Oracle Corp News

A US jury handed Google a major victory on Thursday in a long-running copyright battle with Oracle Corp over Android software used to run most of the world`s smartphones.

Oracle Corp posted flat third-quarter revenue and slightly lower profit as the U.S. dollar strengthened, but the business software maker on Tuesday raised its quarterly dividend 25 percent to 15 cents a share.

Oracle Corp posted a 3.5 percent rise in total revenue in the company`s first quarter since Larry Ellison stepped down as chief executive, bolstered by a 45 percent jump in its fast-growing cloud services business.

Oracle Corp`s Larry Ellison, who is stepping aside as CEO, received $67.3 million as compensation in that role in 2014, a 15.5 percent drop from a year earlier.

Oracle Corp longstanding Chief Executive Larry Ellison stepped down on Thursday, to be replaced by younger co-CEOs Safra Catz and Mark Hurd, as the business software company looks to modernize and counter fast-moving, cloud-based rivals.

Oracle sued SAP in 2007 after noticing thousands of suspicious downloads of its software.

The takeover would value Micros at more than USD67 a share.