Oracle revenue falls 5.5 percent hurt by a stronger dollar

Reuters News
|
Posted: Jun 17, 2015 4:08 PM

(Reuters) - Oracle Corp, a business software and database company, reported a 5.4 percent fall in quarterly revenue, hurt by a strong dollar.

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.

Revenue fell to $10.71 billion from $11.32 billion.

(Reporting By Lehar Maan in Bengaluru; Editing by Savio D'Souza)