Total revenues 8,372 2% 4% 8,181
Total Operating Expenses 5,499 4% 5% 5,302
Total Operating Margin
(1) Comprised of
Excluding the effect of unfavorable foreign currency rate fluctuations of 2 percentage points, our total revenues increased by 4% in the first quarter of fiscal 2014 due to an increase in our software business revenues, which was attributable to growth in our new software licenses and cloud software subscriptions revenues due substantially to incremental revenues from our acquisitions, and due to growth in our software license updates and product support revenues. On a constant currency basis, the contribution of our software business revenues to our total revenues growth in the first quarter of fiscal 2014 was partially offset by decreases in revenues from our hardware systems and services businesses. On a constant currency basis, the
Americascontributed 75% and Asia Pacificcontributed 25% to the increase in total revenues. Excluding the effect of favorable foreign currency rate fluctuations of 1 percentage point, total operating expenses increased in the first quarter of fiscal 2014 due primarily to a $306 millionbenefit that we recorded during the first quarter of fiscal 2013 related to certain litigation that decreased our expenses in that period (see Note 14 of Notes to Condensed Consolidated Financial Statements included elsewhere in this Quarterly Report for additional information) and an increase in our sales and marketing and research and development expenses, which resulted primarily from higher employee related expenses due to increased headcount. These increases in our total expenses were partially offset by expense decreases in our services business due primarily to lower employee related and external contractor expenses, expense decreases in our hardware systems business due primarily to a reduction in hardware systems products costs associated with lower revenues, a decrease in our restructuring expenses, and a decrease in intangible assets amortization.