Oracle Financial shares track parent company's slump

Shares in Oracle Financial Services Software Ltd fall 2.7 %, tracking a slump in parent company Oracle Corp on Thursday after the U.S. software maker's Q3 revenue fell far short of expectations.

Oracle Corp blamed its rapidly expanding salesforce for a severe miss in third-quarter software sales and warned that its ailing hardware business will lose more ground this quarter, driving its shares 8 % lower on Wednesday.

It was Oracle Corp shares' biggest percentage drop since December 2011.

Oracle Corp owns 80.3 % in Oracle Financial Services via a subsidiary.