Reuters logo
Oracle's Q2 revenue rises less than expected
December 15, 2016 / 9:12 PM / a year ago

Oracle's Q2 revenue rises less than expected

Dec 15 (Reuters) - Oracle Corp reported a smaller-than-expected 0.8 percent rise in quarterly adjusted revenue as the business software maker’s sales from countries outside the United States were weighed down by a stronger dollar.

The company’s total adjusted revenue inched up to $9.07 billion in the second quarter ended Nov. 30 from about $9 billion a year earlier.

Analysts on average were expecting revenue of $9.12 billion, according to Thomson Reuters I/B/E/S.

Oracle’s net income fell to $2.03 billion, or 48 cents per share, from $2.20 billion, or 51 cents per share.

The company’s shares were down 2 percent in extended trading. (Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D‘Souza)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below