uploads///Annual revenue growth

Oracle Utilities Forms a Strategic Partnership with AEP

By

May. 14 2018, Updated 7:30 a.m. ET

Partnership details

Leading database management solution provider Oracle (ORCL) drives its business through strategic partnerships with a variety of entities. In April, Oracle Utilities teamed up with American Electric Power (AEP) to boost its business and drive operational efficiency for its customers.

This strategic alliance may benefit American Electric Power in several ways. AEP can utilize Oracle Utilities’ applications and Oracle enterprise applications to support its business and technology transition.

Article continues below advertisement

Oracle is supplying the power company with cutting-edge technologies that can help AEP achieve its performance goals through the consistent use of applications and business processes across the enterprise. The integrated application also offers AEP improved flexibility and scalability to trim costs.

Top-line growth

From the graph above, we can see Oracle’s total revenue growth in the last five years. During this period, it grew at a CAGR (compound annual growth rate) of 0.3%. The company exited fiscal 2017 with nearly $37.7 billion in revenues, up 2.0% YoY (year-over-year). In fiscal 3Q18, the company’s total revenues reached ~$9.8 billion, which climbed 6.0% YoY.

The Opower Energy Efficiency programs of the Oracle Utilities unit have produced about $2.0 billion in utility bill savings for customers over the past decade. This level of savings is a solid achievement that may encourage the business unit to enter into more such partnerships.

Advertisement

More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.