Yes, and usually more.
PHP has a similar syntax to ASP, and allows you to:
Access dozens of databases with native APIs, as well as ODBC
Build graphics on the fly with libgd
Build PDFs on the fly with two different libraries (pdflib and clibpdf)
Use Session variables
Access email servers to build webmail applications
Access the mcal library which allows you to maintain calendars easily
Access LDAP servers
Access NIS servers
Open and use unix sockets for communications
And lastly exchange data with XML and WDDX standards
