Oracle Jumps After Posting Strong Sales, Cloud Growth Stabilizes

(Bloomberg) -- Oracle Corp. surged 13% after reporting a spike in bookings attributed to its closely watched cloud computing business, showing progress in its bid to capture more share of the competitive market.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapThese Are the Best Countries for Wealthy ExpatsBond Investors Are Lining Up to Fund the War Against PutinRemaining performance obligation —

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