Oracle Executive Chairman Larry Ellison. Photo courtesy of Oracle.
Oracle Corporation ORCL shares were trading down in Thursday's after-hours session following a second-quarter sales miss.
Adjusted earnings came in at 90 cents per share, beating estimates by 2 cents. Sales came in at $9.6 billion, missing estimates by $50 million.
"We had another strong quarter in our Fusion and NetSuite cloud applications businesses with Fusion ERP revenues growing 37% and NetSuite ERP revenues growing 29%," Oracle CEO Safra Catz said in a statement.
"This consistent rapid growth in the now multibillion-dollar ERP segment of our cloud applications business has enabled Oracle to deliver a double-digit EPS growth rate year-after-year. I fully expect we will do that again this year."
Oracle shares were down 1.63% at $55.55 at the time of publication.
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