How is Oracle Financial Services Q4 Results and Growth Forecast?
Oracle Financial Services Software has reported strong financial results for its fourth quarter, showcasing a robust performance in various key metrics. The company’s consolidated net profit for Q4 stood at Rs 560.12 crore, marking a substantial 16% increase compared to the previous year. This positive growth trajectory was further underlined by a consolidated revenue of Rs 1,642 crore, reflecting a healthy 12% year-over-year rise.
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Oracle Financial revenue growth and Product segments
The Products business segment of Oracle Financial Services Software played a pivotal role in driving revenue growth, generating Rs 1,491 crore in Q4, a notable 12% increase from the same period last year. The segment’s operating income also saw a commendable uptick, reaching Rs 718 crore, up by 13% year-over-year. Additionally, the Services business segment contributed significantly to the company’s overall revenue, recording Rs 151 crore in revenue, a 13% increase from the previous year, and an operating income of Rs 44 crore, up by an impressive 47% year-over-year.
Oracle Financial Services has Declared Rs 240 Dividend Per share
The company’s profitability was further underscored by a profit before tax of Rs 785.24 crore, marking a substantial 14.51% increase year-over-year. Oracle Financial Services Software’s board declared a dividend of Rs 240 per share for the period, reflecting the company’s commitment to delivering value to its shareholders.
Makarand Padalkar, the managing director and CEO of Oracle Financial Services Software, credited the company’s strong performance to its diverse portfolio of products and services tailored for the financial services industry. He emphasized the importance of innovation and customer-centric solutions in driving sustainable growth.
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Avadhut Ketkar, the CFO of Oracle Financial Services Software, highlighted the company’s robust financial performance, pointing out a 12% revenue growth and a significant 17% increase in net income year-over-year. The company’s healthy operating margin of 43% and net margin of 34% for the quarter ended March 31, 2024, further solidified its financial position.
Oracle Financial Services Software, a subsidiary of Oracle Corporation, continues to lead the financial services industry with its innovative products and services, driving value for customers and shareholders alike.
