The parent company of Oracle Financial Services reports better-than-expected profits, and the shares are at a 52-week high.

Oracle Financial Services Share Price: Over the past month, shares of Oracle Financial Services have increased by 24%. Over the past six months, the stock has returned a robust 131%. This year, the company’s shares had increased by 122% already.

Oracle Financial Services Software shares have had a significant increase of over 10% today, June 13. Currently, the stock is up 10.59 percent on the BSE, trading at Rs 9681.45. Simultaneously, the intraday stock reached its 52-week high of Rs 9681.55. In actuality, Oracle Corp., its parent firm, had impressive US earnings. The company’s shares are being actively purchased today in response to this news. The company’s market capitalization has surged to Rs 83,947 crore following today’s growth.

Better than expected performance from Oracle Corp. Oracle Corp. announced agreements with its tech rivals and reported better-than-expected bookings. In the quarter that ended on May 31, Oracle’s total remaining performing commitments increased by 44% to $98 billion, exceeding the average forecast of $73.9 billion.

Over the prior year, revenue from Oracle’s cloud division increased by 42% to $2 billion. Revenue reached $14.3 billion, a 3.3% increase. Oracle Financial has paid its stockholders a dividend of Rs 2,100 per share since 2014.

Oracle’s healthcare division, which includes Cerner, an electronic health records company it bought in June 2022 for $28 billion, has contributed to the company’s recent triumphs.

How has Oracle Financial Services’ stock performed?

The shares of Oracle Financial Services have increased by 24% in the past month. Over the past half-year, the stock has returned a robust 131%. The company’s shares have increased 122% so far this year. Investors have received a robust return of 148 percent during the past year. Not only that, but the stock has increased by 274 percent over the past four years.