Operator: Good day, everyone and welcome to today's Oracle Corporation Quarterly Conference Call. Today's conference is being recorded.
At this time, I would like to introduce Ken Bond, Vice President of Investor Relations, Oracle. Please go ahead, sir.
Ken Bond - VP, IR: Thank you. Good afternoon, everyone, and welcome to Oracle's second quarter fiscal year 2014 earnings conference call. A copy of the press release and financial tables, which includes a GAAP to non-GAAP reconciliation and other supplemental financial information can be viewed and downloaded from our Investor Relations website.
On the call today are Chief Executive Officer, Larry Ellison; President and CFO, Safra Catz; and President, Mark Hurd.
As a reminder, today's discussion will include forward-looking statements, including predictions, expectations, estimates or other information that might be considered forward-looking. Throughout today's discussion, we will present some important factors relating to our business which may potentially affect these forward-looking statements. These forward-looking statements are also subject to risks and uncertainties that may cause actual results to differ materially from statements made today.
As a result, we caution you from placing undue reliance on these forward-looking statements, and we encourage you to review our most recent report on our 10-K and 10-Q and any applicable amendments for a complete discussion of these factors and other risks that may affect our future results or the market price of our stock.
Finally, we are not obligating ourselves to revise our results or any public release of information revision of these forward-looking statements in light of new information or future events. Before taking questions, we'll begin with a few prepared remarks.
With that I'll turn the call over to Safra.
Safra A. Catz - President and CFO: Thanks, Ken. I am travelling today, so I hope you can hear me all right. I'm going to focus on our non-GAAP results for Q2. I'll then review guidance for Q3. Then turn the call over to Mark and Larry for their comments.
This quarter, currency was a 2% headwind to new license and 1% to hardware and total revenue, so my comments today generally reflect constant dollar growth rates. Q2 was a solid quarter overall, as we exceeded our forecast in all major revenue segments, and we're pleased with the results.
Total software revenues were $6.9 billion, up 5% from last year. Software updates and product support revenues drove about half of total Company revenues at $4.5 billion, up 7% from last year. Attach and renewal rates remain, at their usual high levels, as our growing installed base of customers continue to power earnings and cash flow. New software license revenue was $2.4 billion, up 1%. As many of you know, we had an absolutely fantastic Q2 last year with new software license growth way above expectations of 18%. So, we're actually very pleased, because that was quite a tough compare, and over the last two years, we grew 19%.
Looking at GAAP results by region; the Americas grew 5%, with Latin America showing excellent growth. EMEA grew 3% and Asia Pacific declined 10%, with Japan continuing to be challenged. Currency continues to be a significant headwind in Japan and Australia. Now, while our China business is not large enough to make a significant difference to our business, we did actually see good growth there this quarter. Within software, database continues to do well with Exadata software, GoldenGate and TimesTen in-memory software products, all up more than 20%. Also strong was Human Capital Management, both on premise and SaaS as well as our retailing and life science verticals.