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December 17, 2010

Oracle Q2 revenue up 47% to $8.6bn

Software license revenues were up 21% to $2bn

By CBR Staff Writer

Oracle has reported an increase of 47% in total revenues to $8.6bn in the second quarter of fiscal 2011, compared to $5.9bn in the same period last year.

Software license revenues were up 21% to $2bn, and software license updates and product support revenues were up 12% to $3.6bn.

For the quarter ended November 30, 2010, operating income was up 27% to $2.8bn, compared to $2.2bn in the second quarter of 2009.

The company posted a net profit of $1.9bn, up 28% compared to $1.5bn in the same period a year ago.

Earnings per share were $0.37, up 28% compared to $0.29 in the same period last year.

Oracle president Safra Catz said strong revenue performance plus disciplined business management enabled a 33% increase in non-GAAP earnings per share to $0.51.

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"Our new license growth of 21% demonstrates the strength of the company-specific momentum we are seeing and our Sun business continues to improve with hardware gross margins increasing to 53%," Catz said.

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