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Oracle Slips: FYQ1 Revenue Misses, EPS Beats by a Penny

Oracle (ORCL) this afternoon reported fiscal Q1 revenue that missed analysts’ expectations, but beat by a penny on the bottom line.

Revenue in the three months ended in August declined 2%, year over year, to $8.45 billion, yielding EPS of 53 cents.

Analysts had been modeling $8.53 billion and 52 cents a share in profit.

Oracle’s total revenue would have been up 7%, it said, were it not for...