Oracle co-CEO Mark Hurd has died from an undisclosed illness. He was only 62 years old. Hurd had stepped down from his CEO role at Oracle on September 11, just prior to Oracle’s annual Open World conference. Hurd was previously CEO of HP prior to going to Oracle.
“The applications market is about $125 billion per year,” says Oracle CEO Mark Hurd. “That is spent primarily on applications and most of it today is spent on on-premise applications. That market changes pretty significantly as it moves to cloud.
“We have a big existing on-premise user base and I believe all of them will move to the cloud,” said Oracle CEO Mark Hurd. “In fact, I was with a large group of our users just last night and they’re all going to move on their time frame. When we get to a certain point you will start to see a geometric move in the market and it will be significant.”
Oracle CEO Mark Hurd says that because they have a founder like Larry Ellison they are focused on generational changes. “At the end of the day what’s in our DNA deeply is to build for the future,” said Hurd.
Oracle’s Larry Ellison introduced the Generation 2 Cloud at Oracle OpenWorld 2018 yesterday with a primary emphasis on security. “Other clouds have been around for a long time, and they were not designed for the enterprise,” Ellison said.
The release by Oracle of its AI-powered Autonomous Database Cloud earlier this year and adding Transactional Processing last week is huge for Oracle and its customers who need this cutting edge technology.
Oracle posted its fiscal 2013 Q1 earnings report on Thursday. While profits were up 15%, revenues were down 2% to $8.2 billion, though GAAP new software licenses and cloud software subscriptions were up 5% to $1.6 billion. Non-GAAP new software…
Following the announcement of HP CEO Mark Hurd’s departure, the attorney of Jodie Fisher, the contractor who made the sexual harassment claim against him released a statement from her client.
Fisher had the following things to say:
"I was surprised and saddened that Mark Hurd lost his job over this. That was never my intention."