The shares of the technology giant Oracle have rebounded 12% on the New York Stock Exchange after sending the United States Securities and Exchange Commission (SEC) a document with its long-term projections, in which it maintains that it will achieve minimum total revenue of 225,000 million dollars (a little more than 200,000 million euros) in its fiscal year 2030.
After these forecasts became known, the multinational's shares were trading at 146.20 dollars, compared with 130.53 dollars at the close of the previous session.
Oracle's estimates were detailed during its Investor Day, a forum in which the company also reaffirmed its expectations of "solid" profitability and strong free cash flow generation in each of its three business segments.
In this line, Oracle has indicated that it expects to cut its capital investments starting in 2029 and that, for that same fiscal year, it expects to achieve positive free cash flow of at least 30,000 million dollars (26,900 million euros), once the expected investment peak for the 2027 and 2028 fiscal years has been completed.
Likewise, the company has set the objective of limiting additional financing from the capital markets in the 2027-2030 period to a maximum of 20,000 million dollars (about 18,000 million euros), with the expectation that 10,000 million dollars (around 9,000 million euros) will be obtained through the issuance of shares and the other 10,000 million through gross debt.
On the other hand, the technology company has reaffirmed its targets for 2027, which include revenue of at least 90,000 million dollars (80,680 million euros) and earnings per share of 8.10 dollars (7.26 euros).
In its first fiscal quarter of 2027, closed on August 31, Oracle recorded attributed net profit of 4,679 million dollars (4,032 million euros), which represents an increase of 60% compared with the result recorded in the same period of the previous year.