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Oracle expects 2029 fiscal-year free cash flow to reach 30000000000 USD, while its share price at one point rose more than 9%

PANews October 29 According to the report, citing an official Oracle press release, Oracle announced its long-term financial targets at its Investor Day in Las Vegas: it expects 2028 to achieve positive free cash flow in the second half of the fiscal year, 2029 fiscal-year free cash flow of at least 30000000000 USD, and achieve self-funded growth starting in 2029 fiscal year; 2030 fiscal-year total revenue target of more than 225000000000 USD, representing a compound annual growth rate of more than 2026 compared with fiscal year 35%, non-GAAP operating margin of more than 40%, and non-GAAP earnings per share of more than 21 USD. Oracle also said that by fiscal year 2030 additional financing would be limited to 20000000000 USD(with equity and debt each accounting for 10000000000 USD, excluding refinancing of existing debt). Bloomberg reported that investors had generally expected Oracle’s 2029 fiscal-year free cash flow to remain negative; after the announcement, Oracle’s share price at one point rose 9.60...