Oracle announces FY30 financial outlook and free cash flow targets
The company projects $225 billion revenue by FY30 with a 35% CAGR. Oracle commits to limiting capital raises to $20 billion while aiming for positive free cash flow.
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Enterprise cloud software and infrastructure provider
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In short: Oracle showcased AI integrations and cloud expansion at AI World while facing security, debt, and data-center scrutiny.
The company projects $225 billion revenue by FY30 with a 35% CAGR. Oracle commits to limiting capital raises to $20 billion while aiming for positive free cash flow.
Total revenues reached $19.3 billion with triple-digit IaaS growth. Oracle also announced new AI platforms and a quarterly dividend.
Total revenues up 21% to $19.2 billion, cloud revenue up 47% to $9.9 billion, driven by 93% IaaS growth. RPO grew $85 billion sequentially.
The agreement deploys Oracle's AI on classified networks to enhance military decision superiority and AI capabilities without vendor lock-in. It supports warfighting, intelligence, and operations.
Oracle is setting a limit on its borrowing or increments it will incur through investors for its AI growth. On October 28, ...
The tech giant updates its financial outlook, citing strong demand for artificial intelligence infrastructure and services.
The company anticipates a reduction in dependence on external resources starting in 2029 and attempts to calm investors concerned about high spending on infrastructure for intelligence...
The projection eases investor concerns regarding artificial intelligence spending returns, driving shares higher as expectations shift from negative to positive metrics.
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