Oracle sees no slowing in earnings, deal size

SAN FRANCISCO, Nov 14 (Reuters) - Oracle Corp (ORCL.O) remains committed to earnings per share growth of at least 20 percent or better each year, Safra Catz, Oracle's president and chief financial officer, said on Wednesday.

"Twenty percent? That's for pikers. We've been growing 26 percent," Catz said at a meeting of Wall Street analysts on the sidelines of OracleWorld, the company's annual user conference in San Francisco.

"We are going for 20 (percent). If we shoot ahead of it in any year, it is just the way it is. We are not slowing down and don't expect us to," Catz said of the pledge to grow not just 20 percent, on average, but 20 percent, or faster, each year.

Since completing its acquisition of PeopleSoft in late 2004, the company has grown earnings significantly faster than the 20 percent Chairman and Chief Executive Larry Ellison at that time pledged to investors.

Oracle's strategy is to sell its big corporate customers more applications and, with them, the company's underlying database platform. "Our strategy will be selling customers we already have other stuff," she declared.

"A few quarters ago I said our deals are getting chubbier. I said it exactly that way so you would remember it," Catz told analysts. "The deals continue to get chubbier," she said.

(Reporting by Jim Finkle in Boston and Eric Auchard in San Francisco; Editing by Gary Hill)

((E-mail: jim.finkle@reuters.com)) Keywords: ORACLE OUTLOOK/

(Adds company and analyst comments, new product details)

By Jim Finkle and Eric Auchard

BOSTON/SAN FRANCISCO, Nov 14 (Reuters) - Oracle Corp (ORCL.O), the world's No. 3 software maker, said on Wednesday it is on track to meet its quarterly and long-term financial targets and that it will start shipping a new product early next year.

Safra Catz, Oracle's president and chief financial officer, told analysts that she is standing by the financial outlook she issued in September. She had forecast that sales of new software would rise 15 to 25 percent from a year earlier during the current quarter.

She made the comment at an investor meeting in San Francisco, responding to a question by a Wall Street analyst about how confident she was in her outlook for the company, given the the credit crisis shaking the rest of the market.

Earlier, Oracle Chief Executive Larry Ellison told thousands of customers in a packed auditorium that the software maker plans to start shipping the first in its new line of Fusion business management programs early next year.

The lead product will be a marketing tool called Sales Prospector which is based on software that Oracle acquired when it bought Siebel Systems. It will compete with products from rivals Salesforce.com (CRM.N), SAP (SAPG.DE) and Microsoft Corp (MSFT.O).