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Oracle Sales, Profit Miss Estimates
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18.06.2015
Oracle Corp, a business software and database company, reported fourth-quarter profit and revenue below analysts' average estimates, hurt by a strong dollar and lower revenue from new software licenses business. Shares of Oracle, seen as a barometer for the technology sector, fell 7 percent to $41.75 in after-hours trading. Oracle's net income fell to $2.76 billion, or 62 cents per share, in the fourth quarter ended May 31, from $3.65 billion, or 80 cents per share, a year earlier. According to Thomson Reuters, analysts had expected a profit of 86 cents per share on revenue of $10.92 billion
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