Oracle Financial Services Software announced Q3FY23 results: Q3FY23: Revenue for the quarter at Rs 1,449 Crore, up 14% YoY. Net Income of Rs 437 Crore. Operating income for the quarter was Rs 579 Crore, up 4% YoY. In the three months ended Q3FY23, the products business posted revenue of Rs 1,303 Crore, up 15% YoY, and operating income of Rs 616 Crore, up 6% YoY. In the same period, the services business posted revenue of Rs 147 Crore, up 11% YoY, and an operating income of Rs 29 Crore, down 11% YoY. Chet Kamat, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said, “The strategic investments we have made in enriching our solutions portfolio and focusing on customer success are resulting in the growing momentum of the business. Increasing traction with prominent institutions is evident from license fee signing of US$27.5 million this quarter, and is testimony to our domain-based business model with top-notch banking products based on the newest technologies including cloud computing.” Makarand Padalkar, Executive Director and Chief Financial Officer, Oracle Financial Services Software, said, “In the last 12 months, we have continued to build our team, invest in enhancing our portfolio, and expand our global operations. We are seeing the benefits of these investments in our top line and the operating profits.” Result PDF