"The integration of hardware and software together to create a better, different user experience," Hurd said on "Squawk Alley." "This is the way we think computing is headed and the growth in that part of the business has been significant for us."
Earlier this month, Oracle tapped Hurd and Safra Catz to serve as co-CEOs. The move came as Larry Ellison, the company's co-founder and longtime CEO, stepped down to become executive chairman and chief technology officer.
Under the new management structure, Ellison oversees the software and hardware engineering departments, while Hurd manages the sales and service divisions. Catz is responsible for legal, manufacturing and finance operations.
Though the co-CEO construct is unusual, Hurd defended the arrangement.
"It's really what we've been doing for a while. I think it's important to note that, you know, we've got a great chairman with Larry. Larry is not going anywhere," Hurd said. "Larry, Safra and I have been working together for a number of years now."
Hurd joined Oracle as co-president in September 2010. A month earlier, Hurd resigned as CEO of rival Hewlett-Packard after its board determined he fudged his corporate expenses and following a sexual harassment probe.