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Oracle reported profit decrease

The technology concern Oracle reported in the second quarter of fiscal 2012 (to 30th November) modest revenue growth. They have risen only 2% to 8.8 billion dollars (6.7 billion), the company says the reason is the weak development of the hardware division. Its reported revenue decline of 14% to 953 million dollars. However, net profit rose by 17% to 2.2 billion dollars (1.7 billion) and earnings per share jumped by 6% to 0.54 dollars per share. The profit and revenue, however, remained below expectations of analysts who predicted a profit of 0.57 dollars per share on revenue of 9.23 billion dollars. Because this rate the shares of Oracle in additional trading hours after the session is dropped 9% to 26.56 dollars. Revenues from new software licenses between September and November were up only 2% to $ 2 billion. Updates of licenses and maintenance have contributed to the $ 4 billion to the total score, an increase of 8%. Currency fluctuations had a negative impact on results. According to Chief Financial Officer Safra Catz blamed for slow growth in new licenses are problems in the distribution. In late November, many contracts have been confirmed until the last minute. "To not happen over this, improved Distribution Management," she added.