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Oracle said to weigh data center in Indonesia's Batam Island, Bloomberg News reports

Reuters • 297 days

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Oracle Corp is in discussions with Indonesia's government to establish a cloud services center in th...

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Corporate Developments

The initiative suggests strategic growth in Asia, aligning with Oracle's global expansion plans, which could attract investor interest.

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.

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