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Barchart
Wajeeh Khan

The $7 Billion Reason Oracle Stock Is in Focus Today

Oracle Stock ORCL DoD

Oracle (ORCL) stock is in focus this morning after the legacy tech giant said it has signed a nearly $7 billion agreement with the U.S. Department of Defense (DoD). The 10-year contract consolidates fragmented on-premises software licensing across the military branches, Coast Guard, and intelligence community into a single procurement vehicle.

The announcement arrives at a time when Oracle shares have been in a sharp downtrend, currently down more than 50% versus their June high.

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