we also believe that an active acquisition program is an important element of our corporate strategy as it strengthens our competitive position , enhances the products and services that we can offer to customers , expands our customer base , provides greater scale to accelerate innovation , grows our revenues and earnings and increases stockholder value . in recent years , we have invested billions of dollars to acquire a number of companies , products , services and technologies that add to , are complementary to , or have otherwise enhanced our existing offerings . we expect to continue to acquire companies , products , services and technologies to further our corporate strategy . 38 we are organized into three businessessoftware , hardware systems and serviceswhich are further divided into certain operating segments . prior to our acquisition of sun microsystems , inc. ( sun ) in january 2010 , we did not have a hardware systems business or related operating segments . each of our businesses and operating segments has unique characteristics and faces different opportunities and challenges . although we report our actual results in u.s. dollars , we conduct a significant number of transactions in currencies other than u.s. dollars . therefore , we present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations . an overview of our three businesses and related operating segments follows . software business our software business , which represented 70 % , 68 % and 77 % of our total revenues in fiscal 2012 , 2011 and 2010 , respectively , is comprised of two operating segments : ( 1 ) new software licenses and ( 2 ) software license updates and product support . on a constant currency basis , we expect that our software business ' total revenues generally will continue to increase due to continued demand for our software products and software license updates and product support offerings , including the high percentage of customers that renew their software license updates and product support contracts and due to our acquisitions , which should allow us to grow our profits and continue to make investments in research and development . new software licenses : we license our database and middleware as well as our applications software and provide subscription-based access to select oracle software applications and software platforms through a cloud-based it environment to businesses of many sizes , government agencies , educational institutions and resellers . the growth in new software license revenues that we report is affected by the strength of general economic and business conditions , governmental budgetary constraints , the competitive position of our software products , our acquisitions and foreign currency fluctuations . the substantial majority of our new software license business is also characterized by long sales cycles . the timing of a few large software license transactions can substantially affect our quarterly new software license revenues . since our new software license revenues in a particular quarter can be difficult to predict as a result of the timing of a few large software license transactions , we believe that analysis of new software license revenues on a trailing 4-quarter period ( as provided in our quarterly reports on form 10-q ) provides additional visibility into the underlying performance of our new software license business . new software license revenues represented 27 % , 26 % and 28 % of our total revenues in fiscal 2012 , 2011 and 2010 , respectively . the proportion of our new software license revenues relative to our total revenues was affected by our entry into the hardware systems business as a result of our acquisition of sun in the third quarter of fiscal 2010. our new software license segment 's margins have historically trended upward over the course of the four quarters within a particular fiscal year due to the historical upward trend of our new software license revenues over those quarterly periods and because the majority of our costs for this segment are predominantly fixed in the short-term . however , our new software license segment 's margins have been and will continue to be affected by fair value adjustments relating to the cloud software subscription obligations that we assumed in business combinations ( described further below ) and by the amortization of intangible assets associated with companies and technologies that we have acquired . we recorded adjustments to reduce obligations under our assumed cloud software subscription offerings in business combinations to their estimated fair values at the acquisition dates . as a result , as required by business combination accounting rules , we did not recognize cloud software subscription revenues as a part of our new software licenses revenues that would have been otherwise recorded as revenues by the acquired businesses as independent entities in the amount of $ 22 million in fiscal 2012. to the extent underlying cloud software subscription contracts are renewed with us following an acquisition , we will recognize the revenues for the full value of the cloud software subscription contracts over the contract periods . software license updates and product support : customers that purchase software license updates and product support are granted rights to unspecified product upgrades and maintenance releases issued during the support period , as well as technical support assistance . substantially all of our customers renew their software license updates and product support contracts annually . the growth of software license updates and product support revenues is primarily influenced by three factors : ( 1 ) the percentage of our support contract customer base that renews its support contracts , ( 2 ) the amount of new support contracts sold in connection 39 with the sale of new software licenses and ( 3 ) the amount of support contracts assumed from companies we have acquired . story_separator_special_tag for software license arrangements that do not require significant modification or customization of the underlying software , we recognize new software license revenues when : ( 1 ) we enter into a legally binding arrangement with a customer for the license of software ; ( 2 ) we deliver the products ; ( 3 ) the sale price is fixed or determinable and free of contingencies or significant uncertainties ; and ( 4 ) collection is probable . revenues that are not recognized at the time of sale because the foregoing conditions are not met , are recognized when those conditions are subsequently met . substantially all of our software license arrangements do not include acceptance provisions . however , if acceptance provisions exist as part of public policy , for example , in agreements with government entities where acceptance periods are required by law , or within previously executed terms and conditions that are referenced in the current agreement and are short-term in nature , we generally recognize revenues upon delivery provided the acceptance terms are perfunctory and all other revenue recognition criteria have been met . if acceptance provisions are not perfunctory ( for example , acceptance provisions that are long-term in nature or are not included as standard terms of an arrangement ) , revenues are recognized upon the earlier of receipt of written customer acceptance or expiration of the acceptance period . the vast majority of our software license arrangements include software license updates and product support contracts , which are entered into at the customer 's option and are recognized ratably over the term of the arrangement , typically one year . software license updates provide customers with rights to unspecified software product upgrades , maintenance releases and patches released during the term of the support period . product support includes internet access to technical content , as well as internet and telephone access to technical support personnel . software license updates and product support contracts are generally priced as a percentage of the net new software license fees . substantially all of our customers renew their software license updates and product support contracts annually . revenue recognition for multiple-element arrangements  software products and software related services ( software arrangements ) we often enter into arrangements with customers that purchase both software related products and software related services from us at the same time , or within close proximity of one another ( referred to as software related multiple-element arrangements ) . such software related multiple-element arrangements include the sale of our software products , software license updates and product support contracts and other software related services whereby software license delivery is followed by the subsequent or contemporaneous delivery of the other elements . for those software related multiple-element arrangements , we have applied the residual method to determine the amount of software license revenues to be recognized pursuant to asc 985-605. under the residual method , if fair value exists for undelivered elements in a multiple-element arrangement , such fair value of the undelivered elements is deferred with the remaining portion of the arrangement consideration recognized upon delivery of the software license or services arrangement . we allocate the fair value of each element of a software related multiple-element arrangement based upon its fair value as determined by our vendor specific objective evidence ( vsoedescribed further below ) , with any remaining amount allocated to the software license . revenue recognition for hardware systems products , hardware systems related services and cloud software subscription offerings ( nonsoftware elements ) revenues from the sale of hardware systems products represent amounts earned primarily from the sale of computer servers and storage products . our revenue recognition policy for these nonsoftware deliverables and 44 other nonsoftware deliverables including hardware systems related services and cloud software subscription offerings is based upon the accounting guidance contained in asc 605 , revenue recognition , and we exercise judgment and use estimates in connection with the determination of the amount of hardware systems products , hardware systems related services revenues and cloud software subscription revenues to be recognized in each accounting period . revenues from the sales of our nonsoftware elements are recognized when : ( 1 ) persuasive evidence of an arrangement exists ; ( 2 ) we deliver the products and passage of the title to the buyer occurs ; ( 3 ) the sale price is fixed or determinable ; and ( 4 ) collection is reasonably assured . revenues that are not recognized at the time of sale because the foregoing conditions are not met are recognized when those conditions are subsequently met . when applicable , we reduce revenues for estimated returns or certain other incentive programs where we have the ability to sufficiently estimate the effects of these items . where an arrangement is subject to acceptance criteria and the acceptance provisions are not perfunctory ( for example , acceptance provisions that are long-term in nature or are not included as standard terms of an arrangement ) , revenues are recognized upon the earlier of receipt of written customer acceptance or expiration of the acceptance period . our hardware systems support offerings generally provide customers with software updates for the software components that are essential to the functionality of our server and storage products and can also include product repairs , maintenance services and technical support services . hardware systems support contracts are generally priced as a percentage of the net hardware systems products fees . hardware systems support contracts are entered into at the customer 's option and are recognized ratably over the contractual term of the arrangements , which are typically one year . our cloud software subscription offerings generally provide customers access to certain of our software within a cloud-based it environment that we manage and offer to customers on a subscription basis . revenues for our cloud software subscription offerings are recognized ratably over the contract term commencing with the

cash flows from financing activities : the changes in cash flows from financing activities primarily relate to borrowings and payments under debt facilities as well as stock repurchases , dividend payments and proceeds from stock option exercises . fiscal 2012 compared to fiscal 2011 : we used net cash for financing activities in fiscal 2012 of $ 6.1 billion in comparison to net cash provided by financing activities in fiscal 2011 of $ 516 million primarily due to our increase in common stock repurchases in fiscal 2012 ( see discussion in working capital above and note 13 of notes to consolidated financial statements included elsewhere in this annual report for additional information ) , a reduction in the amount of debt that we issued in fiscal 2012 ( $ 1.7 billion of short-term borrowings pursuant to a revolving credit facility in may 2012 in comparison to $ 3.25 billion of long-term senior notes in july 2010 and $ 1.15 billion of borrowings pursuant to revolving credit facilities in may 2011 ) , and a decrease in proceeds from stock option exercises during fiscal 2012 , in each case in comparison to fiscal 2011. these unfavorable impacts to our financing cash flows during fiscal 2012 were partially offset by a decrease in cash used for debt related repayments during fiscal 2012 ( $ 1.15 billion of short-term borrowings pursuant to our revolving credit facilities and $ 255 million of rightnow 's legacy convertible notes were repaid in february 2012 in comparison to fiscal 2011 repayments of $ 2.25 billion of senior notes and $ 881 million of commercial paper notes ) . 70 fiscal 2011 compared to fiscal 2010 : net cash provided by financing activities in fiscal 2011 decreased due to a reduction in the amount of debt that we issued in fiscal 2011 ( $ 1.15 billion borrowed pursuant to our revolving credit facilities and $ 3.25 billion of long-term senior notes issued ) in comparison to fiscal 2010 ( $ 4.5 billion of long-term senior notes and $ 2.8 billion of commercial paper notes issued ) .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows from financing activities : the changes in cash flows from financing activities primarily relate to borrowings and payments under debt facilities as well as stock repurchases , dividend payments and proceeds from stock option exercises . fiscal 2012 compared to fiscal 2011 : we used net cash for financing activities in fiscal 2012 of $ 6.1 billion in comparison to net cash provided by financing activities in fiscal 2011 of $ 516 million primarily due to our increase in common stock repurchases in fiscal 2012 ( see discussion in working capital above and note 13 of notes to consolidated financial statements included elsewhere in this annual report for additional information ) , a reduction in the amount of debt that we issued in fiscal 2012 ( $ 1.7 billion of short-term borrowings pursuant to a revolving credit facility in may 2012 in comparison to $ 3.25 billion of long-term senior notes in july 2010 and $ 1.15 billion of borrowings pursuant to revolving credit facilities in may 2011 ) , and a decrease in proceeds from stock option exercises during fiscal 2012 , in each case in comparison to fiscal 2011. these unfavorable impacts to our financing cash flows during fiscal 2012 were partially offset by a decrease in cash used for debt related repayments during fiscal 2012 ( $ 1.15 billion of short-term borrowings pursuant to our revolving credit facilities and $ 255 million of rightnow 's legacy convertible notes were repaid in february 2012 in comparison to fiscal 2011 repayments of $ 2.25 billion of senior notes and $ 881 million of commercial paper notes ) . 70 fiscal 2011 compared to fiscal 2010 : net cash provided by financing activities in fiscal 2011 decreased due to a reduction in the amount of debt that we issued in fiscal 2011 ( $ 1.15 billion borrowed pursuant to our revolving credit facilities and $ 3.25 billion of long-term senior notes issued ) in comparison to fiscal 2010 ( $ 4.5 billion of long-term senior notes and $ 2.8 billion of commercial paper notes issued ) .
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 Suspicious Activity Report : we also believe that an active acquisition program is an important element of our corporate strategy as it strengthens our competitive position , enhances the products and services that we can offer to customers , expands our customer base , provides greater scale to accelerate innovation , grows our revenues and earnings and increases stockholder value . in recent years , we have invested billions of dollars to acquire a number of companies , products , services and technologies that add to , are complementary to , or have otherwise enhanced our existing offerings . we expect to continue to acquire companies , products , services and technologies to further our corporate strategy . 38 we are organized into three businessessoftware , hardware systems and serviceswhich are further divided into certain operating segments . prior to our acquisition of sun microsystems , inc. ( sun ) in january 2010 , we did not have a hardware systems business or related operating segments . each of our businesses and operating segments has unique characteristics and faces different opportunities and challenges . although we report our actual results in u.s. dollars , we conduct a significant number of transactions in currencies other than u.s. dollars . therefore , we present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations . an overview of our three businesses and related operating segments follows . software business our software business , which represented 70 % , 68 % and 77 % of our total revenues in fiscal 2012 , 2011 and 2010 , respectively , is comprised of two operating segments : ( 1 ) new software licenses and ( 2 ) software license updates and product support . on a constant currency basis , we expect that our software business ' total revenues generally will continue to increase due to continued demand for our software products and software license updates and product support offerings , including the high percentage of customers that renew their software license updates and product support contracts and due to our acquisitions , which should allow us to grow our profits and continue to make investments in research and development . new software licenses : we license our database and middleware as well as our applications software and provide subscription-based access to select oracle software applications and software platforms through a cloud-based it environment to businesses of many sizes , government agencies , educational institutions and resellers . the growth in new software license revenues that we report is affected by the strength of general economic and business conditions , governmental budgetary constraints , the competitive position of our software products , our acquisitions and foreign currency fluctuations . the substantial majority of our new software license business is also characterized by long sales cycles . the timing of a few large software license transactions can substantially affect our quarterly new software license revenues . since our new software license revenues in a particular quarter can be difficult to predict as a result of the timing of a few large software license transactions , we believe that analysis of new software license revenues on a trailing 4-quarter period ( as provided in our quarterly reports on form 10-q ) provides additional visibility into the underlying performance of our new software license business . new software license revenues represented 27 % , 26 % and 28 % of our total revenues in fiscal 2012 , 2011 and 2010 , respectively . the proportion of our new software license revenues relative to our total revenues was affected by our entry into the hardware systems business as a result of our acquisition of sun in the third quarter of fiscal 2010. our new software license segment 's margins have historically trended upward over the course of the four quarters within a particular fiscal year due to the historical upward trend of our new software license revenues over those quarterly periods and because the majority of our costs for this segment are predominantly fixed in the short-term . however , our new software license segment 's margins have been and will continue to be affected by fair value adjustments relating to the cloud software subscription obligations that we assumed in business combinations ( described further below ) and by the amortization of intangible assets associated with companies and technologies that we have acquired . we recorded adjustments to reduce obligations under our assumed cloud software subscription offerings in business combinations to their estimated fair values at the acquisition dates . as a result , as required by business combination accounting rules , we did not recognize cloud software subscription revenues as a part of our new software licenses revenues that would have been otherwise recorded as revenues by the acquired businesses as independent entities in the amount of $ 22 million in fiscal 2012. to the extent underlying cloud software subscription contracts are renewed with us following an acquisition , we will recognize the revenues for the full value of the cloud software subscription contracts over the contract periods . software license updates and product support : customers that purchase software license updates and product support are granted rights to unspecified product upgrades and maintenance releases issued during the support period , as well as technical support assistance . substantially all of our customers renew their software license updates and product support contracts annually . the growth of software license updates and product support revenues is primarily influenced by three factors : ( 1 ) the percentage of our support contract customer base that renews its support contracts , ( 2 ) the amount of new support contracts sold in connection 39 with the sale of new software licenses and ( 3 ) the amount of support contracts assumed from companies we have acquired . story_separator_special_tag for software license arrangements that do not require significant modification or customization of the underlying software , we recognize new software license revenues when : ( 1 ) we enter into a legally binding arrangement with a customer for the license of software ; ( 2 ) we deliver the products ; ( 3 ) the sale price is fixed or determinable and free of contingencies or significant uncertainties ; and ( 4 ) collection is probable . revenues that are not recognized at the time of sale because the foregoing conditions are not met , are recognized when those conditions are subsequently met . substantially all of our software license arrangements do not include acceptance provisions . however , if acceptance provisions exist as part of public policy , for example , in agreements with government entities where acceptance periods are required by law , or within previously executed terms and conditions that are referenced in the current agreement and are short-term in nature , we generally recognize revenues upon delivery provided the acceptance terms are perfunctory and all other revenue recognition criteria have been met . if acceptance provisions are not perfunctory ( for example , acceptance provisions that are long-term in nature or are not included as standard terms of an arrangement ) , revenues are recognized upon the earlier of receipt of written customer acceptance or expiration of the acceptance period . the vast majority of our software license arrangements include software license updates and product support contracts , which are entered into at the customer 's option and are recognized ratably over the term of the arrangement , typically one year . software license updates provide customers with rights to unspecified software product upgrades , maintenance releases and patches released during the term of the support period . product support includes internet access to technical content , as well as internet and telephone access to technical support personnel . software license updates and product support contracts are generally priced as a percentage of the net new software license fees . substantially all of our customers renew their software license updates and product support contracts annually . revenue recognition for multiple-element arrangements  software products and software related services ( software arrangements ) we often enter into arrangements with customers that purchase both software related products and software related services from us at the same time , or within close proximity of one another ( referred to as software related multiple-element arrangements ) . such software related multiple-element arrangements include the sale of our software products , software license updates and product support contracts and other software related services whereby software license delivery is followed by the subsequent or contemporaneous delivery of the other elements . for those software related multiple-element arrangements , we have applied the residual method to determine the amount of software license revenues to be recognized pursuant to asc 985-605. under the residual method , if fair value exists for undelivered elements in a multiple-element arrangement , such fair value of the undelivered elements is deferred with the remaining portion of the arrangement consideration recognized upon delivery of the software license or services arrangement . we allocate the fair value of each element of a software related multiple-element arrangement based upon its fair value as determined by our vendor specific objective evidence ( vsoedescribed further below ) , with any remaining amount allocated to the software license . revenue recognition for hardware systems products , hardware systems related services and cloud software subscription offerings ( nonsoftware elements ) revenues from the sale of hardware systems products represent amounts earned primarily from the sale of computer servers and storage products . our revenue recognition policy for these nonsoftware deliverables and 44 other nonsoftware deliverables including hardware systems related services and cloud software subscription offerings is based upon the accounting guidance contained in asc 605 , revenue recognition , and we exercise judgment and use estimates in connection with the determination of the amount of hardware systems products , hardware systems related services revenues and cloud software subscription revenues to be recognized in each accounting period . revenues from the sales of our nonsoftware elements are recognized when : ( 1 ) persuasive evidence of an arrangement exists ; ( 2 ) we deliver the products and passage of the title to the buyer occurs ; ( 3 ) the sale price is fixed or determinable ; and ( 4 ) collection is reasonably assured . revenues that are not recognized at the time of sale because the foregoing conditions are not met are recognized when those conditions are subsequently met . when applicable , we reduce revenues for estimated returns or certain other incentive programs where we have the ability to sufficiently estimate the effects of these items . where an arrangement is subject to acceptance criteria and the acceptance provisions are not perfunctory ( for example , acceptance provisions that are long-term in nature or are not included as standard terms of an arrangement ) , revenues are recognized upon the earlier of receipt of written customer acceptance or expiration of the acceptance period . our hardware systems support offerings generally provide customers with software updates for the software components that are essential to the functionality of our server and storage products and can also include product repairs , maintenance services and technical support services . hardware systems support contracts are generally priced as a percentage of the net hardware systems products fees . hardware systems support contracts are entered into at the customer 's option and are recognized ratably over the contractual term of the arrangements , which are typically one year . our cloud software subscription offerings generally provide customers access to certain of our software within a cloud-based it environment that we manage and offer to customers on a subscription basis . revenues for our cloud software subscription offerings are recognized ratably over the contract term commencing with the

