Money Matters - Simplified

Forrester Research

Oracle rebounds, reports increase in sales; shares fall

Software monolith Oracle reported an increase of 18 percent in sales, and 17 percent in revenue, the first since recession. Despite the news, Oracle’s shares fell by 1.5 percent.

SAP CEO Apotheker resigns without prior notice

Walldorf, February 8 -- SAP AG Chief Executive Leo Apotheker, unexpectedly resigned on Sunday. The company said it had “reached a mutual agreement” with Apotheker not to renew his contract.