Shares of Oracle Financial Services Software rose over 6% on Friday, trading at Rs 7,010 during the session, after the company announced a significant deal with a US-based global bank.
The company has entered into a definitive agreement with an existing customer for a proposed transaction involving the perpetual licensing of certain software products, along with transition services. The aggregate consideration for the license is estimated at approximately USD 100 million (around Rs 940 crore).
Following the sharp rise in the share price, the company’s market capitalisation increased by approximately Rs 35,000 crore, taking it to around Rs 6.08 lakh crore.
The agreement will replace all existing software license, professional services, and support arrangements with the customer. Additionally, the company will provide transition services, personnel, and related support over a period of 6 to 9 months after closure.
The transaction remains subject to certain conditions precedent, which are required to be fulfilled on or before May 29, 2026.
The deal, awarded by a US-headquartered global bank, highlights the company’s continued engagement with international clients and strengthens its revenue visibility.
During Friday’s session, the stock traded in the range of Rs 6,800 to Rs 7,062, compared to its previous close of Rs 6,599.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.