Oracle CEO Mark Hurd to take a leave of absence for health reasons | CNBC

Earlier in the article: "Larry Ellison, Oracle’s founder and chief technology officer, will handle Hurd’s responsibilities along with Safra Catz, the other CEO."

"In a separate statement, Oracle reported fiscal first quarter profit of 81 cents a share, excluding certain items, on $9.22 billion in revenue, which was roughly flat on an annualized basis. Earnings for the quarter, which ended on Aug. 31, met estimates, while sales came in just shy of the $9.29 expected by analysts polled by Refinitiv. Almost three-fourths of Oracle’s revenue now comes from cloud services and license support.

With respect to guidance, Catz said on the conference call that Oracle expects second quarter earnings per share of 87 cents to 89 cents. Analysts polled by Refinitiv had expected earnings of 91 cents a share, excluding certain items.

Oracle shares fell about 5% after the close. The stock is up about 25% this year."

Oracle CEO Mark Hurd to take a leave of absence for health reasons | CNBC