Oracle Financial Services Software reports 5% rise in Q4 net profit

17 May 2014

Oracle Financial Services Software has reported results for fourth quarter and year ended March 31, 2014

The company has posted a rise of 4.93% in its net profit at Rs 279.40 crore for the quarter ended March 31, 2014 as compared to Rs 266.26 crore for the same quarter in the previous year. Total income of the company increased by 8.50% at Rs 915.24 crore for quarter under review as compared to Rs 843.47 crore for the quarter ended March 31, 2013.

For the year ended March 31, 2014, the company has posted a jump of 11.57% in its net profit at Rs 1148.36 crore as compared to Rs 1029.26 crore for the same period in the previous year. Total income of company has improved by 11.91% at Rs 3780.39 crore for year under review as compared to Rs 3378.02 crore for the period ended March 31, 2013.

For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 26.43% in its net profit at Rs 1359.32 crore as compared to Rs 1075.14 crore for the same period in the previous year. Total income of company has increased by 12.23% at Rs 4414.97 crore for year under review as compared to Rs 3933.54 crore for the period ended March 31, 2013.

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