First quarter profit reports put Oracle Corp. earning 62 cents per share as figures of $2.2 billion, or 48 cents a share, on $8.6 billion in revenue, were released. At the same time, co-founder and Chief Executive Larry Ellison, has stepped down as CEO to take up position as Chief Technical Officer and Oracle’s Executive Chairman. Co-presidents Mark Hurd and Safra Catz will take a dual role to fill the gap left by Ellison.
The actual share figures earned 62 cents per share, slightly lower than analysts who were polled by FactSet and reported on Market Watch who forecast Oracle to earn 64 cents a share on $8.78 billion in revenue.
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