Oracle quarterly revenue falls 1 percent

Reuters News
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Posted: Jun 16, 2016 4:09 PM

(Reuters) - Business software maker Oracle Corp reported a marginal fall in quarterly revenue hurt by weaker sales of its traditional database software products and a stronger dollar.

Net income fell to $2.81 billion, or 66 cents per share, in the fourth quarter ended May 31, from $2.76 billion, or 62 cents per share, a year earlier.

Revenue fell to $10.59 billion from $10.71 billion.

(Reporting by Narottam Medhora in Bengaluru; Editing by Shounak Dasgupta)