Shares of Oracle Financial Services Software (OFSS) fell over 8 per cent on Thursday after issuing clarification that Oracle Corporation does not have any direct impact on OFSS’ business operations.
After opening higher at ₹9,950, the stock fell to an intraday low of ₹9,109.50. At 11 am, it traded at ₹9,181 on the NSE.
In its stock exchange disclosure, the company said, “Oracle Financial Services Software Ltd (OFSS), is a subsidiary of Oracle Corporation and the aforesaid statement has no direct impact on OFSS business.”
Oracle Corp announced its Q1 results for fiscal year 2026. Its total revenue stood at $14.9 billion, up 12 per cent in USD and up 11 per cent in constant currency, as per the company’s statement. “We signed four multi-billion-dollar contracts with three different customers in Q1,” said Oracle CEO, Safra Catz.
Oracle Cloud Infrastructure’s revenue is expected grow 77 per cent to $18 billion this fiscal year—and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years, according to the CEO.
Oracle Chairman and CTO, Larry Ellison, emphasised that the multi-cloud database revenue from Amazon, Google and Microsoft grew at an incredible rate (1,529 per cent) in Q1.
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Published on September 11, 2025
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