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Oracle Gaining After Mixed Earnings Release

Software giant Oracle (NASDAQ:ORCL) gaining in today session after posting their quarterly results. The company reported a slump in revenue in the first quarter of $8.18 billion, down about 2 percent from the same period last year. Oracle did see profits rise though, with EPS of 53 a share, which is in line with analyst estimates.

The tech giant also announced it will be issuing a 6 cent per share dividend, being paid on November 2 to shareholders on record as of October 12.

Despite losing some ground in trading yesterday, Oracle has bounced back. The company is up over 1% to $32.62