Oracle Financial Services reports 13% fall in Q1 net profit

14 Aug 2013

Oracle Financial Services Software has reported results for first quarter ended June 30, 2013. 

The company has reported 12.82% fall in its net profit at Rs 286.19 crore for the quarter as compared to Rs 328.28 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 5.33% at Rs 902.35 crore for quarter under review as compared to Rs 953.15 crore for the quarter ended June 30, 2012.

Oracle Financial Services Software is a majority owned subsidiary of Oracle. Oracle Corporation is the world's largest business software company.

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