Home > News content

CEO sick leave, performance not expected, Oracle post-disk share price plummeted 5 per cent

via:网易科技     time:2019/9/12 8:00:40     readed:194

(Official screenshot)

Nearly 3/4 of Oracle's revenue comes from cloud computing services and licensing support, and the company is trying to break into the competitive cloud computing market.

On the day of the release of the results, Oracle also announced that Hurd would be on leave for health reasons. Hurd joined Oracle as president in 2010, after he worked inHewlett-Packard 公司总部所在地:美国 主要业务:计算机 The company has been chief executive for five years.

Larry Elrison (Larry Ellison), Oracle's founder and chief technology officer, will share Hurd's responsibilities with another chief executive, Zablah Katz (Safra Catz).

Oracle did not specify Hurd's health problems, nor how long he would be away, nor did a spokesman for Oracle respond immediately to requests for comment.

In a regulatory filing Wednesday, Oracle said Hurd would continue to enjoy company benefits during his vacation, earning a total salary of $108.3 million in fiscal year 2018, mostly from options awards.

Oracle shares fell about 5 percent after the announcement on Wednesday, but the stock has risen about 25 percent so far this year.

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments