View: Strong licence signings at US$29mn, wins another OBP deal OFSS reported strong Q1FY20 results with a new licence signings of US$29mn in the quarter. It signed 11 new deals in the quarter and included one OBP deal from a leading Australian Bank. The revenues were below our estimate due to weak implementation revenues in the quarter (down 10% on YoY basis) but is expected to pick up given strong 14% growth on TTM basis in its Licence revenue stream. EBIT for the quarter was inline while PAT slip was largely on account of adverse FX....