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00:02Oracle named Hilary Maxson as Chief Financial Officer as it ramps up investment to meet demand
00:07for artificial intelligence and cloud services, according to Reuters. Maxson joins from Schneider
00:11Electric, where she served as Group CFO, and her appointment is effective immediately. The
00:16appointment reinstates the CFO role after Safra Katz became co-CEO and Principal Financial Officer
00:21in 2014. Oracle forecast $50 billion in capital expenditure for its fiscal year ending May,
00:26more than double from the previous fiscal year. Free cash flow swung to a deficit of $394 million
00:31in fiscal 2025 after $25.3 billion from 2022 to 2024. The company plans to raise up to $50
00:39billion through debt and equity. Shares have fallen about 25% this year. For all things money,
00:44visit Benzinga.com.
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