Shares of **Oracle Financial Services Software (Oracle)** surged around **8%** to their new high on Thursday after its parent company **Oracle Corp** posted strong earnings for the March quarter as well as robust guidance for FY25.

Oracle Corp.

's stock also rallied as much as **13%** on Wednesday's regular trading on Wall Street.

Oracle Corp announced a robust forecast for fiscal 2025, expecting revenue growth in double digits, surpassing analysts' expectations.

Meanwhile, it expects a total revenue growth of **6%** for fiscal 2024.

The company expects first-quarter revenue to grow between **5% and 7%**, while analysts estimate a **7.

6%** rise.

Additionally, Oracle revealed a strategic partnership with **OpenAI**, the creator of ChatGPT, and **Google Cloud**.

This collaboration aims to expand Oracle's cloud infrastructure offerings, enhancing its service capabilities for customers.

The stock rose as much as **7.

9%** to its new high of **9,440.

90**.

It has now soared **155%** from its 52-week low of **3,708.

50**, hit on June 26, 2023.

The scrip has also given multibagger returns in the last 1 year, rallying over **130%**, whereas in 2024 YTD, it has surged **124%**.

It has advanced **26%** just in June, after a **1.

8%** and **13.

4%** fall in May and April, respectively.

Meanwhile, it was positive for the first 3 months of the year, rising **14.

3%** in March, **17.

6%** in February, and **55%** in January.

'I expect that each successive quarter should grow faster than the previous quarter as **OCI (Oracle Cloud Infrastructure)** capacity begins to catch up with demand.

In Q4 alone, Oracle signed over **30 AI sales contracts** totaling more than **$12.

5 billion**, including one with OpenAI to train ChatGPT in Oracle Cloud,' CEO **Safra Catz** said.

Meanwhile, in the quarter ended May 31, Oracle reported a **3%** year-over-year increase in revenue, as stated in their recent announcement.

However, net income declined to **$3.

14 billion**, equivalent to **$1.

11 per share**, from **$3.

32 billion**, or **$1.

19 per share**, in the same quarter last year.

Moreover, Oracle also reported that its total remaining performance obligations, which represent future contracted sales, surged by **44%** to reach **$98 billion** for the quarter ending on May 31.

This figure significantly exceeded the average estimate of **$73.

9 billion**.