Oracle Reports Slight Profit Drop, But Bump in Sales

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“Technology giant Oracle reported second-quarter fiscal earnings Wednesday that slightly beat Wall Street’s expectations but said its profit slumped from the same period a year ago. The corporation said its profit of $2.5 billion was down 2 percent from the second quarter last year, but its sales rose 3 percent to $9.6 billion. That worked out to earnings of 56 cents per share including all expenses, or 69 cents per share excluding some costs. “