Oracle Financial Services Software Ltd.

BSE: 532466 | NSE: OFSS
Mid Cap | IT - Software
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Oracle Financial Services’ Q2 consolidated net dips by 21%

Date: 28-10-2011

Oracle Financial Services Software has reported results for the quarter ended September 30, 2011.

The Company’s net profit for the quarter has declined by 21.79% at Rs 165.42 crore as compared to Rs 211.52 crore for the quarter ended September 30, 2010.  Company’s total revenue has increased by 6.17% at Rs 618.34 crore for the second quarter of the current fiscal whereas the same was at Rs 582.41 crore for the similar period of the last year.

On Consolidated basis, the Group’s net profit after tax for the quarter under review has declined by 20.81% at Rs 208.67 crore as compared to Rs 263.52 crore for the similar quarter of the previous year. Its total revenue has increased by 1.69% to Rs 756.17 crore for the quarter from Rs 743.60 crore for the quarter ended September 30, 2011.