Oracle, the biggest developer of software databases and applications, reported second-quarter results and revenues that narrowly missed analyst estimates.

The Redwood Shores, Calif.-based giant headed by CEO Larry Ellison said per-share earnings were 54 cents a share, 2 cents below 56 and 58 cents carried by according to Zacks and ThomsonReuters. The estimates generally followed company guidance.

Oracle's second-quarter revenue was $8.8 billion, up 2 percent but below the expected to range between $8.92 billion and $9.27 billion. Last quarter, Dell earned 46 cents a share on revenue of $8.4 billion, nearly 11 percent above the 2010 figure.

Oracle shares, which had closed at $29.17, up nearly 2 percent, fell to $28.90, or nearly 8 percent, after the results were announced.

Ellison and other Oracle executives are expected to brief investors later on Tuesday.