Illness Forces Oracle CEO Leave of Absence

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Oracle CEO Mark Hurd has taken a medical leave of absence for undisclosed health reasons, saying “though we all worked hard together to close the first quarter, I’ve decided that I need to spend time focused on my health”.

The news comes as Oracle reported flat Q1 earnings, but emphasised success in pivoting from its low margin hardware businesses to higher margin cloud business, with the outgoing CEO saying Oracle’s cloud ERP grew 33 percent in Q1.

That figure included both Fusion ERP and NetSuite ERP.

Oracle

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