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Oracle profit misses consensus by 33.0% in fiscal Q2

Oracle Corp. said its normalized net income for the fiscal second quarter ended Nov. 30 was 46 cents per share, compared with the S&P Capital IQ consensus estimate of 68 cents per share.

EPS climbed year over year from 44 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.06 billion, compared with $2.04 billion in the year-earlier period.

The normalized profit margin dropped to 21.5% from 22.0% in the year-earlier period.

Total revenue climbed on an annual basis to $9.60 billion from $9.28 billion, and total operating expenses grew from the prior-year period to $6.03 billion from $5.80 billion.

Reported net income totaled $2.52 billion, or 56 cents per share, compared with $2.58 billion, or 56 cents per share, in the year-earlier period.