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REDWOOD SHORES, Calif. — Software- maker Oracle’s results for its latest quarter topped Wall Street’s forecast Tuesday, despite a 5 percent drop in sales and a 7 percent decline in profit.
Oracle said its net income from March through May was $1.89 billion, or 38 cents per share. In the same period last year, it was $2.04 billion, or 39 cents per share. Sales fell to $6.86 billion.
