A recent increase in its sales force has helped Oracle have "good performance" in Europe, Hurd said, but the European market overall has been "flattish at best."
Asked by CNBC's Maria Bartiromo about the technology company's latest quarter, in which it missed on revenue, Hurd downplayed the criticisms. Hurd noted that while the IT market has been tight, the company has still been able to post growth in everything from licensed software to databases and cloud computing.
"We haven't seen great growth broadly across IT, but within the context of that, we gained share and realistically, we can't change the macro that we're handed, but within it, we can gain share," Hurd said.
Going forward, Hurd said his company will focus on investing in its employees by way of training and improving efficiencies as well as innovation and distribution.
—By CNBC's Drew Sandholm with Reuters. Follow him on Twitter @DrewSandholm