Oracle Q4 profit hits US$855 mln

Worldˇ¦s second biggest software developer Oracle released earnings report after the closing yesterday, saying that its Q4 turnover lost 3.03% from the same period last year to reach US$3.3 bln. The decrease can be attributable to the economic slowdown which affected the sales of database. The profit hit US$855 mln, down 7.7% from a year earlier. Per share earnings stood at 15 US cents, higher than the market expectation of 14 US cents. The software sales dropped 10% to US$1.66 bln as a result of the decrease of computer-related expense. Oracle gained 8.76% to close at US$16.14 during the after-hours dealing.

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