News
🚨 🇺🇸 Oracle caps new borrowing and sees capex peaking by FY28, shares jump about 7%
🚨 🇺🇸 Oracle caps new borrowing and sees capex peaking by FY28, shares jump about 7%
- 🇺🇸 Oracle reaffirmed its FY27 outlook (adjusted EPS 8.10 vs 8.14 expected, revenue of at least $90bn vs $90.5bn expected) and set goals of $225bn+ revenue and EPS of 21+ for FY30, more than 35% a year growth from FY26 (newswires, )
- Capex is expected to peak across FY27 and FY28 and fall in FY29, with free cash flow turning positive in the second half of FY28 and above $30bn in FY29
FO view: The near-term outlook was a touch light, so the lift rests on the balance sheet message rather than the numbers.
Not investment advice.