Deutsche Bank Comments On Oracle's Apps Situation

Deutsche Bank has published a report on Oracle Corporation ORCL that addressed the company's Fusion Apps suite. In the report, Deutsche Bank reported, "Our channel checks also showed that customers are continuing to buy database, middle ware and business intelligence software, which is driving license growth at Oracle. We believe that Oracle‘s infrastructure software is in the sweet spot of a long term cycle that is being driven by rapid creation of data and continuously greater utilization of online and mobile applications." The report also summarized several reasons to be bullish on Oracle's stock, including a strong infrastructure and sales acceleration. Deutsche Bank rated Oracle a HOLD with a price target of $30.00. Oracle closed Thursday at $32.05.