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Oracle reports slight drop in quarterly profit, but a bump in sales

2014-12-17 23:45:22| IT Services - Topix.net

Technology giant Oracle reported second-quarter fiscal earnings on Wednesday that slightly beat Wall Street's expectations, but said its profit slumped from the same period a year ago. The Redwood City corporation said its profit of $2.5 billion was down 2 percent from the second quarter last year, but its sales rose 3 percent to $9.6 billion.

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