Oracle Expects $225 Billion in Revenue by Fiscal 2030

MT Newswires Live
Oct 17

Oracle (ORCL) said Thursday that it expects $225 billion in revenue by fiscal 2030 as it anticipates signing "more large scale opportunities" over the next 12 months.

Analysts polled by FactSet expect $215.54 billion.

The company also expects to report adjusted earnings of $21 per share by fiscal 2030, Principal Financial Officer Doug Kehring said during the company's analyst meeting.

Analysts surveyed by FactSet expect $19.67.

Oracle Co-Chief Executive Clayton Magouyrk said during the analyst meeting that Oracle Cloud Infrastructure booked $65 billion in additional commitments in 30 days during the current quarter, adding that the new commitments came from four different clients and "none" of those clients are OpenAI.

Oracle anticipates cloud infrastructure revenue to rise to $166 billion in fiscal 2030, Reuters reported, adding that the figure would amount to about 75% of the company's total sales.

Shares of Oracle were down 4.6% in recent Friday premarket activity.

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