Safra Catz is appointed as the sole CEO of Oracle. The decision comes after the tragic death of former CEO Mark Hurd in October this year. The news of her appointment is confirmed by Larry Ellison in the company’s second quarter results.
“We have no plans for having a second CEO, it was an unusual situation,” Oracle co-founder and chairman Ellison was quoted as saying by Computing. “Mark and Safra were a fantastic team, but we have complete confidence in our existing team.”
In the company’s second-quarter results, Oracle reported total revenues of $9.6 billion, up 1% in USD and in constant currency compared to Q2 last year.
Also, the company’s management team has been strengthened after the appointment of Vishal Sikka to the company’s Board. Vishal Sikka is the founder of Vianai, former CEO of Infosys, and former CTO at SAP.
Safra A. Catz has also served as the company’s Chief Financial Officer from 2005 to 2008. She was the Executive Vice President from 1999 to 2004, and Senior Vice President from April to October 1999. She also served on the board of directors for HSBC Holdings from 2008 to 2015.
Oracle has recently announced its SaaS Momentum in India. Its Oracle Cloud Applications is now live on Oracle’s Generation 2 Cloud Region in India. With its deployment in Oracle Cloud Regions in India, Oracle Cloud Applications can now be leveraged by existing and new customers, including those operating in sectors that are bound by the country’s regulatory environment such as public sector or banking and telecom companies.
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