Raymond James analyst Michael Turits lowered his price target for Oracle to $57 from $61 and reiterated an Outperform rating following a slight Q2 revenue miss and slight Q3 guidance below estimates. Turits tells investors in a research note that that reaching guidance for FY20 CC acceleration following slight Q2 actual and Q3 revenue guidance misses would mean an "extremely steep" back half ramp.

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."