Oracle stock pops 11% as long-term revenue forecast and clarity on financing ease debt concerns
Summary
Oracle shares surged ten percent after the company projected its revenue will reach $225 billion by fiscal year 2030. In addition, the firm announced it will restrict its extra fundraising efforts to $20 billion during the same period.
Oracle issued a revenue forecast for fiscal year 2030 of $225 billion, and said it will limit additional fundraising over that stretch to $20 billion.
Source: Read the full story at US Top News and Analysis
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