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Oracle's profit and sales miss estimates

2015-06-18 02:49:07| IT Services - Topix.net

Oracle Corp.'s fiscal fourth-quarter sales and profit fell short of analysts' estimates, hurt by currency fluctuations and sagging sales of new products to new and existing customers. Revenue fell 5.4 percent to $10.7 billion in the period ended May 31, and profit before certain costs was 78 cents a share, the Redwood City, Calif.-based company said.

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