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17 September 2010 ,
Written by Dhruv Tanwar
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Oracle has announced its fiscal 2011 first quarter results.
 Total revenues were up 48% to $7.5 billion. New software license revenues were up 25% to $1.3 billion. Operating income was up 10% to $1.9 billion, and operating margin was 26%. Net income was up 20% to $1.4 billion, while earnings per share were $0.27, up 20% compared to last year. Operating cash flow on a trailing twelve-month basis was $8.8 billion.
Company CFO Jeff Epstein said the better than expected performance was on account of strong revenue and disciplined business management. Oracle President, Safra Catz said the company's software business grew strongly in all regions while the hardware business also grew faster than expected with Sun Solaris servers and Exadata leading the way. Oracle’s Board of Directors declared a cash dividend of $0.05 per share of outstanding common stock.
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