Articles about Safra

Larry Ellison, photo by Oracle Corporate Communications

Oracle's Larry Ellison quits as CEO – new bosses are Hurd'n'Catz

Oracle has, in the past few minutes, announced that company founder Larry Ellison has stepped down as chief executive, effective immediately. Outspoken Ellison will remain with the company in the capacity of chief technology officer, and he will continue to oversee all software and hardware engineering functions, Oracle said in …
Neil McAllister, 18 Sep 2014
Larry Ellison's keynote at Openworld 2014

Larry: Oracle's now a CLOUDY biz. Ignore everything I said before

Despite once declaring that the cloud was “complete gibberish”, “insane” and “idiocy”, former Oracle head honcho Larry Ellison has announced that the firm is now ready to be the foundation of the cloud for its customers. Larry Ellison speaking at Oracle Openworld yesterday (28th September) Speaking at the company’s Openworld …
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 lowest …
Neil McAllister, 18 Sep 2014
Mark Hurd and Safra Catz

Hurd'n'Catz leading Oracle to the cloud, but core biz still lags

Oracle beat analysts' estimates for once for the second quarter of its fiscal 2015, with an earnings report that otherwise showed only modest results. The database giant's total revenues of $9.6bn for the three months that ended on November 30 were better than expected, but still only amounted to 3.5 per cent year-on-year growth …
Neil McAllister, 18 Dec 2014

AW, SNAP, Oracle. You've shrivelled up poor Larry Ellison's package even more

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 managed to make off with in fiscal 2013, a markdown of 15.5 …

Oracle, the King of Cloud? Maybe in Ellison's world

Analysis Oracle's executive team spent most of its second-quarter earnings conference call on Wednesday talking about its cloud business – which made sense, since that was the only part of the business that showed significant growth. As in last quarter's call, the trio of Safra Catz, Larry Ellison, and Mark Hurd chirped away about the …
Neil McAllister, 18 Dec 2014

Oracle cold bath shrinks Larry Ellison's pay package

Oracle's Larry Ellison, one of the world’s richest men and best-paid CEOs in the US, is getting his pay cut by more than half. The database giant's chief executive has been awarded just 3 million stock options by its compensation committee in its annual review process. That’s down from 7 million the year before and every year …
Gavin Clarke, 05 Aug 2014
Ada Lovelace, credit 2D Goggles

Ada Lovelace Day: Meet the 6 women who gave you the 'computer'

Ada Lovelace Day Ada Lovelace Day, 14 October, marks the achievements of women in the fields of science, technology, engineering and maths (STEM). Women have ascended to great heights in the technology sector – Ginni Rometty is chairperson, president and chief exec of IBM, Meg Whitman and Marissa Mayer are CEOs of Hewlett-Packard and Yahoo! …
Gavin Clarke, 14 Oct 2014
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Oracle takes an arrow to the EPS: It's that darned strong dollar... again

Oracle is claiming a $9.3bn haul of revenues, up 4 per cent year-on-year, in its third quarter of fiscal 2014 – but that fell short of Wall Street analyst earnings expectations. The company said that on the quarter it saw GAAP earnings per share of $.56, up 8 per cent and just short of the projected 10 per cent increase. Overall …
Shaun Nichols, 19 Mar 2014

Brit boffin brews INSTANT HANGOVER RELIEF

Professor David Nutt, a boffin who has advised the UK government on drugs policy and now holds the Edmond J Safra chair in Neuropsychopharmacology at Imperial College, London, is brewing a new drug that will replicate the sensations produced by alcohol but also be instantly reversible and not produce hangovers. Speaking to the …
Simon Sharwood, 12 Nov 2013
Oracle Termites

Oracle shares pummeled after giant reports glacial growth

Oracle's shares dropped sharply after the database giant reported results that – yet again – missed analysts' expectations. Ellison & Co. reported revenues of $11.32bn and an earnings-per-share (EPS) of $0.92 for its fourth financial quarter of 2014 on Thursday, missing analyst expectations of $11.48bn and an EPS of $0.95. …
Jack Clark, 19 Jun 2014
Artist's impression of thunder-thighs kicking a lesser dinosaur into touch. Pic: UCL

Larry Ellison: Who's the DINOSAUR NOW, cloudy rivals?

There’s more to cloud than putting an ad on the back of The Economist, as a relatively contrite Larry Ellison and Oracle tried to demonstrate this week. His PR people rattled out the product news at Oracle’s OpenWorld conference in San Francisco, California, like he, or they, were trying to prove something. What could it be? “ …
Gavin Clarke, 02 Oct 2014
Oracle's Iron Man 2 ad

Oracle: Our figures say hardware has flatlined, but we assure you it hasn't

Database and wannabe hardware giant Oracle has beat Wall Street expectations after nine disappointing months, and said cloud services are one of its three main growth areas for next year. The company reported its second-quarter results for its fiscal 2014 year on Wednesday, and surprised analysts by stemming the rot in new …
Jack Clark, 19 Dec 2013
The Register breaking news

Apple's head bean counter boasts WORLD'S BIGGEST PACKAGE

Apple's chief financial officer Peter Oppenheimer has been named the best paid corporate bean counter of 2012. According to data from Bloomberg News, the uber-accountant was paid $68.6 million; over an order of magnitude more than the piddling $4.17 million pocketed by his CEO, Tim Cook. Oracle's CFO Safra Catz edged into …
Jasper Hamill, 09 May 2013
Larry Ellison, photo by Oracle Corporate Communications

Why Oracle CEO Larry Ellison had to go ... Except he hasn't

Analysis What's the difference between God and Larry Ellison? God doesn't think he's Larry Ellison. So goes the title of Mark Wilson's 2003 biography on Ellison, Oracle's now former chief executive – a man who by force of will forged a multi-billion dollar software empire. In the process, Ellison became not just the best-rewarded CEO on …
Gavin Clarke, 19 Sep 2014
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Oracle chief bean-counter mysteriously quits database giant

Software maker Oracle has let go of its chief finance officer, Jeff Epstein, without revealing why the exec had resigned from the company. He has been replaced by the firm's current president Safra Catz. Epstein, who had reported to Catz during his tenure, only joined Oracle in September 2008. The company confirmed Epstein's …
Kelly Fiveash, 26 Apr 2011

It's CLOUD WAR says Larry Ellison: parachute in the sales team

Larry Ellison has promised to bring holy price down upon the heads of cloud computing infidels. Microsoft, Amazon, Rackspace and Salesforce are all on notice: Ellison’s database giant will take them on, in infrastructure, platform and on apps. Ellison told Wall St on Wednesday he will be “price competitive” with Amazon’s AWS, …
Gavin Clarke, 20 Dec 2013
The Register breaking news

Technology tops Forbes list of 100 most powerful women

The latest list from Forbes of the 100 most powerful women on the planet suggests that the technology industry is leading the way in promoting sexual equality, contributing 15 per cent of the spots overall and a quarter of the top 20 positions. The technology industry contributed more names to the list (see below) than any other …
Iain Thomson, 24 Aug 2012

Oracle posts flat revenues on slow software sales

Oracle execs were quick to talk up the company's cloud efforts during its Q4 2013 earnings call on Thursday, but slow software sales disappointed investors and sent Oracle's shares tumbling in after-hours trading. Total revenues for the fourth quarter of Oracle's fiscal 2013 were flat at $10.9bn when compared to the same period …
Neil McAllister, 20 Jun 2013
The Register breaking news

Four Apple execs among US top five best-paid in 2012

Four the top five highest-paid executives in the S&P 500 last fiscal year were Apple senior managers – and CEO Tim Cook was not among them. According to a Bloomberg report on Monday, Apple's board of directors are apparently quite eager to keep their top team members happy – and, more importantly, to keep them from straying off …
Rik Myslewski, 15 Apr 2013
Larry Ellison

Oracle's hardware wing keeps on bleeding

Oracle's shares dropped 7 per cent in after-hours trading in response to an quarterly earnings report that showed muted adoption for its latest software offerings and a continued shrinkage in its troubled hardware division. The database giant reported on Wednesday third quarter earnings of $2.504bn on revenues of $8.958bn – down …
Jack Clark, 20 Mar 2013

Oracle's Ellison wanted an NBA team for Xmas - instead he got Eloqua

Larry Ellison has made no secret that he wants to own a professional basketball team. Now he owns a company called Eloqua, which does the marketing for some NBA teams and about 1,200 large corporations. While that is not quite the same thing, Borg'ing small, nice software companies is certainly more Oracle's game than owning any …

Ellison: Oracle will grow hardware biz soon

It is hard to watch the continuing decline in the Oracle systems business and not be concerned, but that is precisely what Oracle co-founder and CEO Larry Ellison wants you to do. Oracle is focusing on making the Sun businesses it has pruned (as distinct from the ones it has culled) profitable, and will worry about growth later …
The Register breaking news

Google offers Oracle slice of Android profits for patents

Google has proposed terms its on-going patent spat with Oracle over Java's contribution to Android by offering Ellison's crew a payment for past infractions and a miniscule slice of further revenues from the operating system, should Google be found to be in violation. According to court papers (PDF) filed on Tuesday, Google is …
Iain Thomson, 28 Mar 2012
The Register breaking news

Oracle rejects Google's man for mediation

We didn't really expect Larry Page to take two full days out of the Googleplex to sit down and talk about patent infringements with the software company Oracle – he's got maths to do, nerds to manage and Google+ updates to write. But Google could have come up with someone a bit senior to meet the mediation team from the enraged …
Anna Leach, 08 Sep 2011
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Microsoft 'paid over £1m to silence UK exec over sexism'

Microsoft has been accused of paying a senior executive over a million pounds in a settlement to silence claims that she was passed over for promotion to the head of Redmond’s UK operations. An anonymous source told The Daily Telegraph that Natalie Ayres had been passed over for the top job in 2006, despite her 15 years with the …
Iain Thomson, 19 Sep 2011
The Register breaking news

Round two for Larry vs Larry Java face-off

The two Larrys will be back in mediation tomorrow, after a day of talks failed to come to any resolution in the Oracle versus Google case over Java patents. Ellison and Page, Oracle and Google CEOs respectively, were ordered to resolve their differences in front of a federal judge in California on 19 September, and will be back …
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'Special relationship': Oracle bags UK.gov contract renewal

Database giant Oracle has bagged a renewed contract to supply its technology to Whitehall in a deal that the Cabinet Office claimed would save £75m for taxpayers by 2015. The California multinational is one of the biggest provider's to government, Francis Maude's department said when announcing the agreement this morning. It …
The Register breaking news

Two Larrys to go head-to-head in Google-Oracle case

It's on: Ellison versus Page. The top executives of Oracle and Google have been ordered to get in a room together and try to resolve their multi-billion-dollar Java patent clash like grown-ups, face to face. The Larrys must show up on September 19 at 9am Pacific time, a US magistrate has said in a written court order. The Oracle …
Gavin Clarke, 12 Sep 2011

Oracle and SAP are Big Software, but for how long?

When Oracle announced disappointing third-quarter results in March 2013, executives at the company were quick to blame poor sales execution for a two per cent decline in new software licences and cloud software subscriptions. It wasn't a symptom, they insisted, of underlying problems with the company’s product portfolio - or …
For Sale sign detail

HP's Hurd set to join Oracle

Mark Hurd, pushed from the top job at HP after allegations of sexual harassment and misfiling of expenses, is about to get a board post at Oracle. Although neither the company nor its founder Larry Ellison would comment on the record a vote is expected within the next few days, according to both the FT and the Wall Street …
John Oates, 06 Sep 2010
Larry Ellison, photo by Oracle Corporate Communications

Oracle gears up for infrastructure cloud and 12c database launches

Larry Ellison has let the cat out of the bag about some announcements that Oracle is making at OpenWorld in San Francisco. The much-awaited Oracle 12c database is coming in two weeks, as is an infrastructure cloud service for the Oracle Cloud, he announced on Thursday. Oracle 12c will sport features for secure multi-tenancy …
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Oracle's Africa dealings under FBI, SEC, DoJ investigation

Oracle is reported to be under investigation by the US authorities for breaking federal anti-bribery laws in Africa. The FBI field office in Washington, fraud prosecutors in the Justice Department's criminal division, and attorneys for the Securities and Exchange Commission (SEC) are reported to be looking into sales of Oracle …
Gavin Clarke, 31 Aug 2011
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Oracle systems group slammed again in Q3

Oracle has gotten its software business back on track and is fixing to get its systems house in order soon as well, the top brass at the software giant and hardware maker have declared. In the financial quarter ended on leap day, Oracle's sales rose by 3 per cent to $9.04bn, driven by higher than expected sales of new software …
Shot of HP CEO Mark Hurd at press conference

What is Mark Hurd working on?

Blocks and Files Look, this is off the wall, and I'm putting together an absence from the public eye and thoughts from a couple of sources - and maybe wishful thinking - but, here we go; what is Mark Hurd working on at Oracle? The Hurdster has been absent from public engagements for a couple of months it seems. He gets recruited …
Chris Mellor, 16 Mar 2011
cloud

Oracle defies the economy – and the curse of Sun

Declining hardware sales, a rocky global economy, and a tough compare with the prior quarter did not slow down Oracle much in its first quarter of fiscal 2012 ended August 31. But these factors did slow it down a little. However, it was not enough to keep Oracle's profits from rising nicely as the company wrings costs out of the …
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HP threatens Oracle with legal action for jumping Itanic

HP has threatened legal action in response to Oracle's recent decision to withdraw support for its software on future Itanium processors. In his keynote address at HP's Discover 2011 event in Las Vegas today, Martin Fink – senior vice president and general manager of HP's Business Critical Systems unit – hinted that HP will soon …
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Oracle fails to convince MySQL doubters

Oracle has failed to persuade the European Commission that it will provide a safe home for MySQL. The Commission is currently looking at Oracle's takeover of Sun, and has previously said it is especially worried about the fate of free database MySQL. A spokesman for Competition Commissioner 'Steelie' Neelie Kroes said the …
John Oates, 22 Oct 2009
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HP sics Spaniards on Larry Ellison

Hewlett-Packard's legal fight with Oracle over Intel's Itanium processor has now landed in Spain. On Friday, La Comisión Nacional de la Competencia (CNC), the Spanish antitrust authority, released a statement saying that it had launched for formal investigation into Oracle's decision to cease development of its database, …
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HP sues Oracle over Itanic withdrawal

Hewlett-Packard has sued Oracle, just like it threatened it might last week, over the software giant's refusal to support the Itanium processor with future releases of its database, middleware, and application software. The complaint, filed in Santa Clara County Superior Court on Wednesday, asserts ten grievances against HPs …
The Register breaking news

Oracle power couple take Manhattan by billboard

A bizarre series of billboards have appeared in Manhattan, featuring the grinning mugs of Oracle president Charles Phillips and partner YaVaughnie Wilkins. The posters feature a touchingly romantic message - from "c.e.p," aka Phillips - complete with an incredibly long URL that invites passing New Yorkers to visit an online …
Gavin Clarke, 21 Jan 2010
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Oracle hammered as hardware sales soften

Software behemoth and systems player Oracle missed its projections for both hardware revenues and new software license sales in its second quarter of fiscal 2012. While Oracle was facing a very tough compare, the miss is something that will make Wall Street and the rest of the IT community jittery for a spell – at least until …
The Register breaking news

Ellison taps ex-HP CEO Hurd as Oracle co-prez

Ex-HP CEO Mark Hurd has been named co-president at Oracle. Maybe Charles Phillips, one of the two former co-presidents of software giant and hardware wannabe Oracle, should have spent more time on the tennis courts with founder and CEO Larry Ellison and less time in the office. The strategy seems to have worked well for Hurd. …
The Register breaking news

Oracle rolls its own NoSQL and Hadoop

OpenWorld There's no shortage of ego at Oracle, as evidenced by the effusion of confidence behind the company's OpenWorld announcement of the not-so-humbly named Big Data Appliance. And then there were the o'erweening keynote presentations by some of the software giant and systems player's top brass on Monday, which included a montage of …
Broken CD with wrench

Hurd to take $950,000 salary after Oracle pay cut

Mark Hurd will take a 25 per cent pay cut to work for Larry Ellison — if HP fails in its legal maneuver to block the Oracle CEO's audacious hire. Ellison has offered HP's former chief a salary of $950,000 as an Oracle president and board member — stratospheric by mortal standards, but down from Hurd's $1.27m take at HP. Hurd …
Gavin Clarke, 08 Sep 2010
The Register breaking news

Oracle to triple Exadata installs this year

Software giant and hardware upstart Oracle has closed out its first ever $10 billion quarter, and the company told Wall Street that it can triple the base of Exadata clustered database systems in its fiscal 2012 year. In the fourth quarter of fiscal 2011 ending May 31, Oracle raked in $10.8bn in revenues, an increase of 13.4 per …
The Register breaking news

Oracle expects EC to approve Sun takeover bid

Database giant Oracle expects European Commission antitrust watchdogs to give the thumbs up to the company's multi-billion takeover bid for Sun Microsystems after Christmas. "We expect the European Commission to unconditionally clear the acquisition of Sun in January," said Oracle president Safra Catz yesterday, as the firm …
Kelly Fiveash, 18 Dec 2009
fingers pointing at man

Apple COO Cook to take the HP helm?

Updated What kind of fool would leave Apple's second-in-command job to run Hewlett-Packard? Probably not chief operating officer Tim Cook, but that is the rumor running around the Intertubes right now, and it has spooked Wall Street. HP is hosting its financial analysts meeting in Palo Alto this afternoon, local Silicon Gulch time, and …
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Oracle wants seal busted on HP's Itanium suit

Oracle has called on a California court to publicly reveal the sealed portions of the lawsuit HP brought against the software company over Intel's Itanium processor. HP says its happy to make the documents public, but there's a caveat involving the settlement agreement between the two companies over ex–HP CEO Mark Hurd. Even …
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IBM gets fat on Oracle-HP Itanium spat

With Oracle pulling the rug out from underneath Intel's Itanium processor in an effort to undermine rival HP's Unix-server business, two obvious questions arise: What makes Itanium so special that it has roused the disaffections of the software giant? And why hasn't Big Blue's Power Systems platform been tarred with the same …