Oracle's share price has taken a dive today (June 21st) after the company revealed its latest financial data.
The firm saw revenue from software sales and internet subscriptions increase by one per cent to $4 billion (£2.58 billion) and net profit was up by ten per cent to $3.8 billion for the fourth quarter.
But investors still responded negatively to the data, with the share price of the company plunging by eight per cent in after-hours trading.
Oracle revealed that its revenue for the period was $10.9 billion, which is slightly below the $11.2 billion that had been expected by analysts.
At 16:46 BST, the share price of Oracle had dropped to 30.37, down 2.84 points on the start of the day's trading on the Nasdaq.
This was a fall of more than 8.5 per cent for the day, making it one of the major falls on the global markets today.
Learn about the Asian markets and CFD trading at City Index