Oracle Financial Services Software drops after announcing weak Q4 results

Oracle Financial Services Software fell 1.45% to Rs 3438.80 at 11:30 IST on BSE after consolidated net profit dropped 7.73% to Rs 230.37 crore on 1.28% rise in total income from operations to Rs 949.76 crore in Q4 March 2015 over Q3 December 2014.

The Q4 result was announced after market hours on Friday, 15 May 2015.

Meanwhile, the S&P BSE Sensex was up 109.49 points or 0.4% at 27,433.49.

On BSE, so far 39.395 shares were traded in the counter as against average daily volume of 9,835 shares in the past one quarter.

The stock hit a high of Rs 3,546.30 and a low of Rs 3,418.30 so far during the day. The stock had hit a record high of Rs 4,179 on 19 September 2014. The stock had hit a 52-week low of Rs 2,775 on 20 May 2014.

The stock had outperformed the market over the past one month till 15 May 2015, rising 3.53% compared with Sensex's 5.12% fall. The scrip had also outperformed the market in past one quarter, gaining 1.41% as against Sensex's 6.09% fall.

The large-cap IT services provider has equity capital of Rs 42.31 crore. Face value per share is Rs 5.

Oracle Financial Services Software said operating income rose 11% to Rs 352.80 crore in Q4 March 2015 over Q4 March 2014. The company said that the revenue and operating income from the products business was Rs 755.50 crore and Rs 360.60 crore repectively, while the revenue and operating income from the services business was Rs 147 crore and Rs 18.50 crore respectively in Q4 March 2015.

Oracle Financial Services Software said that the board of directors of the company has recommended a final dividend of Rs 180 per equity share for the year ended 31 March 2015 (FY 2015).

Powered by Capital Market - Live News