Oracle shares surged in extended trading Thursday after the tech giant reported record results on the back of booming cloud infrastructure demand.

Oracle's results for the quarter came in stronger than expected, as did its revenue backlog.

Sept 10 : Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing…

Oracle shares rose significantly after reporting strong quarterly results. The company secured over thirty billion dollars in new AI cloud contracts. This boosted its revenue…

Oracle stock jumped after cloud revenue sales grew by 121% last quarter