Oracle Japan shares surge 7% after record fiscal first quarter, bucking selloff of U.S. parent

Oracle logo is screened on a mobile phone for illustration photo. Krakow, Poland on July 13th, 2026. (Photo by Beata Zawrzel/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Oracle Corp Japan surged more than 7% Friday after the company reported record fiscal first-quarter sales and profits, as its cloud business posted strong growth. The rally in Tokyo stood in contrast to a more than 3% drop in U.S.-listed Oracle shares overnight, after the company sent a "force majeure" notice tied to its New Mexico data center project.Stock Chart IconStock chart iconOracle shares in the U.S. vs. Japan The Japanese arm said Thursday that net sales for the June-August quarter rose 13% from a year earlier to 74.86 billion yen ($472 million), while operating profit jumped 22.7% to 25.92 billion yen. Net profit climbed 23.2% to 18.25 billion yen. Net sales and all profit items hit record highs for a fiscal first quarter, the company said.Cloud revenue jumped 31.7% year on year to 25.14 billion yen, increasing its share of total sales to 33.6% from 28.8% a year earlier.Oracle Japan said demand for cloud infrastructure had driven usage of its Tokyo and Osaka data centers. The comp...