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Database giant Oracle(ORCL Quote) said its second-quarter revenue came in below analysts' estimates Thursday, as the company felt the effects of the strengthening dollar and a weakening U.S. economy.
Oracle posted second-quarter revenue of $5.6 billion, a 5% increase from the same period last year, but below analysts' forecast of $5.84 billion.
The firm's software revenue grew 8% year-over-year, although new license sales, a key indicator of the company's performance, were down 3%. Oracle's revenue from services was down 2% year-over-year. ...
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