Oracle Shares Jump 10.7% as Company Sees Positive Free Cash Flow
Oracle expects to return to positive free cash flow in the second half of next fiscal year and said it expects at least $30 billion of free cash flow. Shares rose about 10.7% in Wednesday trading.
Oracle NYSE:ORCL said it expects to return to positive free cash flow in the second half of next fiscal year, and shares jumped about 10.7% in Wednesday trading.Free cash flow is the cash left after a company pays for operations and investments. Oracle said it expects at least $30 billion of it in…