Oracle Shares Rise As it Reaffirms FY27 Outlook, Sets FY30 Revenue Target
MT Newswires Live03:04
Oracle (ORCL) shares rose more than 11% after it reaffirmed its fiscal 2027 outlook and set long-term targets at its Investor Day on Wednesday, including FY30 revenue of $225 billion or more.
Oracle reaffirmed FY27 total revenue of at least $90 billion and non-GAAP EPS of $8.10.
For FY30, the company targets total revenue of $225 billion or more, a compound annual growth rate above 35% from FY26, along with a non-GAAP operating margin of 40% or higher and non-GAAP EPS of $21 or more.
Price: 148.29, Change: +17.76, Percent Change: +13.61
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