Oracle Corp. , the world’s second- biggest software company, hired former Hewlett-Packard Co. Chief Executive Officer Mark Hurd as a president and board member, reporting to CEO Larry Ellison . Oracle shares jumped.
Salesforce.com Inc., the largest maker of online customer-management tools, forecast profit for the fiscal second quarter that missed some analysts’ estimates as companies curtail spending on new business software.
Oracle Corp. reported sales and profit that missed analysts’ estimates as corporate customers transitioning to Web-based programs bought less hardware and software. The shares fell the most since 2011.
Intuit Inc. is boosting sales of its financial-management and tax-preparation programs with online and mobile versions, helping make up for a slowdown in desktop software, Chief Executive Officer Brad Smith said.
Oracle Corp.’s defeat in a two-year- old lawsuit against Google Inc. will make it harder for the software company to harness demand for mobile devices and benefit from its $7.4 billion Sun Microsystems purchase.
Salesforce.com Inc. forecast fiscal third-quarter profit that missed analysts’ estimates as the company spends on sales and marketing to try and win business from companies shifting to software delivered over the Web.