Oracle Financial Services shares gain over 10%: Here is what’s driving the rally

Shares of Oracle Financial Services Software rallied over 10% to an intraday high of ₹9,254 apiece on Wednesday, September 10, after its parent firm, Oracle Corporation, posted better-than-expected earnings.

Oracle reported a 12% rise in revenue to $14.9 billion for the quarter ending August 31, up from $13.3 billion in the same period last year. However, the company’s net income remained largely unchanged at $2.93 billion, or $1.01 per share, compared to $2.93 billion, or $1.03 per share, in the year-ago quarter.

Oracle had signed four multi-billion-dollar contracts with three different customers in the first quarter, contributing to the revenue increase.

The company expects its Oracle Cloud Infrastructure (OCI) business to surpass $500 billion in booked revenue, driven by strong demand for its cost-effective cloud infrastructure services. Oracle’s remaining performance obligations (RPO), a key indicator of future booked revenue, surged 359% to $455 billion in Q1.

During the quarter, OpenAI announced an agreement with Oracle to develop 4.5 gigawatts of data centre capacity in the US. Oracle has also said that Google’s Gemini AI models would be made available on Oracle Cloud Infrastructure.

According to a Reuters report, Chairman Larry Ellison stated that the company expects substantial growth in MultiCloud revenue every quarter over the coming years, as Oracle adds 37 more data centres for its three hyperscaler partners, increasing the total to 71.

These boosted investors’ confidence for Oracle Financial Services Software (OFSS). The company’s shares are the top contributors on the Nifty IT index, which surged almost 3% on Wednesday. At 1:46 PM, shares of the company were seen at ₹9,220 apiece, jumping 9.57%.

Over the last five trading days, shares of the OFSS shares have gained over 10%. For a month’s period, it has jumped 9%.

However, since March 10, 2025, which is six months, the stock has climbed 25%. Year-to-date, it has lost 27.

The company’s market capitalisation stands at ₹80,341.02 crore.

Shares of the firm had touched their one-year high of ₹13,220 apiece on December 30, 2024, while their 52-week low of ₹7,038 was hit on April 7, 2025.