United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >


Video Credit: The Street - Duration: 02:04s - Published < > Embed


Oracle investors may feel like they need an Oracle after receiving a double whammy from Oracle Wednesday night.

The company posted earnings a day early and also announced that co-CEO Mark Hurd was taking a medical leave of absence.

Adjusted earnings in the first quarter were 81 cents a share, in line with forecasts, but revenue of $9.2 billion fell short of forecasts of $9.3 billion.

"Though we all worked hard together to close the first quarter, I've decided that I need to spend time focused on my health," Hurd wrote in a message distributed to Oracle employees.

The board granted Hurd his request for a leave of absence, he said in a statement.

Oracle Executive Chairman Larry Ellison said that "Oracle has an extremely capable CEO in Safra Catz and an extraordinarily deep team of executives, many with a long tenure at Oracle.

Safra [Catz] and I will cover Mark's responsibilities during his absence."


Recent related news from verified sources

Amazon Cries Foul Over Microsoft’s $10 Billion Pentagon Contract

Microsoft made headlines several weeks ago when it beat out Amazon for a lucrative Pentagon contract...
WebProNews - Published

You Might Like

Tweets about this

Recent related videos from verified sources

Controversy Surrounds Gabe Kapler's Introduction As SF Giants Manager [Video]Controversy Surrounds Gabe Kapler's Introduction As SF Giants Manager

Former Phillies manager Gabe Kapler is replacing Bruce Bochy as the Giants manager. But his introduction Wednesday was overshadowed by questions about his past. John Ramos reports. (11-13-2019)

Credit: CBS 5 SF KPIX     Duration: 02:31Published

1/1 Interview With New Giants Manager Gabe Kapler [Video]1/1 Interview With New Giants Manager Gabe Kapler

Gabe Kapler sits down with Vern Glenn at Oracle Park shortly after being introduced as the Giants new manager. (11-13-19)

Credit: CBS 5 SF KPIX     Duration: 07:21Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.