Oracle stock booms 30%, on pace for best day since 1999
Oracle stock roared 37% higher Wednesday, after reporting gobsmacking cloud demand numbers, setting the company on track for a historic gain.The cloud giant is on pace for its best day since 1992, and is now quickly approaching the 455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben Reitzes, technology research head at Melius Research, told ...