ORACLE SHARES SURGED AS MUCH AS 14% TO $148.48 AFTER FORECASTING $30 BILLION IN FREE CASH FLOW FOR FISCAL 2029, EASING C | Hanami
ORACLE SHARES SURGED AS MUCH AS 14% TO $148.48 AFTER FORECASTING $30 BILLION IN FREE CASH FLOW FOR FISCAL 2029, EASING CONCERNS OVER HEAVY AI INFRASTRUCTURE SPENDING. THE COMPANY EXPECTS FREE CASH FLOW TO TURN POSITIVE IN LATE FISCAL 2028, AFTER A NEGATIVE $23.7 BILLION IN FISCAL 2026, WHILE REAFFIRMING ITS $225 BILLION REVENUE TARGET FOR FISCAL 2030.