Software giant Oracle has blamed the US dollar for putting a dent in its second quarter earnings, with the firm’s net profit falling one per cent to $1.3bn.

The Redwoods Shores, California-based company said revenue climbed six per cent to $5.6bn for the Q2 period ended 30 November.

Software licence updates and product support sales were up 14 per cent to $2.9bn, while services revs fell two per cent to $1.1bn in Q2.

The company said the stronger dollar up against weaker foreign currency hurt revenue and profit for the quarter. It said profit excluding special items decreased by three cents per share.

Oracle said that the stronger dollar decreased its profit excluding special items by three cents per share.

Shares closed up 2.47 per cent to $17.02 on Nasdaq. ®

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