Oracle Q2 net up 28% at $1.87 b

In the year-ago period, it had posted a net income of US$1.45 billion. The revenue increased to US$8.58 billion for second quarter of 2011 fiscal from US$5.85 billion in the corresponding period of previous year, translating into 47 per cent jump.  The revenue from new licence business grew 21 per cent to US$2 billion, while revenue from hardware business stood at US$1.1 billion.

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