Shares of Oracle Financial Services Software Ltd. (OFSS) surged nearly 9% to ₹9,093.50 on Tuesday, September 10, after parent Oracle Corp. reported stellar earnings and issued a bullish outlook for its cloud infrastructure business.
Why the surge?
Oracle Corp., which owns OFSS, saw its stock rally as much as 27% in after-hours trading in the US after announcing a 4x jump in bookings to $455 billion, driven by new multi-billion-dollar deals with OpenAI, TikTok, and Nvidia.
The company also guided that its cloud infrastructure revenue will grow 77% this year to $18 billion, and expand nearly 8x to $144 billion by FY2030. This massive growth outlook exceeded Wall Street expectations and triggered a sharp rerating of Oracle shares globally.
Spillover effect on OFSS
The strong performance and outlook of Oracle Corp. have directly boosted sentiment for its India-listed subsidiary OFSS, which provides financial services software solutions. Investors are betting that OFSS could benefit from the broader momentum of Oracle’s global expansion in cloud and AI-led digital infrastructure.
Market snapshot
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Current Price: ₹9,093.50 (+8.09%)
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Day Range: ₹8,820 – ₹9,100
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Market Cap: ₹791.24 billion
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P/E Ratio: 33.02
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Dividend Yield: 2.91%
If Oracle Corp.’s gains in US markets hold during regular trading, it could mark the company’s biggest single-day rally since 1999, adding $190 billion in market value — a development that further underpins optimism around OFSS in India.
