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Analysts say Oracle CEO Mark Hurd's medical leave is a 'huge blow' at a crucial moment: ‘Oracle needs fewer distractions, and this is a major one'

7 days ago   |   By Business Insider

Analysts said Oracle CEO Mark Hurd's surprising announcement that he is taking a medical leave is a setback for the tech giant.
Oracle did not offer details for Hurd's leave, though the company held its earnings call a day ahead of schedule to make the announcement.
"This is a huge blow," analyst Patrick Moorhead told Business Insider. IDC President Crawford Del Prete said it was a "tough situation" for Oracle. " Mark is the face of Oracle's salesforce."
It comes as Oracle aggressively pushes to play a larger role in the cloud computing market, which is dominated by players like Amazon Web...
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Oracle CEO Mark Hurd to take leave on health grounds; misses quarterly revenue

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

7 days ago   |   By 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.
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Oracle CEO Mark Hurd is taking a leave of absence, saying he needs 'time focused on my health'

Oracle CEO Mark Hurd is taking a leave of absence, saying he needs 'time focused on my health'

7 days ago   |   By Business Insider

Oracle CEO Mark Hurd is taking a leave of absence, saying he needed "to spend time focused on my health."
Oracle shares fell more than 5% as the company also reported fiscal first quarter results.
Oracle founder Larry Ellison and CEO Safra Catz offered their support to Hurd. Catz said Hurd "extremely engaged with the business through the end of our just completed Q1, but now Mark needs to focus on his health."
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Oracle CEO Mark Hurd announced Wednesday he is taking a leave of absence saying he needed "to spend time focused on my...
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