Oracle up on $7 billion Pentagon software contract
ORCL•Oracle shares rise after Pentagon software deal
- Oracle's ORCL.N shares rise 2% to $122.40 after the bell
- Pentagon awards ORCL a nearly $7 billion, up-to-10-year deal to consolidate the department's on-premises software licenses into a single contract
- The Enterprise Software Agreement has a base value of $3.31 billion for the first five years and a total value of $6.99 billion if option years are exercised
- The agreement covers the entire U.S. Department of War, along with the Coast Guard and the intelligence community.
- Up to Thursday's close, ORCL had fallen 38.4% YTD
