Oppenheimer analyst Brian Schwartz maintained a Perform rating on Oracle following the company's "soft" Q1 results and below consensus Q2 guidance. In a research note to investors, Schwartz says Oracle's business "got off to a slow start" in Q1, and cautions investors getting involved in "bottom fishing" Oracle shares in the hopes of outsized returns. He says Oracle's cloud transition has come "too late," resulting in steady customer and workload attrition to competitors, and says that the business remains under pressure and guidance suggests large company M&A and the corresponding risks "are near."

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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