Oracle Shares Jump as It Targets $30B in Free Cash Flow by 2029
Oracle said free cash flow will turn positive by fiscal 2029 and that new fundraising will be split evenly between equity and debt.
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Oracle stock pops 11% as long-term revenue forecast and clarity on financing ease debt concerns
Oracle shares surged 11% after issuing a $225 billion fiscal 2030 revenue forecast and announcing plans to limit fundraising to $20 billion, easing investor concerns about debt and AI infrastructure costs.
Oracle shares jump as it targets $30B in free cash flow by 2029
Oracle said free cash flow will reach $30B in the year to May 2029, when analysts expected it to stay negative. It capped new fundraising at $20B through May 2030 and kept its $225B revenue target. Shares rose as much as 14%. Oracle shares jumped as much as 14% on Wednesday after the company said […] This story continues at The Next Web
Oracle projects revenues of USD $225 billion for fiscal year 2030 and proposes to limit to USD $20 billion the additional funding foreseen until then. Its shares rose 12% on Wednesday, although the debt and the cost of building infrastructure for artificial intelligence remain focused on its ability to convert to cash. The new plan contrasts with a funding forecast of USD $40 billion for fiscal year 2027 that Oracle had disclosed months earlier.
Oracle shares rose sharply on Wednesday after the software company announced that it expects revenue of $225 billion for fiscal year 2030, an estimate that implies an average annual growth rate of 35%.
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