Oracle CEO Mark Hurd takes medical leave; first-quarter revenue misses
Hurd is one of Oracle's two CEOs, the other being Safra Catz. Under their tenure, the company has tried to rapidly transition to cloud computing software
Hurd is one of Oracle's two CEOs, the other being Safra Catz. Under their tenure, the company has tried to rapidly transition to cloud computing software
At its annual San Francisco OpenWorld conference last week, Oracle announced it would ​soon be launching​ four supply chain use case focused blockchain applications. And it won't be stopping there.
Though Oracle co-CEO Mark Hurd's title may have changed recently, his job running the company's sales and support operations really hasn't. But he does have a whole lot more to sell and support these days, and it's all in the cloud.
Add Big Data and analytics to the businesses Oracle wants to dominate in the Cloud.
Salesforce.com is betting that a push into industry-specific versions of its cloud-based software can help it maintain its breakneck pace of growth, and even usurp SAP as the industry's largest enterprise application vendor.
Oracle's database, WebLogic application server and Java programming language will soon be generally available on Microsoft's Windows Azure cloud service, marking a major milestone in the high-profile partnership the vendors announced in June 2013.
Oracle's second-quarter revenue rose 2 percent to US$9.3 billion while net income dropped 1 percent to $2.6 billion, with new software license and cloud subscription revenue flat and hardware product revenue continuing a long slide.
A majority of Oracle shareholders have once again voted against the company's executive pay practices, including for CEO Larry Ellison.
Salesforce.com has rolled out a new product bundle that includes even more applications than its high-end Unlimited Edition, albeit at a higher price.
Hewlett-Packard reshuffled its board this week, adding some prominent tech and business veterans in what may be an effort to escape its turbulent past and give its CEO, Leo Apotheker, some new help.
Oracle has called Hewlett-Packard's lawsuit against its former CEO "vindictive" and says it threatens the companies' close relationship.
Hewlett-Packard is suing its former CEO Mark Hurd, who was named co-president of rival Oracle on Monday, saying his hiring violates the terms of a severance agreement he signed with HP.
Former Hewlett-Packard CEO Mark Hurd has been appointed co-president of Oracle, the software company announced Monday.
Hewlett-Packard has hired executive search firm Spencer Stuart to lead its bid to find a replacement for Mark Hurd.
A Hewlett-Packard shareholder has launched a lawsuit against the company's board alleging mismanagement and breach of fiduciary duties following last week's abrupt departure of Chairman and CEO Mark Hurd.