Oppenheimer analyst Brian Schwartz noted that Oracle (ORCL) reiterated its double-digit EPS growth guidance for FY18, though he remains skeptical if it can be achieved given the company's need to spend and "discount heavily" to prevent customers from moving workloads to Microsoft's (MSFT), Amazon's (AMZN), and Google's (GOOG) cloud platforms. Schwartz, who views Microsoft, not Oracle, as the most trusted public cloud supplier to the enterprise, keeps a Perform rating on Oracle shares, adding that he sees risk of rotation as the risks he sees to EPS estimates appear in reported results.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Vertex (VERX) announced that it has been selected to join the Oracle Independent Software Vendor, ISV, Accelerator for SaaS Initiative. With expertise in Oracle (ORCL) Cloud Fusion Cloud Applications integrations, Vertex continues to leverage the power of contract and tax data to optimize customer operations and outcomes. "Building on our longstanding relationship with Oracle, we are thrilled to join the Oracle ISV Accelerator," said Bradd Wildstein, Vice President, Indirect Sales at Vertex, Inc. "Through this partnership, Vertex can now enhance our customers' finance and sales processes by integrating essential tax solutions into Oracle Fusion Applications. It's more than just data integration - it's about unifying disparate functions, streamlining operations, and amplifying benefits for our mutual customers."

Oracle Chairman Larry Ellison said the company is moving its world headquarters to Nashville, Tennessee, Ashley Capoot of CNBC reports. Ellison said Oracle is moving to a "huge campus" and it is closer to "the center of the industry we're most concerned about, which is the health-care industry." Reference Link