Oracle swings to loss because of payment tied to dispute over former CEO Hurd's employment

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Oracle swings to loss because of payment tied to dispute over former CEO Hurd's employment
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Oracle's results were clouded by a payment tied to the employment of Mark Hurd, previously co-CEO of the database software maker with current CEO Safra Catz.

The software and hardware maker's results were affected by Oracle's payment of a judgment in a decade-long dispute involving former CEO Mark Hurd's employment.

Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19.shares rose 6% in extended trading on Thursday after the database software maker reported fiscal second-quarter earnings that exceeded analysts' estimates.$1.21 per share, adjusted, vs. $1.

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