The company’s revenue is increased by 37% and net income increased by 78%. So to celebrate their success they are giving 20% dividend to their shareholders new software license sales jumped 29% to $2.2bn in the third quarter.
Oracle made net income for the quarter of $2.1bn up from $1.2bn a year earlier. The company is in a battle with rivals IBM, Cisco Systems and HP to provide infrastructure for companies to move to "cloud computing" the remote storage and handling of data.
Japan provides 5% of the company's revenues but Oracle executives told analysts they saw no material impact from the disruptions to production caused by the earthquake and tsunami.
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