Wednesday, March 20, 2013 7:10 pm
News Summary: Oracle falls on weak 3Q report
By The Associated Press
KEY METRIC DOWN: Revenue from new software licenses and online or "cloud" subscriptions, a closely watched figure, fell 2 percent year-over-year to $2.3 billion. The company had predicted that number would rise by 3 percent to 13 percent.
STOCK SLIDES: Shares of the Redwood City, Calif., company fell $2.56, or 7.2 percent, to $33.20 in after-hours trading following the announcement.