Oracle Corporation (NYSE:ORCL) is experiencing premarket gains after announcing an expanded partnership with Microsoft Corporation (NASDAQ:MSFT) to meet the growing demand for Oracle Database@Azure globally. The expansion will bring the service to 15 regions worldwide, including Europe. Oracle also introduced new products and features, such as Oracle Cloud EPM for Sustainability and AI capabilities in Oracle Fusion Data Intelligence. Oracle's FY23 revenue growth was 17.7%, influenced by various factors including the macroeconomic environment. The company's performance and stock growth are compared to its peers and the broader Information Technology sector.