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Oracle CEO Mark Hurd taking leave

FoxBusiness.com

Oracle Corporation announced that CEO Mark Hurd will take a leave of absence for health-related reasons without being specific.

The disclosure, announced after the close of trading Wednesday, pushed the stock lower in the extended session.

Hurd addressed colleagues in a memo released by the company.

Oracle founder, Larry Ellison, wished Hurd a speedy recovery while also assuring investors that the tech company is in good hands with Co-CEO Safra Catz.

The company also released earnings, posting a profit of $2.13 billion or $0.63 cents, about 6 percent less than the same period a year ago. Revenue was $9.22 billion, little changed.

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