Rosenblatt analyst Marshall Senk initiated Oracle with a Buy and $48 price target. The analyst said FY17 should show some ROI on the investments made in cloud as we look for improvement in gross margin, income and revenues, but sees more significant improvement in F18 as the renewal base continues to expand, and even more potential outperformance in the 2H of the fiscal year, when 12c R2 ships.

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."