Shares of enterprise software giant (NYSE: ORCL) rallied 12.4% in the month of June, according to data from S&P Global Market Intelligence.

Traditionally the dominant player in on-premises enterprise databases, Oracle finds itself in transition to a more cloud-based company, as well as a challenger to the three large cloud infrastructure companies in the age of artificial intelligence.

Despite some skepticism, last month's fiscal fourth-quarter earnings report seemed to show Oracle handling the transition well, with accelerating cloud growth and market share gains leading to a solid beat.

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Source Fool.com