Oracle Financial Services Software reports 8% rise in Q1 consolidated net profit

08 Aug 2014

Oracle Financial Services Software India has reported results for first quarter ended June 30, 2014.

The company’s net profit has surged by 21.20% at Rs 346.89 crore as compared to Rs 286.19 crore for the quarter ended June 30, 2013. Its total income has increased by 16.97% to Rs 1055.55 crore for the quarter under review from Rs 902.35 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 7.71% rise in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 394.43 crore for the quarter as compared to Rs 366.18 crore for the same quarter in the previous year. Its total income has increased by 11.18% at Rs 1223.32 crore for quarter under review as compared to Rs 1100.23 crore for the quarter ended June 30, 2013.

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