REDWOOD SHORES, Calif.—Oracle Corp. has posted lowered, albeit in-line, earnings in financial results for its fiscal second quarter.
The company’s net income for the quarter was $549.5 million, or 10 cents per share, down from year-ago earnings of $622.8 million, or $1.21 per share. “It was our toughest quarter in a decade. … When the economy improves, we will earn a lot more,” said Oracle’s Larry Ellison.
Following the news late Thursday, Oracle shares fell 27 cents, or 1.84 percent, to $14.40 Friday morning.
