Oracle shares slide as revenue misses estimates

(CNBC) Oracle shares dropped more than 9% in extended trading Monday after the software company reported fiscal second-quarter revenue and quarterly revenue guidance that fell short of Wall Street expectations. Revenue grew 5% year over year in the quarter, which ended Nov. 30. Net income increased 44% to $2.5 billion, or 89 cents per share, from $1.74 billion, or 63 cents a share, a year ago.

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