Oracle Financial Services Software announced Q2FY23 results: Net income for the quarter was Rs. 398 crore, down 11% YoY Revenue for the Quarter was Rs. 1,376 crore, up 7% YoY Operating income for the quarter was Rs. 540 crore, down 10% YoY Products business posted revenue of Rs. 1,226 crore, up 7% YoY, and operating income of Rs. 552 crore, down 8% YoY Services business posted revenue of Rs. 150 crore, up 10% YoY, and an operating income of Rs. 40 crore, up 11% YoY Chet Kamat, managing director and chief executive officer, Oracle Financial Services Software, said, “Our quarterly revenue grew 7% over the corresponding period year-overyear. We continued to invest in our banking and analytics solutions and in the sales infrastructure. Our traction in tier-one banks continues to be strong and the customer pipeline testifies to the strength and breadth of our offerings for the Financial Services industry.” Makarand Padalkar, executive director and chief financial officer, Oracle Financial Services Software, said, “We continue to aggressively invest in expanding our capability, infrastructure, and human capital for future growth. In a highly competitive environment, we demonstrate superior operational performance, while investing substantially for the future.” Result PDF