Wedbush analyst Steve Koenig maintained a Neutral rating and $49 price target on Oracle following the company's Q1 results, telling investors in a research note that Q1 software revenue growth of 3% "probably won't impress investors." His checks suggest that NetSuite and Financials Cloud are doing best among Oracle's cloud portfolio, but that overall cloud renewal rates remain well below industry norms and says the company's key challenge will be to figure out how to capitalize on and monetize on customers' shift to the cloud with Oracle's database offering. He also lacks confidence that the company can make significant IaaS inroads into its database customer base or stem the rising tide of AWS (AMZN) in Oracle's enterprise market and doesn't see much in the way of positive catalysts.

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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