Oracle shares jump 8.6% on long-term plan targeting at least $225 billion revenue by fiscal 2030
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Oracle shares rose 8.6% Wednesday after the company laid out an ambitious long-term growth plan, projecting annual revenue of at least $225 billion by fiscal 2030 while promising to rein in capital spending and limit additional financing needs. Still guessing…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA multi-year plan with growth and margin targets can reset earnings expectations for the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Oracle expects revenue of at least $225 billion by fiscal 2030.
- 02Expected compound annual revenue growth exceeds 35% from fiscal 2026 through 2030.
- 03It forecasts non-GAAP EPS of at least $21 and a non-GAAP operating margin of at least 40%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets