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Oracle Shares Jump as CFO Projects Positive Cash Flow
Oracle CFO Hilary Maxson forecasts positive free cash flow by fiscal 2028, boosting shares 8%.
In brief
Oracle CFO Hilary Maxson forecasts positive free cash flow by fiscal 2028, boosting shares 8%. Oracle shares rose over 8% after CFO Hilary Maxson projected positive free cash flow by fiscal 2028 and $30 billion by fiscal 2029. Originally reported by BigGo Finance.
Oracle Shares Rise
Oracle shares climbed more than 8% in afternoon trading Wednesday after the company told investors it expects free cash flow to swing positive in the second half of fiscal 2028 and top $30 billion in…
CFO Projects Fiscal 2029 Cash Flow
CFO Hilary Maxson said free cash flow should turn positive in the second half of fiscal 2028 and exceed $30 billion in fiscal 2029 as capital spending declines.
Capital Spending Cap
Oracle will cap additional capital raises at $20 billion through fiscal 2030, split evenly between equity and debt.
Fiscal 2030 Projections
Oracle projects fiscal 2030 revenue above $225 billion, adjusted operating margin over 40%, and adjusted earnings above $21 per share.
The main idea
Oracle shares rose over 8% after CFO Hilary Maxson projected positive free cash flow by fiscal 2028 and $30 billion by fiscal 2029.
