IT Consulting & Software company Oracle Financial Services Software announced 9MFY25 & Q3FY25 results Q3FY25 Financial Highlights: Revenue was Rs 1,715 crore, down 6%. Operating income was Rs 700 crore, down 17%. Net income was Rs 541 crore, down 27%. 9MFY25 Financial Highlights: Revenue was Rs 5,131 crore, up 8%. Operating income was Rs 2,250 crore, up 14%. Net income was Rs 1,736 crore, up 5%. Makarand Padalkar, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said: “We are pleased to report strong year-to-date growth for the nine-months ended December 2024. As compared to the corresponding period in the last financial year, revenues grew 8%, the operating income grew 14%. The fiscal year has seen several marquee wins across the globe and a strong uptick for our products on cloud deployment. In the nine months ending December 2024, our License and Cloud revenue grew 20% and Support revenue grew 9% as compared to corresponding period last fiscal. We see a strong deal pipeline across our products portfolio from customers around the globe.” Avadhut Ketkar, Chief Financial Officer, Oracle Financial Services Software, said: “After two strong quarters in this fiscal year, we are happy to see the continuing momentum delivering a strong nine-month performance. Our quarterly results do not follow linearity, and though this quarter’s performance is subdued as compared to the corresponding strong YoY quarter, on a nine-month basis, our operating margins were 44% against 42% in the same ninemonth period last fiscal. All our operating parameters continue to be robust.” Result PDF
IT Consulting & Software company Oracle Financial Services Software announced Q2FY25 results Revenue was Rs 1,674 crore, up 16%. Operating income was Rs 724 crore, up 36%. Net income was Rs 578 crore, up 38%. Products business posted a revenue of Rs 1,518 crore, up 17%. Services business posted revenue of Rs 156 crore, up 7% Makarand Padalkar, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said: “We are witnessing a mindset change in the global financial industry with a greater demand for cloud offerings. The continued growth in our license and cloud signings is a result of the proven ability of our products to deliver end-to-end solutions that meet customers’ business needs and arm them with competitive advantage. We have successfully delivered this quarter a double-digit growth year-over-year with revenue growing 16% and net income growing 38%.” Avadhut Ketkar, Chief Financial Officer, Oracle Financial Services Software, said: “We are pleased with the overall performance of the business as we maintain the track record of delivering strong operating performance. The Product business continued to show momentum with the revenues for the quarter growing 17% year-over-year. The operating and net margins were robust at 43% and 35%, respectively. On a half-yearly basis too, our revenue grew by 17% and the net income increased by 30%, with operating margin of 45% and net margin of 35%.” Result PDF