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MarketScreener Homepage  >  Equities  >  Nyse  >  Oracle Corporation    ORCL

ORACLE CORPORATION

(ORCL)
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Delayed Quote. Delayed Nyse - 09/13 06:30:00 pm
53.75 USD   -0.26%
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Oracle : CEO Hurd Taking Medical Leave--Update

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09/11/2019 | 05:52pm EDT

By Sarah E. Needleman

Oracle Corp. said one of its chief executives, Mark Hurd, will take a medical leave from the company, leaving Safra Catz as sole CEO at the business-software giant.

Mr. Hurd said in a note to employees Wednesday that he requested the move to address health issues. Oracle didn't say what issues he may be facing.

Ms. Catz said Mr. Hurd was "extremely engaged" with business through the company's fiscal first quarter, which ended Aug. 31, but added that "now Mark needs to focus on his health." Mr. Hurd was among the Oracle executives slated to speak at the company's OpenWorld industry event next week in San Francisco.

An Oracle representative couldn't immediately be reached for further comment.

The news about Mr. Hurd's leave came as the business-software giant also released its first-quarter financial report a day earlier than anticipated and revealed plans to buy back an additional $15 billion in stock.

Shares in Oracle fell 4% in after-hours trading.

In the latest period, Oracle said its profit fell 6% to $2.13 billion, or 63 cents a share. On an adjusted basis, the company said its profit was 81 cents a share, in line with analysts' estimates, according to FactSet.

Revenue rose less than 1% to $9.22 billion.

Write to Sarah E. Needleman at sarah.needleman@wsj.com

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Financials (USD)
Sales 2020 40 095 M
EBIT 2020 17 676 M
Net income 2020 10 437 M
Debt 2020 26 037 M
Yield 2020 1,71%
P/E ratio 2020 17,3x
P/E ratio 2021 15,7x
EV / Sales2020 5,06x
EV / Sales2021 4,78x
Capitalization 177 B
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Technical analysis trends ORACLE CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 56,54  $
Last Close Price 53,75  $
Spread / Highest target 26,5%
Spread / Average Target 5,18%
Spread / Lowest Target -34,9%
EPS Revisions
Managers
NameTitle
Safra Ada Catz Co-Chief Executive Officer & Director
Mark V. Hurd Co-Chief Executive Officer & Director
Lawrence Joseph Ellison Executive Chairman & Chief Technology Officer
Mark E. Sunday Chief Information Officer & Senior Vice President
Hector Garcia-Molina Independent Director
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