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Oracle shares fall after results; IBM, SAP down

Wed Mar 26, 2008 4:36pm EDT
 
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NEW YORK (Reuters) - Shares of Oracle Corp (ORCL.O: Quote, Profile, Research) fell 9 percent after the closing bell on Wednesday after the business software company reported quarterly results that included revenue below analysts' expectations.

Oracle shares were down at $19.05 after closing at $20.94 on the Nasdaq.

Shares of technology services company International Business Machines (IBM.N: Quote, Profile, Research) declined as well after Oracle's results and were last down 0.6 percent at $116.26 in after-hours trading. U.S.-listed shares of German business software company SAP (SAP.N: Quote, Profile, Research) were down 3.5 percent at $50.10.

(Reporting by Caroline Valetkevitch; Editing by Jonathan Oatis)

 

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