Oracle Reaffirms FY27 Outlook and Sets FY30 Revenue Target
Oracle shares rose more than 11% after the company reaffirmed its FY27 outlook and set a FY30 revenue target.
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07:05:30 PM UTC
SquawkNews
By Angela PalumboOracle stock surged on Wednesday after the software infrastructure company gave stronger-than-expected financial guidance at its investor day event.Shares jumped 12% to $146.11.Oracle said it expects fiscal 2030 revenue to be above $225 billion, which is higher than the $217.7 bill…