US stocks movement | Oracle rises over 2% in after-hours trading after securing a $7 billion US Department of Defense software contract

Glonghui, July 24th — Oracle (ORCL.US) rebounded more than 2% in after-hours trading, closing at $122.55. According to reports, Oracle has won a major US Department of Defense contract valued at nearly $7 billion over ten years. The contract covers the use of Oracle software in on-premises data centers for military branches, US intelligence systems, and the Coast Guard. The first customer under this contract is the Central Intelligence Agency. The base term of the contract is five years and includes perpetual software licenses, subscription-based software licenses, maintenance services, and consulting services. (Glonghui)