Oracle Financial Services Software reports 16% fall in Q1 consolidated net profit

07 Aug 2015

Oracle Financial Services Software has reported results for first quarter ended June 30, 2015.

The company has reported a fall of 22.61% in its net profit at Rs 268.46 crore for the quarter ended June 30, 2015 as compared to Rs 346.89 crore for the same quarter in the previous year. The company’s total income has decreased by 10.03% to Rs 949.7 crore for the quarter under review, from Rs 1055.55 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 16.50% fall in its net profit after tax, minority interest and share of profit/(loss) of associates at Rs 329.33 crore for the quarter ended June 30, 2015 as compared to Rs 394.43 crore for the same quarter in the previous year. Total income of the company has decreased by 5.91% at Rs 1151.06 crore for quarter under review as compared to Rs 1223.32 crore for the quarter ended June 30, 2014.

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