Oracle Financial Services hits new high on robust Q1 earnings

The operating income for the quarter was Rs 371 crore, up 69% over the quarter ended June 2011.

Oracle Financial Services has soared 7% to Rs 2,819, also its historic high, after reporting 80% year-on-year (yoy) jump in consolidated net profit at Rs 368 crore for the quarter ended June 2012.

Total revenues grew 33% at Rs 946 crore on y-o-y basis. The operating income or profit for the quarter was Rs 371 crore, up 69% over the quarter ended June 2011.

“The operating margin for the quarter was 39% registering an 8% point increase. Strong collections helped ensure the days of sales outstanding (DSO) reduce to 76 days at the end of the quarter,” said Makarand Padalkar, chief financial officer for Oracle Financial Services Software.

 

The stock opened at Rs 2,660 and hit a low of Rs 2,645 on the NSE. A combined 467,427 shares have already changed hands on the counter so far, against an average around 50,000 shares that were traded daily in past two weeks.