Mark Hurd Appears on CNBC’s Squawk Alley
CNBC – Jun. 23, 2017
Oracle shares opened at $51.62 Thursday — an all time high for the company — putting the stock on pace for it’s best day in 3 years, after better than expected fourth quarter earnings and revenue.
On CNBC’s Squawk Alley, CEO Mark Hurd distinguished the company from it’s competitors.
“We’re different than Amazon. Amazon offers infrastructure, and they started in infrastructure. We’re a differentiated intellectual property company. We make applications. We make platforms, databases, Java, business intelligence, analytics, machine-to-machine capability embedded in those applications,” he said.
Here’s What Oracle CEO Mark Hurd Says About Keeping Up With Amazon
Fortune – Sept. 16, 2016
Oracle CEO Mark Hurd laid out the case on Monday for why the database giant sees big money in cloud computing.
At Oracle’s annual customer conference in San Francisco, Hurd followed up executive chairman Larry Ellison’s Sunday talk on why the tech giant believes Amazon Web Services is Oracle’s biggest competitor in the business of selling computing capacity on-demand, otherwise known as cloud computing.
Hurd gave his talk while sitting behind a desk in front of a backdrop that resembled a set of a late night talk show, complete with a cup of pencils on his desk and several coffee mugs. He proceeded to outline the current state of information technology, remarking that businesses are spending almost nothing on IT compared to previous years.
Oracle’s Mark Hurd: Innovation, Savings Make Cloud Transition ‘Inevitable’
Forbes – Sept. 15, 2016
Having cake. Eating cake. Alone, either is good. But it’s better to have both. That’s what Oracle CEO Mark Hurd says (more or less) about the increasing adoption of enterprise cloud services in a still-challenging economic environment.
“There’s a lot of pressure on companies to perform,” says Hurd. “Executives need ample flexibility to respond to the market. That means both reducing costs and increasing innovation.”
If “innovation” is shorthand for “new research and development spending” or “expanding the portfolio of products and services,” the challenges of improving margins and making new investments appear to be mutually exclusive. But Hurd believes that new, powerful cloud technologies are allowing companies to achieve both goals. And the attraction is undeniable.
Why Oracle thinks it can win the cloud industry
CNBC – Sept. 19, 2016
“What Oracle’s doing different than any of the companies … our strategy is really a whole suite of capabilities,” Hurd told CNBC’s “Squawk on the Street” on Monday. “Long run, we think suites will win. We think we’re in a unique position to take advantage of that.”
Mark Hurd, co-CEO Oracle, on Brexit, Trump and digital government
Diginomica – January 18, 2017
At this week’s Oracle Cloud Summit Analyst Day, I had the opportunity to ask Mark Hurd, co-CEO Oracle about the company’s position as it relates to the current geo-political situation in the US, UK and Australia. I was thinking about the marked difference in tone around digital government over the last year and the likely impact on Oracle government spend. Here was my question:
Earlier in the year, we saw Brexit. We now have Donald Trump just about to go into the White House, and in Australia they seem to have taken a cue from both nations and have created a situation where digital government is becoming very, very difficult. What is your message, as Oracle, to those governments in view of what you’re seeing on the ground in terms of contracts and where people are going?
This is not an easy question for any technology CEO. The fact remains that in all three territories, there has been a general retreat from the progressive ideas of digital government we saw emerging in recent years. Trump for example having gone so far as to say that he distrusts technology. Even so, Hurd gave us an interesting insight into how he sees the picture in the context of Oracle as one of the UK and US’s most important technology providers.