Story image

Orion CFO Rodney Hyde to leave after company report earnings in May

27 Feb 15

Rodney Hyde, chief financial officer of Orion Health Group, has resign from the newly listed healthcare management software firm some three months after it joined the NZX.

Hyde will leave the Auckland-based company once it posts its preliminary full year results on May 29, Orion said in a statement. No reason was given for his departure. Graeme Wilson, Orion's chief operating officer, will act in the position if a replacement is not found before Hyde's departure.

The resignation comes after Orion last month said delays in settling contracts and paying bills in North America will weigh on second-half revenue, with receipts from customers slower than normal. Shares in the company last traded at $5.10, having declined to as low as $4.57 after the revenue warning. The shares were initially sold at $5.70 apiece in November last year, raising $120 million in new capital to fund development. The company is also listed on the ASX.

Orion didn't provide an earnings forecast in its prospectus last year because of the "lumpy" nature of the group's revenues, saying it didn't want to mislead investors. Orion had an annualised growth rate of 26 percent over the past 10 years, according to offer documents. It posted a loss of $14.8 million in the six months ended Sept. 30, 2014, on sales of $80.5 million. The company isn't paying dividends.

How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
25% of malicious emails still make it through to recipients
Popular email security programmes may fail to detect as much as 25% of all emails with malicious or dangerous attachments, a study from Mimecast says.
Human value must be put back in marketing - report
“Digital is now so widely adopted that its novelty has worn off. In their attempt to declutter, people are being more selective about which products and services they incorporate into their daily lives."
Wine firm uses AR to tell its story right on the bottle
A Central Otago wine company is using augmented reality (AR) and a ‘digital first’ strategy to change the way it builds its brand and engages with customers.
DigiCert conquers Google's distrust of Symantec certs
“This could have been an extremely disruptive event to online commerce," comments DigiCert CEO John Merrill. 
Protecting organisations against internal fraud
Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.
Telesmart to deliver Cloud Calling for Microsoft Teams
The integration will allow Telesmart’s Cloud Calling for Microsoft Teams to natively enable external voice connectivity from within Teams collaborative workflow environment.
Jade Software & Ambit take chatbots to next level of AI
“Conversation Agents present a huge opportunity to increase customer and employee engagement in a cost-effective manner."