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MarketScreener Homepage  >  Equities  >  Nyse  >  Oracle Corporation    ORCL

ORACLE CORPORATION

(ORCL)
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Oracle : TMG Accelerates Oracle CCS Certification and is working with the INDUSTRY'S FIRST 3 ORACLE UTILITIES CUSTOMER CLOUD SERVICE PROGRAMS going to the Cloud in 2020

10/21/2020 | 07:59am EST

TMG announced today the acceleration and expansion of its Oracle Customer Cloud Service (CCS) Certification program for the utilities industry globally, achieving official accreditation and certification by Oracle Corporation of TMG's 5th CCS Implementation Specialist.

This is a significant milestone for TMG as the firm continues to demonstrate its Oracle Utilities products and solutions project delivery and professional services competency on a global scale. Today, TMG is working with six (6) utilities to implement Oracle CCS, with customer bases ranging from 40,000 to over 1M, that provide electric, gas, water, waste water and other services; and the company is fully on track working alongside Oracle to take the industry's first 3 utility CIS programs fully to the Cloud with the Oracle CCS solution later in 2020 - another industry first!

This prestigious CCS Implementation Specialist Certification from Oracle Corp. has now been achieved by 4 TMG-Synersys professionals in Manila, Philippines, and one in North America, with several more anticipated in the near future, and underscores TMG's expanding leadership commitment to expertly guide utilities to SaaS and Cloud solutions by providing hands-on relevance and knowledge of the latest cloud solution options as well as the permutations of the various solution deployment and support options available to utilities today.

An Oracle Utilities Customer Cloud Service 2020 Certified Implementation Specialist must pass a rigorous examination and demonstrate specialized knowledge required to implement and configure the CCS service, including Managing Customer Information and Financial Transactions, Billing, Managing Rates and Payments, Monitoring Overdue Debt, Devices & Measuring Components, Measurements, VEE, Usage, Fieldwork, and Service Order Management, and Operational Device Management.

'This is a significant milestone for TMG as we increasingly see utilities of all shapes and sizes investigating the cloud for their customer transformation programs, often with more questions than answers,' said Pam Glanvill - TMG's President & Global Head of Professional Services. 'TMG is pioneering the way utilities investigate, justify, and adopt the cloud into their systems landscape, and we are leading the industry with TMG hands-on CCS cloud implementations underway at 6 utilities, with the first 3 slated to go live later this year. No other firm can make that claim in our industry.'

For more information, please contact Pam Glanvill, President & Global Head of Professional Services at Pam.Glanvill@tmgconsulting.com.

About TMG Consulting

TMG Consulting is an advisory and professional services firm working with utilities to plan, develop, implement, and manage their ecosystem of digital technology solutions and service providers. Over the past 28 years, TMG has worked with over 300 utilities, matching their business needs with digital solutions, systems integrators, and implementation services to maximize the value of their customers and optimize and de-risk their IT investment. TMG brings deep experience across all major IT domains including CIS, Metering, Asset Management, Work Management, Resource Planning, and ERP environments. TMG's clients include Utilities of all sizes providing Water, Gas, Electric, and Municipal Services in both regulated, competitive and public power markets.

Press Contact

Amanda Baak

Head of Corporate Branding & Marketing, TMG Consulting

Amanda.baak@tmgconsulting.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 39 858 M - -
Net income 2021 10 204 M - -
Net Debt 2021 30 599 M - -
P/E ratio 2021 17,5x
Yield 2021 1,67%
Capitalization 174 B 174 B -
EV / Sales 2021 5,13x
EV / Sales 2022 4,93x
Nbr of Employees 135 000
Free-Float 61,9%
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 61,85 $
Last Close Price 57,79 $
Spread / Highest target 21,1%
Spread / Average Target 7,03%
Spread / Lowest Target -22,1%
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Managers
NameTitle
Safra Ada Catz Chief Executive Officer & Director
Lawrence Joseph Ellison Chairman & Chief Technology Officer
Michael J. Boskin Independent Director
Jeffrey O. Henley Vice Chairman
Jeffrey S. Berg Independent Director
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