NEW YORK -- Oracle ( ORCL ), the business software maker, posted fiscal third-quarter earnings and revenue below analysts' estimates. Oracle reported earnings on Wednesday of 65 cents a share on revenue of $8.97 billion. New software licenses and cloud-software subscription revenue were down 2% to $2.3 billion. Analysts were looking for earnings of 66 cents a share on sales of $9.38 billion. Total software revenue rose 4% to $6.67 billion, and hardware-systems revenue declined 16% to $1.24 billion. Services revenue fell 8% to $1.045 billion. "Our non-GAAP operating margin increased to a Q3 record of 47%, and we expect it to reach an all-time high for the fiscal year," said Oracle President and Chief Financial Officer Safra Catz in a press release.