Oracle Financial Services Software Shares Plunge 8% Despite Business Independence from Oracle Corp

Oracle Financial Services Software Ltd (OFSS) saw its stock plummet over 8% intraday despite clarifying its operational independence from parent company Oracle Corporation. The shares nosedived from an opening high of ₹9,950 to ₹9,109.50 on India's NSE exchange, underscoring market sensitivity to corporate affiliations in the tech sector.

Oracle Corp's Q1 FY2026 results revealed 12% revenue growth to $14.9 billion, powered by four multi-billion dollar contracts. CEO Safra Catz projected explosive 77% growth for Oracle Cloud Infrastructure this fiscal year, with ambitions to scale from $18 billion to $144 billion over five years. Chairman Larry Ellison highlighted a staggering 1,529% growth in multi-cloud database revenue from AWS, Google Cloud, and Microsoft Azure.