Oracle Names New Co-CEOs
Digest more
With a focus on cost-efficiency, flexibility, and specialized use cases, Oracle has transformed from a legacy software giant to a serious contender in the public cloud space.
Oracle stock rose over 6% Monday as the White House confirmed that the software giant is part of a consortium of investors that will control TikTok's US operations. The company also separately announced a CEO shakeup.
Oracle is in talks with Meta for a multi-year cloud computing deal worth about $20 billion, underscoring the social media giant's drive to secure faster access to computing power, a person familiar with the matter told Reuters on Friday.
Oracle has massive contracts with many key players in AI right now. Here's how the soon-to-be Nashville-bsaed company is fairing on a global scale.
The conventional wisdom was that by buying Sun, Oracle was getting into the server business. In actuality, the Sun acquisition brought Oracle the systems expertise that would be the key, not only to its growing Exadata business, but to a future cloud business that the company had not even envisioned back in 2009.
Oracle Corp (NYSE:ORCL) shares skyrocketed after the company’s latest quarterly results. The company said it expects booked revenue to exceed $0.5 trillion.
The Register on MSN
Two heads better than one? Oracle gives the co-CEO model another shot
Cloud and apps chiefs step up as Safra Catz moves upstairs. Larry remains Larry Oracle on Monday named Clay Magouyrk and Mike Sicilia as its new co-chief executives, replacing Safra Catz, who will shift into the role of executive vice chair of the board after more than a decade as top dog.