Connect with us

Smart Technologies

Oracle co-chief Mark Hurd to take leave of absence for health reasons

Published

on

Oracle co-chief govt Mark Hurd will take a go away of absence for well being causes, the software program firm introduced Wednesday.

In a memo to staff, Mr Hurd stated he determined to spend time specializing in his well being, and Oracle’s board had granted him a medical go away of absence at his request.

Oracle founder Larry Ellison, who serves as govt chairman and chief expertise officer, stated he and co-chief govt Safra Catz would cowl Mr Hurd’s tasks throughout his absence.

“As you all know, Larry, Safra and I’ve labored collectively as a powerful workforce, and I’ve nice confidence that they and the complete govt administration workforce will do a terrific job executing the thrilling plans we’ll showcase on the upcoming OpenWorld,” Mr Hurd stated.

The information got here as Oracle reported quarterly monetary outcomes a day sooner than scheduled, revealing earnings that met forecasts whereas income fell quick.

The enterprise software program maker earned internet revenue of $2.14bn in its fiscal first quarter that ended August 31, down from $2.27bn within the year-ago interval. On an adjusted foundation, Oracle’s earnings per share rose 10 cents to 81 cents, matching analysts’ common estimate in a Refinitiv ballot.

Income climbed barely to $9.22bn in contrast with $9.19bn a 12 months earlier. Analysts had been searching for about $9.29bn. Oracle booked a three per cent achieve in revenues from cloud providers and license assist, whereas its {hardware} unit noticed its gross sales drop 10 per cent.

“As our low margin {hardware} companies proceed to get smaller, whereas our increased margin cloud enterprise continues to get greater, we anticipate Oracle’s working margins, earnings per share and free money circulation all to develop,” Ms Catz stated.

Oracle’s shares pared their after-hours losses to commerce 2.1 per cent decrease, after rising 1.5 per cent throughout Wednesday’s common session.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Smart Technologies

How Telecommuting Has Changed Real Estate

Published

on

As wi-fi know-how adjustments how and the place folks do their jobs, giving many the liberty to work remotely at the least a part of the time, so too is it altering their pondering round actual property.

Distant employees nonetheless symbolize a minority of the work power. In line with the Bureau of Labor Statistics, as of final yr, about 24 % of employed individuals labored at the least a part of the time at house; amongst these with superior levels, it was 42 %. In a survey final yr of 23,000 new house customers, John Burns Actual Property Consulting, a agency with workplaces throughout the nation, discovered that roughly 30 % labored at house between one and 4 days per week; 13 % labored at house full time.

However, because the numbers have grown, some inside the actual property business are questioning concerning the long-term impression, stated Zach Aarons, a co-founder of MetaProp, a New York Metropolis enterprise capital agency targeted on actual property know-how. Some buyers in New York actual property see a possible risk if distant employees begin to exit town for inexpensive places, he stated. The looming query is: “Do folks dwell within the metropolis as a result of they just like the group, or simply as a result of it’s handy to their job?”

Brad Hargreaves, the founder and chief govt of Frequent, which operates co-living communities in city markets, stated that whereas he believed the pattern away from every day in-office work would proceed, he didn’t imagine it might lead to an exodus out of main cities.

“I nonetheless assume there’s numerous profit for folks dwelling in an city heart, each personally and professionally,” he stated. “What will probably be wanted is extra flexibility for residential areas.”

The rise in distant work is already altering folks’s preferences in single-family house and residence design, and affording them larger freedom in selecting the place and the right way to dwell. Listed below are seven methods through which the pattern is altering the housing market.

“The significance of house workplaces has nearly begun to rival the eye that consumers give to kitchens,” stated Robin Kencel, an affiliate dealer with Compass in Greenwich, Conn. “The place they’ll work is on practically each purchaser’s thoughts.”

Whereas some consumers simply desire a snug area to plop down with their laptops, others desire a devoted room the place they’ll shut the door and take calls with out interruption. “Again within the day you’d have the mahogany-paneled library, however we’re not dwelling in a proper world now,” Ms. Kencel stated. “Now, persons are in search of extra of a textured, snug feeling — pure mild, doorways to a personal terrace, and nice wall and flooring finishes.”

Alison Bernstein, the president of the Suburban Jungle actual property company, based mostly in New York Metropolis, additionally finds that consumers are “extremely targeted on, how will we functionally work from home?” And that focus extends to work area for his or her kids. “Devoted homework areas are very, very talked-about,” Ms. Bernstein stated.

Now that folks can stream no matter they need to watch on their smartphones, laptops or tablets wherever in the home, areas designed solely for that goal are more and more considered as superfluous, Ms. Bernstein stated.

New house sizes are trending downward, and consumers are in search of areas that may serve multiple goal, stated Robert Dietz, the chief economist for the Nationwide Affiliation of Dwelling Builders. Dedicating area for a media room has “fallen out of favor,” he stated.

The shift additionally ties in with the rise in distant work: Individuals who spend numerous time working at house steadily don’t need to spend most of their leisure hours there as properly, particularly within the metropolis, stated Martin Eiden, an affiliate dealer with Compass in New York.

“They’re often dying to exit and meet folks,” he stated. “The house leisure issue has gone down.”

Lounge areas arrange as shared work areas for residents are frequent now in newer residential towers in New York. However builders are additionally tweaking residence layouts to make it simpler for residents to arrange a house workplace.

At Avora, a brand new 184-unit condominium on the Hudson River in Weehawken, N.J., consumers can select from flooring plans that embody an “alcove bonus area.” The areas, which measure 11 ft sq., “present a devoted area for work from home, however they’ve additionally been used as an artwork studio for a kid or a spot to show an artwork assortment,” stated Jill Preschel, the vice chairman of gross sales and advertising for the New York Metro Division of Landsea Properties, the California-based developer.

At Rose Hill, a brand new 45-story luxurious condominium tower within the NoMad neighborhood of Manhattan, about half of the 123 items include small “flex rooms” that may be closed off with sliding glass doorways. The designs present consumers with the additional work area they might want with out requiring them to pay for an extra bed room, stated Meg Brod, a senior vice chairman and a regional improvement officer for the Rockefeller Group.

“You’re solely paying for what you want, but it surely’s additional room you possibly can actually recognize,” she stated.

Co-living developments now account for greater than 3,000 beds in cities throughout the nation, with at the least one other 9,000 within the pipeline, in line with a latest report from Cushman & Wakefield. The communities supply tenants non-public bedrooms in suites with shared dwelling areas. Typically extra inexpensive than normal leases, and with extra versatile lease phrases, the developments additionally supply shared frequent areas for socializing and dealing.

“The pattern towards co-living could be very carefully correlated with the rise in distant work — it’s that want for flexibility, and to have the ability to transfer from job to job, metropolis to metropolis, with out there being large ramifications in getting out of leases,” stated Susan Tjarksen, a managing director at Cushman.

Frequent operates about 30 co-living developments in six cities, together with about 20 in New York. Mr. Hargreaves stated a “double-digit proportion” of their tenants work remotely. Tenants can switch throughout the Frequent community at any time, which is a useful perk for impartial contractors.

“In the event that they’re working in New York, however they get a gig in San Francisco or Chicago, members can switch with out breaking their lease,” Mr. Hargreaves stated.

Individuals are transferring much less typically. The common family strikes each 9 years, in comparison with each six years within the 1980s, in line with information offered by John Burns Actual Property Consulting.

That’s primarily due to an growing older inhabitants. “You’ve bought extra individuals who’ve moved as much as their remaining home on the ladder,” stated Mr. Dietz, of the Nationwide Affiliation of Dwelling Builders. On high of that, many individuals who purchased or refinanced their mortgages when rates of interest reached historic lows have chosen to not transfer and threat paying the next fee, he stated.

However Rick Palacios Jr., the director of analysis at John Burns, theorizes that the falling mobility fee can also be linked to the rise in telecommuting. “In the event you work from home, you don’t essentially have to maneuver in case your job strikes,” he stated. “And lots of firms, ours included, view e-commuting as a aggressive benefit that permits us to draw the most effective and the brightest, no matter geography.”

Ms. Bernstein, of Suburban Jungle, stated nearly all her shoppers have the power to work from home at the least in the future per week. However when selecting a city to dwell in, they emphasize that they don’t need to really feel remoted.

“They need espresso retailers and cafes with free Wi-Fi, co-working areas, locations to seek out group,” she stated. “And a few cities are creating actual personalities for that.”

Her brief checklist of locations the place distant employees within the New York area are congregating in larger numbers are Montclair, N.J., Pleasantville and White Plains, N.Y., and Greenwich and Westport, Conn.

New Yorkers made up the most important share of latest residents to Florida in 2017, at nearly 64,000 folks, in contrast with 53,000 in 2012, in line with census information. Modifications in federal tax legal guidelines that sharply restrict deductions for state and native revenue taxes created new incentives for New Yorkers to maneuver to the lower-tax Sunshine State. And individuals who can work remotely are feeling notably free to take action, stated Jay Phillip Parker, chief govt of Douglas Elliman’s Florida brokerage.

“There are folks which may have delayed their relocation to Florida, however as a result of they’ll work remotely, it’s enhanced their capability to maneuver sooner,” he stated. “And it’s straightforward for them to fly out and in of New York Metropolis — there appears to be so many individuals hopping forwards and backwards.”

Derrick Buckspan, a co-owner of Re/Max Shoreline, in Portland, Me., stated the housing market there had been “tremendously impacted” by distant work, with extra consumers coming in from Boston and New York. Telecommuters can simply get to conferences in both metropolis with out driving — Amtrak trains journey direct to Boston, and Harmony Coach Strains runs two buses every day to Manhattan.

In Vermont, a program that provides to cowl as much as $10,000 in transferring and another bills for distant employees who relocate to the state is luring city refugees from throughout. Since January, the state has accepted 56 candidates to this system, 9 of whom have been from the New York metropolitan space, in line with Nate Formalarie, the director of communications for the state’s Company of Commerce and Neighborhood Improvement. The opposite candidates have been primarily from different main metropolis facilities, together with Chicago, Denver, Los Angeles and Boston.

“Most are of their 30s, and are bringing a partner and/or children with them,” Mr. Formalarie stated. “Altogether, we’ve bought about 140 new residents.”

For weekly e-mail updates on residential actual property information, join right here. Observe us on Twitter: @nytrealestate.

Continue Reading

Smart Technologies

Google touts ‘biggest ever’ wind and solar deals

Published

on

Google has struck 18 wind and photo voltaic vitality offers throughout the US, Europe and Latin America, the corporate introduced on Thursday, collectively comprising what it stated was the “greatest company buy of renewable vitality in historical past”.

The web group stated the bundle would safe a complete of 1,600 megawatts of renewable vitality for its amenities world wide and spur $2bn in new funding in wind and photo voltaic infrastructure world wide. 

Google’s transfer was hailed by one business skilled as a “step change” in company commitments to inexperienced vitality. 

The offers have been introduced forward of subsequent week’s UN local weather change summit in New York and on the eve of worldwide environmental protests deliberate for Friday, a few of which is able to embrace Google’s personal staff. 

Google has now signed long-term energy buy agreements, or PPAs, encompassing 52 initiatives and producing 5,500MW of vitality. As authorities funding for renewables has receded in lots of elements of the world, company PPAs have emerged as an important approach to safe long-term funding in creating new wind and photo voltaic capability. 

“As soon as all these initiatives come on-line, our carbon-free vitality portfolio will produce extra electrical energy than locations like Washington DC or complete international locations like Lithuania or Uruguay use every year,” Google chief government Sundar Pichai stated in a weblog publish. 

Since 2017, Google has been buying sufficient renewable vitality to cowl 100 per cent of its world operations. Nonetheless, because of the variability of provide, not the entire electrical energy it makes use of flows straight from inexperienced sources. Its new commitments are a step in the direction of its longer-term aim of “carbon-free” operations, that means that renewable vitality is getting used 24 hours a day, day-after-day, with out the corporate having to fall again on coal- or gas-fired energy stations. For now, wind and solar energy isn’t dependable or broadly out there sufficient to realize that goal, making funding in new capability vital.

Different Silicon Valley firms are additionally striving to cut back the huge environmental influence of their information centres and gadgets. 

Final month, Fb pledged to energy its world operations utilizing 100 per cent renewable vitality by the top of 2020, saying that it had signed offers price 2,500MW over the earlier 12 months.

Earlier on Thursday, Amazon stated it deliberate to be carbon impartial by 2040 and would order 100,000 electrical supply vehicles to assist it meet that aim. 

Apple stated in April final yr that its personal amenities at the moment are 100 per cent powered by renewables. It’s urging its manufacturing suppliers — which, by manufacturing of its iPhones and Macs, account for the lion’s share of its general environmental influence — in the direction of the identical goal. 

Weekly publication

Your trusted information to the fast-expanding world of ESG, Impression Investing, Socially Accountable Enterprise and Company Goal.

Join right here with one click on

Helen Clarkson, chief government of the Local weather Group, a non-profit organisation that works with firms together with Google, Apple and Fb to cut back their environmental influence, stated that Google’s newest vitality offers would function an “inspiration and a problem” to others. 

“Google’s suite of purchases are an order of magnitude bigger than the present pattern, and mark a step change in company investments,” she stated. “This big portfolio of latest initiatives demonstrates how company funding in renewable electrical energy is increasing in scale and world attain.”

Since 2007, Google has offset all of the greenhouse gasoline emissions from its personal operations, akin to information centres, workplaces and enterprise journey, by shopping for carbon credit.

These emissions accounted final yr for 1.2m tonnes of CO2 equal, a standardised manner of measuring emissions from a variety of sources, however Google’s newest environmental influence report revealed they’re dwarfed by emissions associated to its latest push into shopper electronics, which it doesn’t at the moment offset.

Together with the influence of producing its Pixel smartphones and Nest good house gadgets for the primary time, in addition to the use and disposal of the gadgets, Google stated its general greenhouse gasoline emissions in 2018 have been 15m tonnes of CO2 equal.

Continue Reading

Smart Technologies

The sound of sand reveals its source

Published

on

LIFT A SHELL from the sand to your ear and everybody is aware of you may hear the ocean. However hear fastidiously sufficient and you’ll hear shells within the sand too. Sand, it seems, has a signature sound of its personal, and now scientists have discovered a solution to tune in.

To the untrained eye, one bucket of seaside sand seems very like one other however combined into the multitude of microscopic minerals are carbonate chemical substances left behind from the shells of long-dead sea creatures comparable to molluscs. The carbonate focus varies in response to native geology, and Saskia van Ruth, a researcher at Wageningen College within the Netherlands, and her colleagues say this leaves every batch of sand with its personal distinctive noise. The outcomes might lengthen forensic strategies, offering a fast solution to decide the supply of disputed sand.

Get our each day publication

Improve your inbox and get our Every day Dispatch and Editor’s Picks.

After water, sand and gravel are probably the most used pure supplies on the planet. However a looming international scarcity has led to a increase in clandestine sand mining and even outright theft. Within the southern Indian state of Tamil Nadu, authorities are battling a so-called “sand mafia” who provide the development trade by way of unlawful dredging of riverbanks. Final yr Malaysia grew to become the newest nation within the area to ban the sale and export of its sand, demand for which has soared as Singapore seeks to reclaim land from the ocean. A decade in the past a whole seaside, 500 truckloads, was stolen from a resort in northern Jamaica and, it’s believed, bought to rival operators.

Writing in Utilized Acoustics, Dr van Ruth’s staff present they’ll distinguish between sand samples retrieved (legally) from 9 seaside spots alongside the Dutch coast. And armed with that data as a reference instrument, they may work out which seaside a given sand pattern had come from.

The scientists used a method known as Broad Acoustic Dissolution Spectroscopy evaluation (BARDS). It’s completed with a delicate listening system that picks up adjustments in acoustic properties when a scoop of sand or different powder is dropped right into a beaker of gentle acid and combined. Chemical adjustments, together with the breakdown of carbonates to carbon dioxide, launch bubbles that improve the compressibility of the liquid and subsequently decelerate the passage of sound by way of it. Faucet the facet of the beaker because the sand and acid are combined collectively and the sound that emerges drops in frequency over time. After a couple of minutes, the entire carbonate is damaged down so the manufacturing of gasoline slows and stops. In response, the frequency of sound passing by way of the liquid goes again to regular. This offers every pattern of sand two distinct measurements: how rapidly the sound adjustments pitch, and the way a lot it does so.

Dara Fitzpatrick, a chemist at College School Cork who developed the BARDS method, says the change, from excessive notes to low after which again once more, will be heard when many powders dissolve and is thought to physicists because the hot-chocolate impact. “You are able to do it in your kitchen,” he says. His staff is promoting the package to drug corporations as a faster and cheaper solution to analyse powders. It has additionally been used to tell apart costly Himalayan desk salt from inferior fakes.

With sand, the extra carbonate there’s to provide carbon-dioxide gasoline, the larger the acoustic shift. That’s what permits the eavesdropping scientists to pinpoint its supply. They’ll additionally choose up extra delicate influences, together with the impact of the stays of different-shaped shells, as a result of variations of their thickness and floor space pace or sluggish the discharge of gasoline.

Observe the sand

In locations just like the Netherlands, forensic tracing might assist observe the effectiveness of coastal-management practices, such because the dumping of tens of millions of tonnes of sand to bolster pure defences towards the ocean. The place that sand finally ends up just isn’t at all times clear. Inserting the sand instantly onto seashores is believed to be wasteful as a result of a lot of it’s washed again into the ocean. Newer strategies drop the sand into the shallow water simply off the seaside, permitting the tides to deposit it onto the land over time. Dr Fitzpatrick says present strategies to tell apart sand samples are crude and sluggish as they depend on trying on the dimension and form of particular person grains beneath a microscope. He sells sea shells as a solution to see extra.

Continue Reading

Trending

LUXORR MEDIA GROUP LUXORR MEDIA, the news and media division of LUXORR INC, is an international multimedia and information news provider reaching all seven continents and available in 10 languages. LUXORR MEDIA provides a trusted focus on a new generation of news and information that matters with a world citizen perspective. LUXORR Global Network operates https://luxorr.media and via LUXORR MEDIA TV.

Translate »