IT Consulting & Software company Oracle Financial Services Software announced Q1FY24 results: On a consolidated basis, Revenue for Q1FY24 was Rs 1,462 crore, up 4% YoY. Net income for the quarter was Rs 501 crore, up 2% YoY. Operating income for Q1FY24 was Rs 606 crore, down 4% YoY. For Q1FY24, the Products business posted revenue of Rs 1,318 crore, up 4% YoY, and operating income of Rs 611 crore, down 5% YoY For Q1FY24, the Services business posted revenue of Rs 145 crore, up 6% YoY, and an Operating income of Rs 47 crore, up 48% YoY. Chet Kamat, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said, “We posted a healthy quarter with license booking of USD 27.4 million. We continued to win deals across all our product lines around the globe. We have a robust deal pipeline with significant large opportunities reflecting customer confidence in our offerings to address digital disruption, changing customer demographics, and heightened regulatory requirements. Our suite of products offers customers multiple deployment choices enabling them to have a competitive advantage." Makarand Padalkar, Executive Director and Chief Financial Officer, Oracle Financial Services Software, said, “We posted strong operating performance this quarter with an operating margin of 42% and net margin of 34%. All other operating parameters continue to be healthy.” Result PDF