Oracle said to weigh data center in Indonesia's Batam Island, Bloomberg News reports
1. Oracle plans to set up a cloud center in Indonesia's Batam Island. 2. Discussions with Indonesia's government could enhance Oracle's regional presence.
FAQ
Why Bullish?
The establishment of a cloud services center indicates expansion, similar to past successful moves in growing markets, which historically improves stock performance.
How important is it?
The initiative suggests strategic growth in Asia, aligning with Oracle's global expansion plans, which could attract investor interest.
Why Long Term?
A cloud center will likely contribute to ORCL's revenue growth over several quarters, akin to long-term ventures in other regions.