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Oracle C.E.O. Mark Hurd Is Taking a Medical Leave


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Oracle C.E.O. Mark Hurd Is Taking a Medical Leave

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SAN FRANCISCO — Oracle said Wednesday that Mark Hurd, one of two chief executives at the big software company, would take a leave of absence to address undisclosed medical issues.

Mr. Hurd’s leave means Safra Catz, the other chief executive, and Larry Ellison, Oracle’s chairman and chief technology officer, will lead the company for an undetermined length of time.

Oracle also announced financial results for its first fiscal quarter on Wednesday afternoon, a day earlier than expected. It and other established tech companies are facing pressure as customers shift from paying upfront to use software run on their own computers in favor of subscription offerings delivered through cloud services.

The company, whose summer quarter is often its weakest of the year, reported that net income had declined 6 percent on flat revenue when compared with a year earlier, though Oracle executives pointed to other metrics indicating its own cloud offerings are gaining traction.

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