Technology: Oracle CEO Mark Hurd to take leave on health grounds; misses quarterly revenue - PressFrom - US
  •   
  •   
  •   

TechnologyOracle CEO Mark Hurd to take leave on health grounds; misses quarterly revenue

00:50  12 september  2019
00:50  12 september  2019 Source:   reuters.com

Four House Republicans Join Democrats to Condemn Trump Tweets as Racist

Four House Republicans Join Democrats to Condemn Trump Tweets as Racist The vote to condemn President Donald Trump‘s tweets going after “the squad” as racist was mostly along party lines, but four Republicans ended up joining with the Democrats. 

Oracle CEO Mark Hurd has come out swinging after the company missed quarterly cloud revenue projections and faced questions about the exit of the company's top exec in Oracle may be known for its databases, but CEO Mark Hurd has his eye on doubling the tech giant's applications business.

Mark Hurd is chief executive officer of Oracle Corporation and a member of the company’s board of directors. He joined Oracle in 2010, bringing more than 30 He is also responsible for Oracle ’s global business units for industries, serving specific markets and industries such as financial services, health

(Reuters) - Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a leave of absence due to health-related reasons, and the business software maker posted first-quarter revenue that missed Wall Street expectations.

Oracle CEO Mark Hurd to take leave on health grounds; misses quarterly revenue© Reuters/LUCY NICHOLSON FILE PHOTO: Mark Hurd, CEO of Oracle Corporation, speaks at the Wall Street Journal Digital conference in Laguna Beach

Shares of Oracle were down nearly 5% in extended trading.

Oracle's total revenue came in at $9.22 billion, falling short of estimates of $9.29 billion, according to IBES data from Refinitiv, indicating that company was struggling to make inroads into the highly competitive cloud computing market.

'My plan is to support the Republican nominee': Texas Rep. Will Hurd

'My plan is to support the Republican nominee': Texas Rep. Will Hurd "One of the things that we should be doing is talking about those things that bring us together," said Rep. Will Hurd, R-Texas.

Finally, take a look at what John Blank wrote about the trade war recently. Looking for Stocks with Skyrocketing Upside? Yahoo Finance Video. Oracle CEO Mark Hurd to take leave on health grounds ; misses quarterly revenue . Reuters.

Oracle CEO Mark Hurd . Hollis Johnson/Business Insider. Hurd got the job at Oracle weeks after leaving Hewlett-Packard, where he'd been CEO for five years. Feloni: We've been talking about an example where you took something that was really ambitious and it met with some resistance, people

The company reported its quarterly results a day before its scheduled release.

"Though we all worked hard together to close the first quarter, I've decided that I need to spend time focused on my health," Hurd said in a statement.

"At my request, the Board of Directors has granted me a medical leave of absence," he added.

Chief Executive Officer Safra Catz and Oracle founder and Chief Technology Officer Larry Ellison will cover Hurd's responsibilities during his absence.

Hurd was named Oracle co-president in September 2010, a month after he was ousted in a controversial fashion from Hewlett-Packard Co, where he had been chief executive since 2005. (https://reut.rs/2kfZh1Z)

(Reporting by Arjun Panchadar in Bengaluru; Editing by Shailesh Kuber)

Trump administration backs Vermont nurse who says she was forced to aid in abortion.
The Trump administration threatened to pull federal support for the hospital.

—   Share news in the SOC. Networks
usr: 4
This is interesting!