IOI's Quick Take on Oracle's First Quarter Earnings

Erik Kobayashi-Solomon

September 17, 2015

Oracle (ORCL) reported first quarter earnings for its fiscal year 2016 after the market close on September 16. The earnings numbers were heavily┬áinfluenced by currency translations brought about by the rapid rise in the value of the U.S. Dollar versus other global currencies and both revenues and net income missed Wall Street expectations largely due …

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