Oracle Financial Services Software Ltd. News and Updates

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

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