Sun's initial performance forecasts for the second quarter, calculates that, in the first year after the deal is completed, Sun will generate more than $1.5 billion trillion in operating profits for Oracle, and more than $2 billion in the second year, according to NON-GAAP accounting standards.　　At present, the transaction is still subject to the approval of shareholders and regulators, and to meet other trading conditions. Author: Black Cat

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