Oracle expects free cash flow to reach 30 billion USD in fiscal year 2029

Oracle expects its free cash flow for the fiscal year ending May 2029 to reach $30 billion, far exceeding market expectations.

The company also anticipates that the total capacity of data centers will exceed 10 gigawatts by the end of fiscal year 2028, and it will gradually reduce capital expenditures starting in fiscal year 2029.

Oracle's stock price rose more than 13% during intraday trading.