Oracle’s future remains cloudy, and going forward the business software giant won’t have Larry Ellison at the helm. Ellison will step down as CEO after 37 years, Oracle (ORCL) said after Thursday’s market close. Co-Presidents Safra Catz and Mark Hurd will become co-CEOs. They’ll still report to Ellison, who becomes chairman and chief technology officer. “I am going to continue doing what I have been doing over the last several years
Oracle (ORCL) could exhibit more growing pains when it reports its fiscal Q1 earnings after the market close on Thursday. The database leader will try to rebound after missing Wall Street estimates on the top and bottom lines in its fiscal fourth quarter, generally its strongest quarter. Oracle is working through a tough transition. The company is attempting to move its software business to the cloud while waiting for its 12c database software,
Workday lived up to its reputation as a high-growth company late Wednesday, reporting a 74% jump in Q2 revenue that topped Wall Street expectations. The maker of cloud HR, financial and recruiting software also gave Q3 sales guidance that beat views as the company continues to successfully challenge much larger rivals Oracle (ORCL), IBM (IBM) and others in its enterprise software markets. Workday (WDAY) stock was up a fraction in after-hours