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Oracle Financial’s Q1 consolidated net profit rises 5.63%

03 Aug 2011 Evaluate

Oracle Financial Services Software has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 has marginally down 0.75% at Rs 172.63 crore as compared to Rs 173.94 crore for the corresponding quarter last year. Its total income has grown by 13.96% at Rs 500.67 crore for the quarter under review from Rs 581.90 crore for the same quarter last year.

On consolidated basis, the Group’s net profit for the quarter has jumped 5.63% at Rs 204.22 crore as compared to Rs 193.34 crore for the quarter ended June 30, 2010. Its total income has increased by 9.49% at Rs 712.08 crore for the quarter under review as compared to Rs 650.35 crore for the similar quarter of the previous year.

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