ORCL - Oracle Corporation
| Previous Close | 54.11 |
| Open | 54.00 |
| Bid | 53.91 x 1100 |
| Ask | 53.92 x 3200 |
| Day's Range | 53.87 - 54.63 |
| 52 Week Range | 42.40 - 60.50 |
| Volume | 4,411,166 |
| Avg. Volume | 12,547,393 |
| Market Cap | 176.961B |
| Beta (3Y Monthly) | 1.19 |
| PE Ratio (TTM) | 17.65 |
| EPS (TTM) | 3.06 |
| Earnings Date | Dec 16, 2019 - Dec 20, 2019 |
| Forward Dividend & Yield | 0.96 (1.72%) |
| Ex-Dividend Date | 2019-07-16 |
| 1y Target Est | 56.32 |
- PR Newswire
Oracle Health Sciences and Phlexglobal Collaborate to Reduce Operational Bottlenecks in Clinical Research
REDWOOD SHORES, Calif., Oct. 23, 2019 /PRNewswire/ -- Oracle Health Sciences, a leader in eClinical technology and Phlexglobal, pioneers in the provision of Trial Master File (TMF) technology and services for the global life sciences industry, have announced enhanced integrations to accelerate the speed and accuracy of regulatory compliance and inspection readiness in clinical trials. A TMF is a requirement that all sponsors and contract research organizations (CROs) must meet to assure that the rights, safety and well-being of trial subjects are protected, that their trials are being conducted in accordance with Good Clinical Practice (GCP) principles, and that the clinical trial data is credible to ensure audit readiness. Phlexglobal's PhlexEview TMF management system uses automation to streamline processes, has an open architecture to ensure easy data integration, and provides advanced functionality designed to better facilitate TMF Management.
- PR Newswire
ORACLE'S ANNUAL MEETING OF STOCKHOLDERS TO BE HELD NOVEMBER 19, 2019
REDWOOD SHORES, Calif., Oct. 22, 2019 /PRNewswire/ -- On Tuesday, November 19, 2019 , Oracle (NYSE: ORCL) will hold its Annual Meeting of Stockholders at 10:00 a.m. PT in the Oracle Conference Center, ...
- PR Newswire
The Juilliard School and Rutgers Tap Oracle Cloud to Manage Educational Back-office System
REDWOOD SHORES, Calif., Oct. 22, 2019 /PRNewswire/ -- To manage complex environments globally, leading higher education institutions The Juilliard School and Rutgers University are turning to Oracle Cloud. Both institutions, looking to accelerate student success through more efficient operations across multiple schools and campuses, have chosen Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Human Capital Management (HCM) Cloud, and Oracle Student Cloud. Founded in 1905, The Juilliard School is a world-famous leader in performing arts education.
- American City Business Journals
'A good move on Oracle’s part': Analysts say this high-profile competitor would be a smart pick for co-CEO role
“He is a customer-facing type guy, definitely, very much so — but he’s also had roles on the internal side,” one analyst tells the Business Journal. “I think that would be a good move on Oracle’s part.”
- Zacks
Infosys & Oracle's Joint Digitization Efforts Gain Momentum
Infosys (INFY) combines Oracle's next-gen technologies with its solutions to help clients grow their business.
- American City Business Journals
Impact Venture Capital to raise $50 million second fund
Sacramento’s Impact Venture Capital is preparing to launch a $50 million second fund in the new year.
- Barrons.com
A Giant Fund Sold Disney, Celgene Stock, Bought Morgan Stanley and Oracle
Dutch pension manager PGGM disclosed third-quarter stock trades. It nearly halved its investment in Disney and exited its position in Celgene completely.
- American City Business Journals
Mark Hurd, with 'loquacious' style, brought Oracle into cloud era through sales revamp
Mark Hurd, remembered as “not a shrinking violet” with a fiercely competitive streak, led the reboot of Oracle's sales organization and changed the way the business operated.
- Bloomberg
Mark Hurd, Oracle CEO Who Led Three Tech Companies, Dies
(Bloomberg) -- Mark Hurd, who was chief executive officer of three major technology companies including Oracle Corp., has died. He was 62.Most recently Hurd was co-CEO at Oracle with Safra Catz where he focused on sales, marketing and press and investor relations, while she ran finances and legal matters. Oracle announced on Sept. 11 that Hurd had begun a leave of absence for unspecified health-related reasons and that Catz and Oracle Chairman Larry Ellison would assume his responsibilities during his leave. The company didn’t disclose a cause of death Friday.“It is with a profound sense of sadness and loss that I tell everyone here at Oracle that Mark Hurd passed away early this morning,” Ellison wrote in an online post. “Mark was my close and irreplaceable friend, and trusted colleague. Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle.”Hurd began his career in 1980 as a salesman for National Cash Register Corp. (now NCR), before rising in the ranks to the CEO post. In 2005, he was hired away as CEO by Hewlett-Packard Co., then the world’s biggest personal-computer maker. Hurd joined Oracle as a co-president in 2010, after resigning from HP following a sexual-harassment probe. While an internal investigation didn’t find a violation of the company’s sexual-harassment policy, it concluded that he violated company standards by filing inaccurate expense reports to conceal a personal relationship with a contractor.During his Oracle tenure, Hurd produced solid revenue and profits as the Redwood City, California-based company’s stock price hit a historic high in 2019. He was also a key driver in Oracle’s turn from an old model of licensing software toward the use of cloud computing, a burgeoning business dominated by rivals Amazon.com Inc. and Microsoft Corp.When he hired Hurd, Ellison said, “There is no executive in the IT world with more relevant experience than Mark.” Ellison described Hurd’s dismissal by HP as the “worst personnel decision since the idiots on the Apple board fired Steve Jobs.”Transformed SalesforceHurd reshaped Oracle’s salesforce. Beginning in 2013, he implemented a “specialist” model that made each member an expert in a single product category. In that year alone, he hired more than 4,000 people to implement his idea.He also created the “Class of” program that was designed to inject a startup feel into Oracle. College graduates were hired for a dedicated program that prepared them to become Oracle’s future sales leaders.In 2014, Hurd and Catz were named co-CEOs, while Ellison continued to serve as chairman of the board, orchestrate management changes and develop products as chief technology officer.Hurd was regarded as the most media-friendly of the trio, frequently serving as the public face of the company to outline its goals. At the time Hurd and Catz were named CEOs, Oracle’s central business was selling software designed to run on gear owned by the customer and charging a license fee. Hurd was among those inside Oracle who saw the company’s future in cloud computing -- which would let customers rent software and run their data on servers owned by vendors such as Oracle. He predicted in 2015 that by 2025 all enterprise data would be stored in the cloud and that 100% of software development and testing would run through it.Today, the company is much less ambitious in its cloud efforts, and has been making smaller promises. In June, Oracle said it would partner with Microsoft, a decades-long rival, to connect the two companies’ cloud services, so customers can use Oracle databases or applications tied to Microsoft’s Azure cloud. While Catz said Microsoft, the world’s largest software maker, wanted an alliance to give clients access to Oracle’s AI-driven databases, the move was a concession—signaling Oracle knew it could no longer go at it alone.It’s now Catz who will have to go it alone, at least for now. Some analysts expect the company will move to appoint a new partner soon. “It’s much more manageable to have two CEOs, so we would be surprised if Oracle goes back to one CEO going forward,” said John Barrett, an analyst at Morningstar Investment Service. “The larger question is how Oracle will go about searching for the co-CEO role and how quickly they can find a successor.”The succession will likely come from within the company’s deep bench. One option is Jeff Henley, Oracle’s vice chairman and former chief financial officer, according to Abby Adlerman, CEO of Boardspan, which provides software and services to address board governance. “I think from a succession planning perspective, they are in a much better place than most companies. They have a lot of options.” Ellison will likely stay close and in the long term, “it’s a matter of if Safra wants to go at it alone. It’s such a big company that there was a reason for the co-CEO role.”Ellison has mentioned Don Johnson, head of Oracle’s cloud infrastructure division, and Steve Miranda, head of Oracle’s applications unit, as possible partners to Catz in the future.Growth StrategyHurd led the charge to make Oracle one of the dominant cloud players, investing heavily in research and development and acquisitions, such as the $9.3 billion purchase of NetSuite Inc., sometimes called the first cloud company, in 2016. Oracle also bought Eloqua Inc., a marketing software company, and Taleo Corp., which makes talent-management.He secured significant deals with AT&T Inc., Bank of America Corp., and Qantas Airlines to transfer their existing databases to the cloud through Oracle. By late 2019, Oracle served more than 420,000 customers in 195 countries and territories, he said.Hurd had gone on a similar acquisition binge at HP, managing about $24 billion in deals, including buying Electronic Data Systems (EDS), as part of a larger plan to diversify the computer maker.He was also a drastic cost cutter who was responsible for firing thousands of workers when he first took over as HP’s CEO and laying off thousands more after the $13.9 billion purchase in 2008 of a struggling EDS, a move many investors disliked.Still, under Hurd’s tenure, HP increased profits for 22 straight quarters, while its revenue rose about 60% and its stock price doubled, according to data compiled by Bloomberg. He also helped HP surpass International Business Machines Corp. as the largest computer maker by sales.There were some dark moments at HP too. In 2006, it was disclosed that Hurd had helped launch an investigation into internal leaks from the company’s board. Outside security consultants conducted surveillance on a journalist and HP board member, and used a subterfuge to acquire phone and fax records for HP employees, board members and journalists. The California attorney general’s office opened a criminal probe into possible privacy violations, and HP’s chairwoman at the time, Patricia Dunn, resigned her post when the scandal broke.For his part, Hurd defended the need to investigate company leakers, but claimed he didn’t know about the investigators’ tawdry tactics because he’d ducked out of a briefing on the investigation and, several months later, ignored a verbal and written summary of the leak probe.After Hurd was ousted following the sexual harassment probe in 2010, HP discontinued making smartphones and its tablet computer. Eventually it split into two companies, one focused on personal computers and printers and the other on software and services.Top CEODespite navigating several scandals, Hurd was lauded by the industry. In 2007, he was named one of Fortune magazine’s 25 most powerful business leaders. In 2008, the San Francisco Chronicle named Hurd CEO of the Year.“Saddened by the loss of Mark Hurd,” wrote Bill McDermott, who stepped down as CEO of SAP SE this month, on Twitter. “He was a self-made success in the industry & presided over mega accomplishments. While we competed vigorously in the market, we enjoyed professional respect. My heartfelt prayers are with Mark’s family on this solemn day.”Mark Vincent Hurd was born on Jan. 1, 1957, in New York and lived on the affluent Upper East Side of Manhattan. His Yale-educated father was a financier who moved the family to Miami while Hurd was in high school. His mother was a debutante.Hurd received a tennis scholarship to Baylor University in Waco, Texas, where he earned a bachelor’s degree in business administration in 1979.He was hired in 1980 as a junior sales person by National Cash Register in San Antonio. He eventually became president, chief operating officer and CEO of the maker of automatic teller machines and cash registers.Based on his NCR record, HP hired him in 2005 as its CEO and added the chairman title the following year.“Mark just blew everybody else out of the water,” said Tom Perkins, a former HP executive who interviewed Hurd for the CEO job.Hurd served on a number of corporate boards and was a Baylor University trustee since 2014.He was married to the former Paula Kalupa in 1990. They had two daughters, Kathryn and Kelly.(Updates with comments from analyst in 12th paragraph)\--With assistance from Nico Grant, Peter Waldman and Candy Cheng.To contact the reporter on this story: Patrick Oster in New York at poster@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals
Remembering the time Oracle's Mark Hurd delighted a roomful of Boston execs
The Oracle executive, who died Friday at the age of 62, gave a memorable performance when he spoke to business leaders at the Boston College Chief Executives Club in 2015.
- Benzinga
Oracle Co-CEO Mark Hurd Dies At 62
Mark Hurd, co-CEO of O racle Corporation (NYSE: ORCL ) and former head of HP Inc (NYSE: HPQ ), died Friday after a month-long leave of absence for health reasons. “Oracle has lost a brilliant and beloved ...
- Bloomberg
Mark Hurd: Silicon Valley’s Ultimate Salesman
(Bloomberg) -- Mark Hurd was in his element at Indian Wells.The tennis tournament–more formally known as the BNP Paribas Open at Indian Wells, California— provided him with the perfect backdrop to flex his passions: tennis and selling stuff. Hurd turned the event, which Oracle Corp. co-founder Larry Ellison bought in 2009, into a two-week database and software sales extravaganza. He could be seen strolling the grounds or at nearby hotels constantly schmoozing with customers and using his connections with tennis legends like Chris Evert and Rafael Nadal to win people over and help close a deal. Along the way, Hurd, Oracle’s co-CEO, would sneak in a hit–he had a big serve and liked to flaunt it–or check on the American college players he was mentoring and the young pros he was quietly helping with financial aid. For Hurd, business and pleasure were one and the same and almost always intermixed in his life.This is what I’ll remember most about Hurd, who passed away Friday morning after a protracted illness: he was a relentless hustler and loved the art of doing business more than just about any other executive I’ve ever run across. In a statement issued after Hurd’s death, Ellison pointed to his friend’s business acumen. “Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle,” Ellison said. “All of us will miss Mark’s keen mind and rare ability to analyze, simplify and solve problems quickly.” Hurd arrived at Oracle in 2010 under tumultuous conditions. He’d resigned as CEO of Hewlett-Packard after being investigated by the company’s board for a relationship Hurd had with a marketing contractor. The board argued that Hurd had tried to cover up the relationship and misused his expense account, and Hurd argued that they were wrong and making much ado about nothing. The squabble was acrimonious enough to end Hurd’s time at HP, even though he had revived the company’s fortunes and turned it into a lean, mean maker of corporate technology products, printers and personal computers.At Oracle, Hurd applied his trademark skills at analyzing balance sheets and streamlining operations to try and improve the software maker’s bottom line. He could recite from memory the financial minutiae of every division and be blunt about what was working and what needed to be fixed. During his years at Oracle, the company’s share price more than doubled, and Hurd was a constant presence at the company’s events, sales meetings and customer sites. In many ways, he became the public face of Oracle, enjoying the limelight while Ellison made the occasional appearance and co-CEO Safra Catz preferred to operate in the background.Though Oracle remains the dominant database company, it still has much work to do to catch up in the booming market for cloud-based software and services. Oracle was late to the game modernizing its products. Hurd tried his best to paper over Oracle’s weaknesses through salesmanship and often succeeded. One of the biggest weaknesses throughout his career, though, was favoring bottom line performance over investing in research and development and revolutionary new products. Hurd often seemed to focus on the here and now, rather than plotting for what lay ahead. Oracle’s dual-CEO structure was unusual and not always to Hurd’s liking, as he reveled in controlling a business and overseeing all of its operations. He took on sales, marketing and press and investor relations, and Catz handled finances and legal. Last month Oracle said that Hurd was taking a leave of absence for an unspecified illness and that Ellison and Catz would assume his responsibilities. Ellison has said that Catz will stay in place and that he would like to keep the two-CEO structure. He cited Don Johnson, head of Oracle’s cloud infrastructure division, and Steve Miranda, head of Oracle’s applications unit, as possible partners to Catz in the future.What’s clear is that Hurd will not be easy to replace. On a personal note, he shared a tight bond with Ellison around tennis. The two men have been pumping money into American tournaments and players for years, hoping to spark a revival of U.S. male pros. And, when Hurd was at his lowest moment after the HP fiasco, it was Ellison who came to the rescue, championing Hurd in the press and offering him a high-profile gig at Oracle. These actions–along with massive annual pay packages-made Hurd very loyal to Ellison and left Hurd as eager as ever to prove Ellison right and his critics wrong.Not short on ego, Hurd saw business as a battlefield and perceived himself as a master general. On his worst days, he was short of temper and combative. But, on his best days–of which there seemed to be many–he was a numbers and strategy savant with a rare ability to inspire those under him to work incredibly hard. Hurd himself was a workaholic and considered Oracle’s performance as a reflection on his character. Very few people are as committed to their work or as passionate in their pursuit of it.Vance covered Hurd for 15 years in his roles as CEO of NCR, HP and Oracle and even played tennis with him once. To contact the author of this story: Ashlee Vance in Palo Alto at avance3@bloomberg.netTo contact the editor responsible for this story: Molly Schuetz at mschuetz9@bloomberg.net, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Barrons.com
Oracle Co-CEO Mark Hurd Dies at 62
Hurd joined Oracle in 2010, not long after he resigned as CEO of Hewlett Packard. He served as co-CEO since 2014.
- Reuters
Oracle co-CEO Mark Hurd dies at 62
Last month, Hurd went on a medical leave for unspecified health reasons, while Catz and founder Larry Ellison took over his responsibilities during the absence. "Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle," Ellison wrote in an email to company employees. Hurd and Catz were named co-CEOs in 2014, after Ellison decided to step aside to focus on his role as chief technology officer.
- MarketWatch
Oracle co-CEO Mark Hurd has died
Oracle Corp. confirmed on Friday that its former co-chief executive Mark Hurd has died at age 62. Hurd had taken a medical leave in September, leaving Chief Executive Safra Catz alone at the helm of the software giant. Hurd had a long career in tech and left HP's chief-executive role in 2010 due to sexual-harassment claims. He joined Oracle that year and had recently been leading the company's corporate direction and strategy. Oracle's stock is off 0.8% in Friday trading. Shares have fallen 6% over the past three months, as the S&P 500 has lost 0.3%.
- American City Business Journals
Oracle co-CEO Mark Hurd dies at 62, remembered as fierce competitor and 'self-made success'
Oracle Corp. co-CEO Mark Hurd died early this morning, weeks after taking a medical leave, the company confirmed to the Silicon Valley Business Journal. He was 62.
- TheStreet.com
Oracle Co-CEO Mark Hurd Has Died at 62
Oracle co-CEO Mark Hurd has passed away about a month after the business software giant announced that he would be taking a medical leave. Hurd, who was 62, joined Oracle in 2010 after leaving Hewlett-Packard where he was named one of Fortune Magazine's 25 most powerful people in business in 2007. A month after he left HP following allegations of sexual misconduct, then-Oracle CEO Larry Ellison named him the president of his company.
- Financial Times
Facebook fights for hearts and minds
It’s hardly an exaggeration to say that Mark Zuckerberg is locked in a battle for the future of his company. Under attack on multiple fronts, Facebook has taken its case to the court of public opinion — as well as before politicians and regulators. to the FT’s Madhumita Murgia how Facebook has been working on preventing child exploitation once it moves to full encryption of messages. This is an attempt to counter the latest challenge from US politicians, who have used child safety as a cudgel to bash the company’s encryption plans.
- InvestorPlace
Amazon Stock Emerges as a Great Way To Play AI (Artificial Intelligence)
One of the key reasons Amazon (NASDAQ:AMZN) stock is one of the most valuable on Wall Street -- with a market cap of $884 billion -- is that the company is willing to take bold initiatives. True, sometimes things fall short, as seen with the move into the smartphone business.Source: Zapp2Photo / Shutterstock.com But for the most part, CEO Jeff Bezos has been able to make the right strategic decisions and deploy resources in a disciplined way. Perhaps the best example of this is AWS (Amazon Web Services). Without this, AMZN stock would likely have a much lower valuation today.The irony is that the company was not the ideal player to be the winner in the cloud. It should have been from a tech operator like Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL) or IBM (NYSE:IBM). These companies had the advantages of large enterprise customer bases as well as strong infrastructures and trusted brands.InvestorPlace - Stock Market News, Stock Advice & Trading Tips AWS Enables Aggressive InvestmentsBezos saw that the cloud was the future of business software. Customers would greatly benefit from the access to a wide assortment of services at a low price. There would also be no need to pay for the hardware, servers and other technologies.The result is that AWS has become a juggernaut, making Amazon the cloud's force to be reckoned with in the 1 position. In the latest quarter, revenues from the business jumped by 49% to $8.38 billion or a run-rate of more than $33 billion. The high operating income from the cloud has also made it possible for Amazon to aggressively invest in other opportunities, such as health care, delivery and online advertising.OK then, so what's next? Can there be another AWS that will continue to power AMZN stock? Well, I think so. And it's AI (Artificial Intelligence). AI Powered Amazon's Original Book RecommendationsKeep in mind that this technology has been a part of the company's focus since its early days. A form of AI was essential for creating the recommendation system for the original online bookstore, which helped propel sales. * 10 Hot Stocks Staging Huge Reversals But of course, the company has continued to push innovation. In fact, a big part of this has been leveraging the huge AWS customer base. To this end, AMZN has been adding sophisticated AI features, including developing a system called SageMaker that makes it easier to create sophisticated models.Yet the most notable example of AMZN's AI is Alexa. Since the launch of this platform five years ago, there have been over 100 million devices shipped. There has also emerged a powerful ecosystem of developers, who have created more than 80,000 skills.According to Chris Nicholson, CEO and founder of Skymind, an AI infrastructure developer, in an email interview: "Amazon is to the smart home what Tesla is to smart cars. It has more devices being used out in the world than any one else, and that gives it a huge advantage in the amount of data it can gather and use to train its AI. Amazon made a play for the home with Alexa and Ring, and it dominates that space like Microsoft used to dominate operating systems." * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) The big play for Alexa is as next-generation e-commerce platform. It's all part of something known as conversational commerce. And it is likely to be a massive market. According to OC&C Strategy Consultants, the spending is forecast to reach $40 billion by 2022 in the U.S. Bottom Line On Amazon StockIt's true that there is lots of hype with AI. Many companies are jumping on the bandwagon so as to get funding. Investors looking for a play in the AI space shouldn't overlook Amazon stock.In artificial intelligence, Amazon.com is the real deal. More importantly, it has the massive platform -- with huge amounts of data -- to be highly competitive in this category. And as seen with AWS, the company knows how to monetize technologies. Thus, when looking for a solid play on AI, AMZN stock is certainly a solid choice.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Penny Stocks to Buy * 7 Bank Stocks to Avoid Now at All Costs * The 10 Best Mutual Funds for Your 401k The post Amazon Stock Emerges as a Great Way To Play AI (Artificial Intelligence) appeared first on InvestorPlace.
- Bloomberg
Reflecting on Oracle CEO Mark Hurd's Legacy
Oct.18 -- Mark Hurd, who was chief executive officer of three major technology companies including Oracle Corp., has died. He was 62. Bloomberg's Brad Stone reflects on Hurd's legacy. He speaks with Bloomberg's Taylor Riggs on "Bloomberg Technology."
- Yahoo Finance Video
Oracle Co-CEO Mark Hurd dies at 62
Oracle Co-CEO Mark Hurd died at 62 years old, after announcing a leave of absence in September due to unspecified health reasons. Yahoo Finance's Dan Howley joins Alexis Christoforous on The Ticker to reflect on his career.
- Yahoo Finance Video
Oracle's Mark Hurd has died
Yahoo Finance Editor in Chief Andy Serwer talks with Julie Hyman, Adam Shapiro, Dan Roberts, Heidi Chung and Pras Subramanian about the career of Oracle CEO Mark Hurd who has died at age 62.
- Yahoo Finance Video
Mark Hurd, Oracle Co-CEO, passes away
Mark Hurd, Oracle's Co-CEO, has died. Yahoo Finance's Julie Hyman, Adam Shapiro and Dan Howley talk about his legacy.
