New York - Oracle says its fiscal third-quarter revenue declined by one percent, falling short of analysts' expectations and sending shares down sharply in after-hours trading.
Oracle said on Wednesday that it earned $2.5-billion, or 52 cents per share, in the December-February quarter.
That's up from $2.5-billion, or 49 cents per share, in the same period a year earlier. Adjusted earnings were 65 cents per share in the latest quarter.
Revenue fell one percent to $8.96-billion.
Analysts polled by FactSet expected earnings of 66 cents per share, excluding charges for past acquisitions and other costs, on revenue of $9.38-billion.
Oracle says new software licences and online subscriptions fell two percent to 2.3 billion. The company had predicted that number would rise by three percent to 13 percent. - Sapa-AP