Oracle sets targets through 2030: revenue of at least $225 billion and free cash flow of $30 billion or more in fiscal 2029
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
Oracle has promised investors that the peak of spending on SI infrastructure will pass within two years, after which the company will start generating free cash.
At its investor day on October 28 in Las Vegas, Oracle announced targets: revenue of at least $225 billion in fiscal 2030, free cash flow of at least $30 billion in fiscal 2029, positive free cash flow in the second half of fiscal 2028, and a non-GAAP operating margin of 40% or more. The company places peak capital expenditures in fiscal 2027–2028, falling in fiscal 2029. Oracle caps additional capital raised in fiscal 2027–2030 at $20 billion — $10 billion in equity and $10 billion in debt, excluding refinancing. The fiscal 2027 outlook is revenue of at least $90 billion and non-GAAP earnings per share of $8.10. In the company's words, growth "will be self-funded beginning in fiscal 2029."
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