Oracle Shares Skyrocket as Backlog Swells With Big Customer Deals

Core Insights - The database-software company achieved billion-dollar contract wins in its latest quarter, leading to a significant increase in share price by over 29% in premarket trading [1] Company Performance - The company secured multiple contracts worth over one billion dollars during the latest quarter, indicating strong demand for its database software solutions [1] - The substantial contract wins have positively impacted investor sentiment, reflected in the sharp rise in share price [1] Market Reaction - Following the announcement of the contract wins, shares of the company soared more than 29% in premarket trading, showcasing a strong market reaction to the news [1]