Articles about Mark Hurd

What's going great for Oracle? Cloud. What's not great? Just about everything else

Oracle is shaking off falling revenues in hardware and services by pointing to soaring cloud numbers in the three months to March. House Larry says that its Q3 FY2018 figures show its focus on cloud and SaaS paying off: Revenues of $9.8bn were earned in the last three months, up 6 per cent from the year-ago quarter. Net …
Shaun Nichols, 19 Mar 2018

Oracle swallows sales spurt from one of its niche categories: Cloud

Oracle topped analyst expectations and continued its push into the cloud computing space with another strong quarter. Execs, talking to analysts on Thursday, were optimistic in the database and middleware titan's ability to continue to move from its massive on-prem empire to more cloud and service offerings. Just don't talk …
Shaun Nichols, 15 Dec 2017
Mark Hurd

Oracle CEO Mark Hurd reads 'mean tweets' about his 2025 vision

OpenWorld 2017 Oracle co-CEO Mark Hurd appears incapable of shrugging off criticism of his predictions for the state of cloud computing in the year 2025. During Monday's Oracle OpenWorld keynote, he decided to hit back at his critics with something a little more adversarial than expected. In a moment reminiscent of celebrities reading less- …
Rebecca Hill, 3 Oct 2017
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
Batman. Credit: DC Comics.

AWS v Oracle: Mark Hurd schooled on how to run a public cloud that people actually use

Amazon's AWS infrastructure boss has slapped down Oracle co-CEO Mark Hurd after the latter boasted that Big Red needs fewer data centers because its systems are, apparently, twice as good. Writing on his personal blog this week, James Hamilton, an Amazon distinguished engineer, said the suggestion that Oracle can compete with …
Shaun Nichols, 20 Apr 2017

Cloud-happy Oracle dodges rumors it is axing its traditional hardware ... as sales of traditional hardware fall

Oracle is once more waving around its cloud revenue figures in response to another quarter of falling hardware sales. This ongoing drop in traditional hardware revenue comes as Oracle tries to shake off rumors that it will be winding down its on-premises system divisions from January. Speculation is rife on anonymous internet …
Shaun Nichols, 16 Dec 2016
Oracle OpenWorld cloud

Revealed: The true horror of being a big CEO

Our attention has been drawn to the work of a plucky reporter Julie Bort from Business Insider, who spent a day shadowing Oracle CEO at its OpenWorld jamboree in San Francisco. Finally – a chance to see the real glamour behind the scenes with a top flight chief exec. The day started with coffee at 8am although we were …
John Oates, 28 Sep 2016
Mark Hurd OpenWorld

Lack of Hurd mentality at Oracle OpenWorld: Co-CEO's cloud claims fall flat live on stage

OpenWorld Once again, Oracle's co-CEO Mark Hurd was in a prognosticative mood during his OpenWorld keynote, but the crowd of attendees wasn't buying it. As he did last year, Hurd made some predictions as to where the industry was going on cloud computing by the year 2025, including that two companies would control 80 per cent of the …
Iain Thomson, 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
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
Oracle OpenWorld cloud

Oracle's Hurd mentality: We (and one other) will own all of cloud by 2025

Two companies will own 80 per cent of the software-as-a-service market by 2025 and one of them will be Oracle, the firm's co-CEO Mark Hurd has predicted. Speaking at his keynote on the second day of Oracle OpenWorld in San Francisco, Hurd said that Oracle has spent the last five years rewriting its code base with the cloud in …
Iain Thomson, 26 Oct 2015
Mark Hurd and Safra Catz

Hurd clings to Oracle’s cloud growth as overall revenue declines

Mark Hurd, joint chief exec at Oracle, has come out as predictably bullish on the company's cloud prospects, stating in an interview that customers can't get enough of its fluffy white stuff. Speaking to The Telegraph, Hurd said compared with 12 or 15 months ago "the customer is more excited about and open to the cloud". He …
Kat Hall, 14 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
management strategy1

Oracle confirms David Donatelli hired to head hardware unit

Oracle has confirmed its rumoured hire of former EMC and HP man David Donatelli, and given him the job of running its converged infrastructure business. The exec actually landed at Oracle at the end of March, though the company refused to acknowledge his presence back then - it’s always nicer to work out if the face fits …
Simon Sharwood, 19 Jun 2015
Mark Hurd and Safra Catz

'Oracle, why are your sales f-' CLOUD CLOUD CLOUD, blasts Larry

Investors had their knives out for Oracle once again on Wednesday after the database giant's fourth-quarter results missed analysts' estimates on both earnings and revenue. The report capped off a disappointing year for Oracle, one in which its total revenue for the twelve months was flat from the previous year, at $38.23bn. …
Neil McAllister, 17 Jun 2015
Mark Hurd

Oracle's Hurd says 95% of its software will be cloud services this year

Oracle co-CEO Mark Hurd has said the database giant plans to make substantially all of its software products available as cloud services, and that it will be ready to start signing up subscriptions come this October. Hurd made his comments in an interview with Bloomberg on Thursday, saying that 95 per cent of Oracle's products …
Neil McAllister, 24 Apr 2015

Oracle top execs' stock options slashed for next year

Oracle’s soon-to-be-ex-CEO Larry Ellison took home slightly less money in fiscal 2014 than the previous year, after some rumblings of criticism at the sizeable nature of his big package. The poor billionaire bagged just $67.3m in compensation, instead of the $78.4m he made in fiscal 2013, a markdown of 15.5 per cent. Missing …
Oracle headquarters

First day of Hurd'n'Catz at Oracle: It's dis-fur-pointing for Wall St

Oracle posted results that missed analysts' expectations yet again on Thursday, in a Q1 2015 earnings report that was all but overshadowed by the unexpected news that Larry Ellison has stepped down as CEO. Revenues for the quarter were $8.60bn, a scant 2.68 per cent gain over the same period a year ago and below even the …
Neil McAllister, 18 Sep 2014

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