Jefferies analyst John DiFucci notes that Oracle (ORCL) announced the acquisition of Aconex, a provider of SaaS solutions for the construction industry, for $1.2B. The analyst sees this acquisition as a further expansion into the mid-market and continuation of a more concerted effort to address a market segment that Oracle has not traditionally addressed, particularly following the acquisitions of Textura (TXTR), Opower (OPWR), and NetSuite (N). DiFucci reiterates a Buy rating and $61 price target on Oracle shares.

Oracle Corporation Japan "announced that it plans to invest more than $8B over the next 10 years to meet the growing demand for cloud computing and AI infrastructure in Japan. The investment will grow Oracle Cloud Infrastructure's footprint across Japan. In addition, to help customers and partners address the digital sovereignty requirements in Japan, Oracle will significantly expand its operations and support engineering teams with Japan-based personnel. Oracle plans to increase local customer support of its public cloud regions in Tokyo and Osaka and its local operations teams for Oracle Alloy and OCI Dedicated Region. This will enable governments and businesses across Japan to continue to move their mission-critical workloads to the Oracle Cloud and embrace sovereign AI solutions."