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Why Oracle Stock Soared Today

TheMotleyFool

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Shares of Oracle (NYSE: ORCL) surged on Friday after the technology titan reported strong fiscal 2022 second-quarter results.

As of 1:50 p.m. ET, Oracle's stock price was up more than 15%.

Oracle's revenue rose 6% year over year to $10.4 billion in the period ended Nov. 30. The gains were driven by a 6% rise in cloud services and license support revenue, to $7.6 billion, and a 13% jump in cloud license and on-premise license revenue, to $1.2 billion.

Source Fool.com

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