Shares of Oracle rose 31% in Frankfurt on Wednesday, a day after the company said it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars.
The move in Frankfurt was slightly larger than Oracle’s move in after-hours trading on Tuesday and also boosted European stocks such as German software maker SAP, which rose 2% on the Tradegate platform.
Oracle shares ended Tuesday’s regular session up 1.27% at $241.51. They have risen 45% so far this year.
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