IT Consulting & Software company Oracle Financial Services Software announced Q1FY25 results: Revenue was Rs 1,741 crore, up 19% YoY. Operating income was Rs 825 crore, up 36% YoY. Net income was Rs 617 crore, up 23% YoY. Products business posted a revenue of Rs 1,595 crore, up 21% YoY. Services business posted revenue of Rs 146 crore, up 1% YoY. Makarand Padalkar, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said, “We are pleased with the overall performance, delivering a doubledigit growth on all key metrics. We signed new license deals for USD 35.1 million during the quarter representing a growth of 28% YoY. Our execution continues to be strong with successful delivery of a number of consulting and product implementation engagements. With significant opportunities, our deal pipeline validates the relevance of our offerings to global financial institutions as they transform to address digital disruption, changing customer demographics, and heightened regulatory pressure. Avadhut Ketkar, Chief Financial Officer, Oracle Financial Services Software, said, “Strong growth in our revenues has helped us deliver a robust 23% YoY growth in the net income for the quarter. Our operating margin was 47% and net margin was 35% demonstrating the strength of our operating discipline and quality of our product portfolio.” Result PDF