From The Motley Fool · Robert Izquierdo · · 30s
Oracle Stock Surges on Fiscal 2030 Revenue Guidance
Oracle shares jumped 10.73% after announcing at least $225 billion in fiscal 2030 revenue.
In brief
Oracle shares jumped 10.73% after announcing at least $225 billion in fiscal 2030 revenue. Oracle's stock rose 10.73% following fiscal 2030 revenue guidance of $225 billion. Originally reported by The Motley Fool.
Oracle Stock Move
Oracle shares rose 10.73% to $144.54 after Investor Day guidance.
“Oracle jumped after its Investor Day guidance pointed to at least $225 billion in fiscal 2030 revenue”
Fiscal 2030 Revenue Guidance
Oracle projected fiscal 2027 sales of at least $90 billion and positive free cash flow by fiscal 2028.
“fiscal 2027 sales should reach at least $90 billion, up from the prior year's record revenue of $67.4 billion”
Market Reaction
S&P 500 rose 0.28% while Nasdaq Composite gained 0.27% as Oracle surged.
“The S&P 500 ( ^GSPC -1.82% ) closed at 7,744, up 0.28%, while the Nasdaq Composite ( ^IXIC -2.86% ) finished at 26,550, up 0.27%”
The one thing
Oracle's stock rose 10.73% following fiscal 2030 revenue guidance of $225 billion.
