Oracle Financial Services Software Hits Record High, Share Price Surge 8 PC: Read Details

Oracle Corp's stock also surged by as much as 13 percent during Wednesday's regular trading on Wall Street.
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Oracle Financial Services Software Share Price Rise By 8 pc

Shares of Oracle Financial Services Software (Oracle) soared by around 8 percent to reach a new high on Thursday following robust earnings reported by its parent company, Oracle Corp, for the March quarter and strong guidance for FY25.

Oracle Corporation Stock Performance

Oracle Corp's stock also surged by as much as 13 percent during Wednesday's regular trading on Wall Street.

Oracle's Stock New High

Oracle's stock reached a new high of Rs 9,440.90, surging by 7.9 percent.

Oracle's Stock Performance In Last 12 Months

In the last 12 months, the stock has delivered multi-bagger returns, rallying over 130 percent.
Oracle's Stock Performance From Year-To-Date
Year-to-date in 2024, it has surged by 124 percent.
Oracle's Stock Performance Over Past Year
Over the past year, it has risen by an impressive 155 percent from its 52-week low of Rs 3,708.50.
Oracle's Share Price In June
The stock has shown significant gains in June, rising by 26 percent after slight falls in May and April.
Oracle's Share Price: Stock Performance In First Three Months Of 2024
It performed well in the first three months of the year, with increases of 14.3 percent in March, 17.6 percent in February, and 55 percent in January.

Company's Fiscal Year 2025 Forecast

The company announced a strong forecast for fiscal 2025, expecting double-digit revenue growth, surpassing analysts' expectations.
Oracle Fiscal 2024: Revenue Growth
For fiscal 2024, it anticipates total revenue growth of 6 percent.
What Analysts Expect?
Analysts estimate first-quarter revenue growth between 5 percent and 7 percent, slightly below expectations.
Oracle's Q4 Results 2024: Revenue
However, in the quarter ended May 31, Oracle reported a 3 percent year-over-year increase in revenue.
Oracle's Q4 Results 2024: Net Income
Despite this, net income declined to $3.14 billion, or $1.11 per share, from $3.32 billion, or $1.19 per share, in the same quarter last year.
End of Article
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