Oracle shares slipped by more than $3 on Wall Street following second quarter earnings that fell short of analyst expectations.
The company reported $0.27 per share for the quarter ended 30 November, a cent lower than was anticipated by Wall Street. The share price fell by $3.25 to close at $44 on Friday. Oracle blamed its European operation for bringing down its results. European sales growth was 16 per cent for the quarter, compared with 49 per cent in the US. Oracle attributed this shortfall to delays in the release of products customised for Europe.
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