Oracle Fin Services June qtr net up 5% at Rs 204 cr
IT firm Oracle Financial Services Software today reported a growth of 5.5% in its consolidated net profit to Rs 204 crore for the quarter ended June 30, 2011.
The company had posted a net profit of Rs 193.3 crore for the same period of the previous fiscal, Oracle Financial Services said in a filing to the Bombay Stock Exchange.
Total income increased to Rs 712 crore during the April-June quarter of 2011, compared to Rs 650 crore in the corresponding year-ago period.
During the quarter, the company added 10 customers for its product business and seven customers for its services business. Seven customers completed deployment of Oracle solutions for core banking operations in the quarter.
The company signed new licences worth $13 million during the quarter.
On a standalone basis, the company reported a net profit of Rs 172 crore for the June quarter, up 0.7% vis-a-vis the same period of the previous fiscal.
Shares of Oracle Financial Services were trading at Rs 2,115 on the BSE today, down 1.2% from their previous close.