Mark Hurd Oracle

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 Services and Microsoft Azure.
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Oracle CEO Mark Hurd’s sudden and unexpected announcement that he was going on medical leave is a potential setback for Oracle, analysts said Wednesday. Specifically, they said, Oracle’s sales strategy could suffer while Hurd isn’t at the helm, even as the company renews its efforts around cloud computing.

Hurd said he is taking time off “to spend time focused on my health.” Oracle has not offered any details on the reason for the medical leave or how long he is expected to be away. Safra Catz, Hurd’s co-chief executive, will …read more

Source:: Businessinsider – Tech


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