Oracle Financial Services hits record high after strong Q1 numbers

Oracle Financial Services Software was up 3.44% to Rs 4,357 at 10:02 IST on BSE after consolidated net profit rose 43% to Rs 329 crore on 11% growth in revenue to Rs 1057 crore in Q1 June 2015 over Q4 March 2015.

The Q1 result was announced after market hours yesterday, 6 August 2015.

Meanwhile, the S&P BSE Sensex was up 17.28 points or 0.06% at 28,315.41.

On BSE, so far 4,003 shares were traded in the counter as against average daily volume of 18,917 shares in the past one quarter.

The stock hit a high of Rs 4,373.20 so far during the day, which is a record high for the counter. The stock hit a low of Rs 4,260 so far during the day. The stock had hit a 52-week low of Rs 3,139.20 on 28 April 2015.

The large-cap company has equity capital of Rs 42.32 crore. Face value per share is Rs 5.

Oracle Financial Services Software's (OFSS) operating profit rose 18% to Rs 415 crore in Q1 June 2015 over Q4 March 2015.

Commenting on the company's Q1 performance, Chet Kamat, Managing Director and Chief Executive Officer of OFSS said that the company maintained a strong winning momentum to sign deals across all its product lines across the globe. During Q1 June 2015, the company signed new licenses worth $25 million. OFSS' product capability offers customers multiple deployment choices thereby giving them the competitive edge, Kamat said.

OFSS is a world leader in providing products and services to the financial services industry and is a majority owned subsidiary of Oracle Corporation.

Powered by Capital Market - Live News