Redwood City, California-based Oracle Corp. (NYSE: ORCL – $44.91) reported fourth quarter revenue of $10.7 billion, down 5% from year ago levels and below analysts’ consensus of $10.9 billion. Hurt in part by the stronger dollar, adjusted earnings per share came in at $0.78, down 14% and below the Street view of $0.86 per share. Software and Cloud revenues were $8.4 billion, down 6%, but up 2% in constant currency. Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $416 million, growing 29%, and up 35% in constant currency. Cloud infrastructure as a service (IaaS) revenues were $160 million, growing 25%, and up 31% in constant currency. Hardware Systems revenues were $1.4 billion, down 4%, but up 5% before the effects of currency translation. Despite the positives from the company’s cloud business, adverse foreign exchange has kept the stock’s valuation largely in check. Shares of database software provider Oracle, up 6% over the past year, fell 7.4% to $41.59 in after-hours trading. Oracle said on its conference call it expects first quarter 2016 revenue growth of 5% to 8% and adjusted earnings per share at $0.56 to $0.59. Analysts were expecting total Q1 revenue of $8.61 billion and earnings of $0.61 per share. That said, Oracle’s markets remain healthy and growing, and the company is executing well and meeting its customers’ demand. High-quality ORCL shares have a place in most conservative-oriented portfolios.