Free cash flow is projected to reach $30 billion in the fiscal year concluding in May 2029, according to Chief Financial Officer Hilary Maxson, who disclosed this information Wednesday at the...
Oracle Corp. shares jumped after the company gave a long-term outlook for free cash flow that eased investor nerves about the potential payoff from its artificial intelligence spending.
Oracle issued a revenue forecast for fiscal year 2030 of $225 billion.
The tech giant's stock jumped after it reported a strong forecast through 2030 which appeared to ease worries about its AI investments.
Oracle says it will need no more than another $20 billion in debt and equity funding for its current investment cycle, as it targets positive free cash flow in the second half of fiscal 2028 and...
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