Oracle expects to turn cash flow positive in second half of fiscal 2028
Hilary Maxson said Oracle will cap new financing at $20 billion as capital spending peaks and free cash flow turns positive in fiscal 2028.
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Oracle shares jumped after the company gave a much better-than-expected long-term free cash flow forecast. The announcement reassured investors who had been anxiously watching the return on its massive artificial intelligence development. The company's shares rose as much as 14 percent during the day, reaching $148.48, the biggest intraday gain since March, especially considering that they had lost 33 percent of their value from the beginning of…
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WTVBOracle expects to turn cash flow positive in second half of fiscal 2028
Oct 28 : Oracle expects free cash flow to turn positive in the second half of fiscal 2028 and exceed $30 billion in fiscal 2029 as capital spending declines, CFO Hilary Maxson said, offering some relief to investors concerned about its hefty AI outlays.Shares of the company, down by around a third so far this
Oracle projects US$30 billion of free cash flow for the fiscal year ending in May 2029, a perspective that exceeds analysts' expectations and offers an optimistic horizon in the face of concerns about the cost of its expansion in infrastructure for artificial intelligence.
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