Don’t miss the latest developments in business and finance.

Oracle revenue falls 3.4 percent

Image
Reuters
Last Updated : Mar 16 2016 | 2:07 AM IST

(Reuters) - Oracle Corp posted a 3.4 percent fall in quarterly revenue, hurt by a stronger dollar and weak sales of its traditional database software products.

Net income fell to $2.14 billion, or 50 cents per share, in the third quarter ended Feb. 29, from $2.50 billion, or 56 cents per share, a year earlier.

Revenue fell to $9.01 billion from $9.33 billion.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Anil D'Silva)

Also Read

First Published: Mar 16 2016 | 1:55 AM IST

Next Story