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Oracle fiscal 2Q net income falls slightly
Oracle fiscal 2nd-qtr net income falls slightly, but beats Wall Street predictions
Associated Press
2013-12-19 06:01 AM

NEW YORK (AP) -- Oracle's fiscal second-quarter net income edged down slightly, hurt by flat revenue from new software licenses and cloud software subscriptions.

The business software maker earned $2.55 billion, or 56 cents per share, compared with $2.58 billion, or 53 cents per share, in the same quarter a year ago. Excluding charges, the company posted an adjusted profit of 69 cents per share for the recent quarter.

Revenue rose 2 percent to $9.28 billion, but revenue from new software licenses and cloud software subscriptions was flat at $2.38 billion.

The results beat Wall Street's predictions. Analysts polled by FactSet expected a profit of 67 cents per share on $9.18 billion in revenue.

Shares of Redwood Shores, California-based Oracle Corp. fell 33 cents to $34.27 in aftermarket trading after the results were released.

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