Ron Burgundy Posted December 16, 2015 Share Posted December 16, 2015 (Reuters) - Business software maker Oracle Corp on Wednesday delivered a third-quarter profit forecast that did not quite meet analysts' expectations, and the company's shares fell about 1 percent in extended trading. Oracle forecast third-quarter profit of about 63-66 cents per share, with revenue flat or up 3 percent which translates to $9.33 billion-$9.61 billion. The company's shift from licensing software to cloud-based subscriptions has squeezed its margins. Analysts on average were expecting profit of 65 cents per share on revenue of $9.28 billion, according to Thomson Reuters I/B/E/S. ... View the full article Quote Link to comment Share on other sites More sharing options...
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