IT Consulting & Software company Oracle Financial Services Software announced Q4FY23 & FY23 results: Consolidated Q4FY23: For Q4FY23, the company’s consolidated revenue was Rs 1,471 crore, up 15% YoY Operating income Rs 625 crore was up 18% YoY Net income was Rs 479 crore, down 0.5% YoY Consolidated FY23: Revenue for FY23 was Rs 5,698 crore, up 9% compared to FY22 Operating income for FY23 was Rs 2,378 crore, down 1% compared to FY22 Net Income for FY23 was Rs 1,806 crore, down 4% compared to FY22 For FY23, the Products business posted revenue of Rs 5,131 crore, up 9% compared to FY22 and operating income of Rs 2,447 crore down 0.2% YoY For the same period, the Services business posted revenue of Rs 567 crore, up 7% compared to FY22 and operating income of Rs 130 crore, down 0.2% YoY The Board of Directors of the Company declared an Interim Dividend of Rs 225 per equity share of face value of Rs 5/- each for FY23 Chet Kamat, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said: “On a full-year basis, our total revenue grew by 9%. We signed USD 28.8 million in new license fees in the quarter and our quarterly revenue grew by 15.2% on a YoY basis. We also see our subscription/cloud revenue growing. We are engaged in several strategic client initiatives and have a strong deal pipeline. During the year, we invested heavily in our human capital and product capabilities, and we have continued to see success for all our products globally.” Makarand Padalkar, Executive Director and Chief Financial Officer, Oracle Financial Services Software, said: “We maintained our focus on delivering robust operating performance. Our workforce increased by 9% between March 2022 and March 2023, while the operating margin for the financial year 2022-23 was 41.7%, and the net margin was 31.7%. On a quarter-over-quarter basis, our quarterly operating income increased by 7.8% and the net income by 9.6%.” Result PDF