Oracle has recently made an announcement of upcoming Oracle HCM Cloud Applications Release 12 on Oracle Cloud Release Readiness page (https://cloud.oracle.com/en_US/saasreadiness/hcm) and I am going to outline the most valuable features that were announced. This is only my own opinion and you are welcome to make any additional input. As we can see the major efforts have been made to improve primarily the technology components.
I am eager to see a new release by myself and as far as I know it is expected to be released in February 2017 but only The Lord and perhaps Oracle know the exact dates.
Please see the rest of my new article on erpwebtutor.com portal.