The late Oracle co-CEO was a relentless hustler and loved the art of doing business more than just about any other executive. By Ashlee Vance.
US enterprise software giant Oracle has listed South Africa as one of the countries where it plans to invest in cloud data centre facilities before the end of next year.
Oracle said CEO Mark Hurd will take a leave of absence for health-related reasons. Founder Larry Ellison and Safra Catz, who shares the CEO role with Hurd, will assume Hurd’s responsibilities during his absence.
SAP fell the most in nearly five years on signs that its $10-billion bet on cloud-based software faces headwinds, but the companies executives are adamant there is still room to grow.
Boosted in part by escalating US tensions, one Chinese upstart, PingCAP, is stepping in, winning over tech giants, start-ups and financial institutions to its enterprise software.
Oracle announced on Wednesday that it has secured a cloud-computing alliance with Microsoft, an acknowledgment the database giant’s go-it-alone approach to the cloud wasn’t working.
Oracle will dismiss several hundred workers in May as the world’s second largest software maker tries to rejig its faltering cloud computing strategy.