Oracle Corporation (ORCL) shares surged 5.27% during intraday trading on Wednesday, following the announcement of an industry-first partner program with Google Cloud and significant enhancements to Oracle Database@Google Cloud.

The tech giant revealed plans for a groundbreaking reseller program that will allow Oracle and Google Cloud partners to offer Oracle Database@Google Cloud to their customers through the Google Cloud Marketplace. This move is expected to expand Oracle's reach and drive adoption of its database services in multi-cloud environments.

Additionally, Oracle announced several new capabilities for Oracle Database@Google Cloud, including the upcoming preview of Oracle Base Database Service, support for Oracle Exadata X11M, and the availability of Oracle Interconnect for Google Cloud for U.S. Government customers. The company also plans to expand regional availability of Database@Google Cloud to 11 new locations over the next 12 months, further strengthening its global presence.

Investors reacted positively to these developments, viewing them as significant steps in Oracle's cloud strategy and potential for revenue growth. The partnership with Google Cloud and the enhanced database offerings are seen as key drivers for Oracle's competitive position in the rapidly evolving cloud computing market.