Morgan Stanley said its May Oracle Customer survey indicates continued Cloud momentum and suggests growth in Cloud Apps ahead. The firm said Oracle is better positioned to transition to the Cloud than investors' believe, and when combined with the data refresh cycle, should result in upside to FY16 consensus looking for a 4% revenue decline. Morgan Stanley rates Oracle a $50 price target on 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."