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Oracle’s quarterly results top Wall Street expectations

19
Dec
2013

By Noel Randewich SAN FRANCISCO (Reuters) – Oracle Corp gave a quarterly report on Wednesday that created cautious hope of recovery in the software makers growth. The No. 2 software maker has been hurt by weak global IT spending and a move by some of its customers to less expensive software offered by rivals. But the company posted fiscal-second-quarter results that exceeded expectations, while its outlook for third-quarter earnings was in line with Wall Street estimates. The four-decade-old company missed analysts estimates for revenue in the three quarters prior to Wednesdays report. …

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