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