Oracle?s second quarter results disappointed analysts, but the company blamed its reduced profits on the economic problems in Asia.
The database giant made $187 million in its Q2, up from $179 million in the second quarter last year. It reported $1.6 billion turnover, up 23 per cent over the same period from $1.3 billion. Analysts expected around $235 million profit and Oracle admitted it was disappointed with the figures.
In a brief statement, the company said economic troubles in the Asia-Pacific region had a signifiacant impact on the results.
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