Oracle Financial hits lifetime high post June quarter results

Oracle Financial Services Software has rallied 4% to Rs 4,373, also its lifetime high on the BSE, after the company reported a 43% jump in consolidated net profit, on a sequential basis, at Rs 329 crore for the quarter ended June 2015 (Q1).

The information technology (IT) company had posted a profit of Rs 230 crore in the March quarter.

Total revenues increased by 11% at Rs 1,057 crore in the June quarter against Rs 950 crore in the previous quarter. EBITDA (earnings before interest, tax, depreciation and amortisation) margin improved to 39% from 37%.

The company said it signed new license deals amounting to US $25 million in the quarter.

“We maintained a strong winning momentum to sign deals across all our product lines across the globe. For the quarter ended June 2015, we signed new licences of USD 25 million. Our product capability offers customers multiple deployment choices, thereby giving them the competitive edge," said Oracle Financial Services Software Managing Director and CEO Chet Kamat.

At 10:08 AM, the stock was up 2.6% at Rs 4,323 on the BSE, with a combined 68,189 shares changing hands on the counter on the BSE and NSE.