Oracle stock drops 9% after weaker-than-expected earnings
Software titan Oracle reported underwhelming quarterly results this afternoon, leading the company’s stock to drop more than 9 percent in after-hours trading.
Oracle provides enterprises and governments with software and data-center hardware. Sales for the company’s fiscal second quarter disappointed Wall Street analysts. The company’s revenues were up just 2 percent to $8.8 billion, and profits amounted to 54 cents per share. Analysts had expected sales of $9.23 billion and a per-share profit of 57 … Continue Reading
Oracle puts down $1.5B for RightNow’s cloud-based sales force service
Oracle plans to acquire cloud-based sales force automation and customer service company RightNow for $1.5 billion, the company announced Monday morning.
The planned acquisition makes a ton a sense in light of Oracle CEO Larry Ellison’s announcement earlier this month to finally push Oracle into public cloud computing after many years of shunning cloud services. The Oracle Public Cloud will let its customers use Oracle apps direct from the Web or deploy native apps in … Continue Reading
Oracle’s Larry Ellison finally puts his head in the cloud
Oracle CEO Larry Ellison on Wednesday finally announced that his company would take the plunge into public cloud computing with Oracle Public Cloud. He made the announcement on stage at Oracle’s OpenWorld conference.
Oracle’s emphasis for several years has been on powerful hardware and software solutions for data centers and enterprise customers. Ellison in the past decried true cloud solutions as “water vapor” and “idiocy.” But the company will soon provide infrastructure as a service … Continue Reading
Infographic: Charting Larry Ellison’s Silicon Valley offspring
Oracle chief executive and fifth richest person in the world Larry Ellison is indisputably one of the most influential figures in Silicon Valley. He has also managed to spawn a generation of notable tech leaders, as you can see in this Oracle family tree infographic from SoftwareAdvice.
The 21 executives on this chart all worked at Oracle before striking out on their own. The top half of the chart shows executives who work at companies … Continue Reading
Entrepreneur of the year finalists enter prestigious circle
This sponsored post is part of a series of profiles on Ernst & Young “Entrepreneur of the Year” finalists. Click here to keep up with the rest of the series.
VentureBeat recently teamed up with Ernst & Young to profile a number of promising entrepreneurs.
These innovators, all from northern California, were finalists for prestigious E&Y’s Entrepreneur of the Year award, which is now in its 25th year.
The finalists are in company with … Continue Reading
