Articles about Larry Ellison

Oracle acrobatics in the cloud

What hardware? Oracle is on cloud nine, er, twelve right now – $200,000,000,000

Oracle says it has finally turned the corner with its cloud compute transition as it reports big gains for the business, both in the quarter and the fiscal year. The database giant said that its cloud and SaaS units now account for more than 10 per cent of its total revenue haul and will take on an even larger share of the …
Shaun Nichols, 22 Jun 2017
Scrooge McDuck

Tech moguls dominate Oxfam's rich people Hateful 8

Five of the world's eight fattest fat cats, whose collective wealth equals that of the world's 3.6 billion poorest people – according to a new report by Oxfam – are technology billionaires. Leading the pack is the charity-committed Bill Gates, with $75bn he's honestly trying to get rid of. Carlos Slim Helú has a net worth of $ …
Oracle Chair Larry Ellison on stage at OpenWorld 2016

Oracle takes aim at AWS with cheap, fast public and hybrid cloud

Larry Ellison kicked off Oracle's OpenWorld event in San Francisco on Sunday with news of a second-generation infrastructure-as-a-service offering. The IT giant's supremo claimed the IaaS out-performs Amazon Web Services (AWS), undercuts it on price and will also be sold as on-premises kit tied to a subscription. Ellison told …
Simon Sharwood, 19 Sep 2016
Oracle OpenWorld cloud

Oracle's feeling pretty SaaS-tisfied with itself

Oracle has seen its revenues return to growth as the enterprise computing giant continues its migration away from on-premises systems. The database kingpin once again talked up the growth in its SaaS and PaaS businesses, while hardware and on-premises software continued to decline. This as Oracle is just days away from its …
Shaun Nichols, 15 Sep 2016
Cloudy server conceptual illustration. Photo by Shutterstock

Larry Ellison's Oracle swallows Larry Ellison's part owned Netsuite for $9.3bn

Database titan Larry Ellison’s Oracle is slurping NetSuite - a company he and his family already own a big slice of - for a cool $9.3bn (£7bn) to help him compete better with Salesforce, another firm he part owns. The buy will see Oracle splash $109 per share on the first ever purveyor of software clouds: NetSuite was set up …
Kat Hall, 28 Jul 2016
Pennies in a jar. Photo via Shutterstock

Stopped buying Oracle's kit? You've literally decimated its profit

Oracle is talking up soaring sales for its cloudy operations – while the IT giant's profit has taken a big hit over the past 12 months. "We dramatically overachieved again in the cloud," gushed co-CEO Safra Catz in a conference call with analysts, putting her bruised revenue and net income figures aside. "As the business grows …
Shaun Nichols, 17 Jun 2016
Higher Education and Further Education

US tech CEOs demand Congress programs US kids to be tech workers

A who's-who list of tech industry executives has urged US Congress to pump computer science training into the brains of American kids. The open letter, signed by more than 40 CEOs, board chairs, and company founders, asks all members of the Senate and the House to direct funding and support for programs that would create …
Shaun Nichols, 26 Apr 2016

Larry Ellison's Brit consortium in 'advanced talks' to buy Aston Villa

Larry Ellison is rumoured to be mulling a substantial cash injection into a foundering business which has seen itself unable to compete in recent years with more powerful rivals. No, not Oracle, but Aston Villa, according to the the word on the street and in The Sun, which says that a Brit consortium linked to the US …
Paul Kunert, 21 Apr 2016

Oracle made slightly less money last quarter, and America is to blame

Oracle is blaming a strong dollar in cutting into its Q3 fiscal 2016 numbers. The enterprise giant reported [PDF] a three per cent decline in revenues and a 14 per cent drop in net income on the year-ago quarter, but said that when adjusted for constant currency, revenues would have been up one per cent and income down just …
Shaun Nichols, 15 Mar 2016
Mark Hurd and Safra Catz

Oracle, looks like your revenues were down. 'Cloud! Cloud! Look at the cloud!'

Oracle is pointing to continued growth for its cloud business as the bright side in a quarter that saw the enterprise giant drop revenues slightly, but still top Wall Street expectations. Big Red's fiscal 2016 Q2 numbers ending November 30 were as follows: Total revenues were $8.9bn, down 6 per cent from the $9.5bn haul over …
Shaun Nichols, 17 Dec 2015

Speaking in Tech: Larry Ellison pipes up on EMC/Dell – it's all yours Michael

Podcast speaking_in_tech Greg Knieriemen podcast enterprise It's our weekly tech podcast, hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week Eddie is wandering around Germany while Sarah and Greg talk about Australia, Oracle, Microsoft's limited storage and Twitter hearts. Our special guest this week is John Troyer of …
Team Register, 4 Nov 2015

Oracle's Larry Ellison claims his Sparc M7 chip is hacker-proof – Errr...

Analysis Oracle insists it really is going to sell computers powered by Sparc M7 processors – the same chips it started talking about in 2014. On Monday, Big Red breathlessly unveiled hardware powered by the beefy microprocessor, and on Tuesday, its supremo Larry Ellison lauded the 64-bit CPU's security defenses. One of these defenses …
Chris Williams, 28 Oct 2015

Intel and Oracle push into big data, label IBM and SAP cloud clowns

Larry Ellison has dismissed his two historic competitors, IBM and SAP as "nowhere in the cloud," and used Sunday night's OpenWorld keynote to show off products and services designed to bury Big Blue and the HANA heroes. "We compete with Amazon in cloud infrastructure and never, ever see IBM - this is how much our world has …
Iain Thomson, 26 Oct 2015
Mark Hurd and Safra Catz

Oracle: Over here, look over here! At the cloud! No, not at our glum licensing numbers

Enterprise IT giant Oracle is once again pointing to a growing cloud business to gloss over lackluster financial numbers in other parts of its business. Big Red on Wednesday said that its $8.4bn in first-quarter [PDF] revenues (ending August 31) were down 2 per cent over the same period in 2014, when it logged $8.5bn. Earnings …
Shaun Nichols, 16 Sep 2015
Marc Benioff of Salesforce. Pic: Techcrunch

Someone is trying to buy Salesforce – but who could it be?

Salesforce.com is being eyed up for an acquisition – and has hired financial experts to guide it through the biz gobble, it's claimed. "Salesforce does not comment on rumors or speculation," the San Francisco-headquartered cloud giant told The Register this afternoon in response to whispers. There has been no formal offer for …
Shaun Nichols, 29 Apr 2015
Larry Ellison

Oracle in dollar bother – but Larry's in a fighting mood over cloudy future

Larry Ellison appears unbothered by Oracle's third-quarter revenues remaining flat at US$9.3bn, despite that sum disappointing financial analysts. Big Red revealed its recent results today, and GAAP net income for the three-month period ended February 28 was $2.5bn, down three per cent year on year, or 56 cents per share. …
Iain Thomson, 18 Mar 2015
Screaming kid

Oracle is BETTER at cloud than everyone else so NER, shouts Hurd (no Katz)

Oracle’s co-CEO Mark Hurd is banging the drum for the database giant’s success in cloud computing. In a TV interview Hurd is reported to have come out fighting. “Make no mistake about it, we are laser-focused on taking share, we are focused on growing,” Hurd is reported to have said. “We are focused on driving the company …
Gavin Clarke, 30 Jan 2015

Shareholders pen outraged letter about Ellison's bulging package

Oracle and its founder Larry Ellison are facing fresh calls from shareholders to change the company's high compensation structure for executives, and stop ignoring requests to communicate with directors. Dutch and UK shareholder groups PGGM and Railways Pension Trustee Company Limited have more than 2.8 million members and $ …
Kat Hall, 26 Jan 2015

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