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Oracle shares jump as it targets $30B in free cash flow by 2029 — Blankdot

thenextweb.com1 week ago

Oracle shares jump as it targets $30B in free cash flow by 2029

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…

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