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
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