Oracle Q1 net profit falls 16.50% to Rs 329.33 crore

Image
Press Trust of India New Delhi
Last Updated : Aug 06 2015 | 10:48 PM IST
IT firm Oracle Financial Services Software today reported a decline of 16.50 per cent in its consolidated net profit at Rs 329.33 crore for the first quarter ended June 30, 2015.
The company had posted a net profit of Rs 394.43 crore for the same period of previous fiscal, Oracle Financial Services said in a filing to the BSE.
Its total income from operation, on a consolidated basis, also declined 1.53 per cent to Rs 1,056.56 crore during the April-June quarter as against Rs 1,072.98 crore in the corresponding year-ago period.
"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.
Shares of the company today settled at Rs 4,212.15 apiece on the BSE, down 0.72 per cent from its previous close.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 06 2015 | 10:48 PM IST

Next Story