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Oracle Rises Over 2% Before Market Open, Secures $7 Billion U.S. Department of Defense Software Contract
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Author：小编
Oracle (ORCL.US) has won a nearly $7 billion, ten-year software contract from the U.S. Department of Defense. The contract covers the use of Oracle software in local data centers by U.S. military branches, intelligence systems, and the Coast Guard, aiming to consolidate fragmented software licenses. The contract has a base term of five years, with an additional five-year renewal option. Services include perpetual and subscription-based software licenses, maintenance, and consulting. Boosted by this news, Oracle's pre-market stock price rose over 2% to $122.74. Notably, the U.S. Central Intelligence Agency was Oracle's first customer.
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