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Oracle Revenue Falls 5.5 Percent Hurt By A Stronger Dollar


Ron Burgundy
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File photograph of Oracle Corp headquarters Redwood City(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)




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