Oracle reported quarterly earnings and revenue that missed analysts' expectations on Thursday, sending shares lower in extended-hours trading.
The company posted fiscal fourth-quarter earnings, excluding items, of 92 cents per share, up from 87 cents a share in the year-earlier period.
Revenue increased to $11.32 billion from $10.95 billion a year ago.
Analysts had expected the company to report earnings, excluding items, of 95 cents a share on $11.48 billion in revenue, according to a consensus estimate from Thomson Reuters.
The software maker said its quarterly profit fell 4.2 percent to $3.65 billion from $3.81 billion a year ago.
After the earnings announcement, the company's shares fell as much as 8 percent in after-hours trading.
As of Thursday's close, Oracle shares had gained more than 23 percent over the last 12 months. (Click here to get the latest quotes.)
"It's a bit of a jaw-dropper, in terms of Oracle missing results across the board in its historically strong fiscal year-end quarter,'' said FBR analyst Dan Ives. "It's like Spain getting knocked out of the World Cup in its first week.''