After the bell, shares had taken off 5.4% to $36.81.
The enterprise software developer recorded revenue of $9.3 billion in the three months to February, a 4% year-over-year increase. However, analysts surveyed by Thomson Reuters had forecast slightly-higher sales of $9.36 billion.
Adjusted net income of 68 cents a share fell short of consensus by 2 cents.
A strengthening U.S. dollar compared to foreign currencies and exchange rate changes in Venezuela negatively impacted earning power, the company said in a statement.
The board also declared a quarterly cash dividend of 12 cents a share. The dividend will be paid to shareholders of record as of April 8 with payment on April 29.
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TheStreet Ratings team rates ORACLE CORP as a Buy with a ratings score of A-. The team has this to say about their recommendation:
"We rate ORACLE CORP (ORCL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."