Oct 28 : Oracle expects its free cash flow to turn positive in the second half of fiscal 2028 and exceed $30 billion in fiscal 2029, CFO Hilary Maxson said at its investor day on Wednesday.
Source: Reuters
Oracle expects to turn cash flow positive in second half of fiscal 2028
In short
The enterprise software company anticipates that its free cash flow will shift back into positive territory during the second half of fiscal 2028. Chief Financial Officer Hilary Maxson announced this forward-looking guidance to analysts and shareholders during the firm's investor day on Wednesday. Following that turnaround, management projects that annual free cash flow will ultimately climb beyond the $30 billion mark by fiscal 2029.
Key points
- Executive leadership has formally outlined the corporate timeline for reaching positive c…: Executive leadership has formally outlined the corporate timeline for reaching positive cash generation.
- Long-term projections indicate substantial liquidity expansion anticipated for the compan…: Long-term projections indicate substantial liquidity expansion anticipated for the company by fiscal 2029.
- Investors were provided multi-year guidance on cash flow trajectories during the Wednesda…: Investors were provided multi-year guidance on cash flow trajectories during the Wednesday corporate presentation.