Oracle Financial Services Software Ltd Q1 consolidated PAT at Rs. 479.79 crore

ORACLE FINANCIAL SERVICES SOFTWARE LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.1385.02 crores during the period ended June 30, 2020 as compared to Rs.1300.67 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.479.79 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.269.22 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.55.65 for the period ended June 30, 2020 as compared to Rs.31.24 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 1385.02 crs	₹ 1300.67 crs	6.49%
Net Profit	₹ 479.79 crs	₹ 269.22 crs	78.21%
EPS	₹ 55.65	₹ 31.24	78.14%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.1385.02 crores during the period ended June 30, 2020 as compared to Rs.1307.12 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.479.79 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.377.38 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.55.65 for the period ended June 30, 2020 as compared to Rs.43.81 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 1385.02 crs	₹ 1307.12 crs	5.96%
Net Profit	₹ 479.79 crs	₹ 377.38 crs	27.14%
EPS	₹ 55.65	₹ 43.81	27.03%

"We posted an all-round healthy quarter with net income growth of 27% year over year and revenue growth of 5% year over year. The license signings for the quarter stood at $29.5 million, spanning our entire portfolio and across diverse banks in 32 countries," said Chet Kamat, Managing Director and Chief Executive Officer, Oracle Financial Services Software. "While the impact of the COVID-19 pandemic on the broader global economy has been swift, dramatic and unpredictable, Oracle's products remain critical to the business operations of our customers in the financial services industry, which being part of essential services, continue to operate with strong support from Oracle Financial Services Software," he added.

"While the COVID-19 pandemic has resulted in a challenging and uncertain environment, our value proposition remains very relevant, and even more so when the economic recovery begins. Our strong performance this quarter is a testimony to this, and we will continue to actively monitor the situation and respond in the best interests of our employees, customers, partners, suppliers and stockholders," said Makarand Padalkar, Executive Director and Chief Financial Officer, Oracle Financial Services Software. "In the midst of the crisis, we delivered a solid performance on all operating parameters. Both, the operating margins of 49% and net margins of 36%, were at the highest levels seen in recent times and amongst the best in the industry."

Shares of ORACLE FINANCIAL SERVICES SOFTWARE LTD. was last trading in BSE at Rs.2976.7 as compared to the previous close of Rs. 2977.4. The total number of shares traded during the day was 1608 in over 434 trades.

The stock hit an intraday high of Rs. 2988.7 and intraday low of 2925. The net turnover during the day was Rs. 4762729.

Source : Equity Bulls

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