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Oracle Financial Services Surges on Parent Company’s Cloud Growth Momentum
Oracle Financial Services Surges on Parent Company’s Cloud Growth Momentum
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BTCCSquare news:
Oracle Financial Services Software Limited shares jumped 7.89% to ₹9,076.50, mirroring parent company Oracle Corp's 27% after-hours rally. The surge follows record cloud bookings and upgraded revenue guidance, signaling strong institutional demand for enterprise blockchain infrastructure.
Oracle Corp's $455 billion performance obligations highlight accelerating adoption, with MultiCloud database revenue growing at 1,529% through partnerships with Amazon, Google and Microsoft. The company signed four multi-billion dollar contracts in Q1, including deals with OpenAI and Nvidia for data center capacity.
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