Shares of Oracle Corp. fell as much as 11% in extended trading in US hours on Wednesday after its quarterly revenue missed street expectations, the EPS beat was aided by a one-time gain, and longer-than-expected revenue recognition timelines.

Oracle Corp. reported revenue of $16.06 billion for the second quarter of its fiscal year, implying a growth of 14% from last year. However, the figure was lower than the $16.21 billion estimate from analysts tracked by Bloomberg.

Oracle's cloud infrastructure segment grew by 68% from last year to $4.1 billion, a marginal miss on expectations, while the Earnings Per Share (EPS) of $2.26 surpassed the $1.64 expectation, but was aided by a stake sale in one of its investments during the quarter.

Remaining Performance Obligations (RPOs) or those futur

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