OREANDA-NEWS  Shares of the American software manufacturer Oracle are rising in price by 30% before the opening of major trading - the strongest pace since 1999 - following the success of the company's cloud division, according to trading data.

After the close of trading on Tuesday, the company's shares rose in price by 29.87%, to $ 313.66. Prior to this, a comparable increase in value was observed in June 1999 (slightly more than 31%). Following the results of Tuesday's trading, securities rose by 1.27% to 241.51 dollars.