Oracle Financial Q1 net profit up 76%
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B. Karthick
Jul 30, 2009, 11:58:38 PM7/30/09
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IT financial services solutions vendor Oracle Financial Services
Software today said its consolidated net profit rose by 75.99 per cent
to Rs 185.78 crore for the first quarter ended June 30, 2009, over the
same period last year.
Consolidated total income decreased to Rs 670.1 crore in the latest
quarter against Rs 681.02 crore in the same period last fiscal, the
company said in a filing to the Bombay Stock Exchange (BSE).
"We are pleased to open fiscal year 2010 on a positive note, with
product business revenues of Rs 442 crore, an increase of 22 per cent
compared to the same quarter last year," Oracle Financial Services MD
and CEO N R K Raman said.
On the standalone basis, the company has posted a growth of 65 per
cent in its net profit to Rs 152.22 crore in the current quarter.
Standalone total income rose to Rs 545.62 crore in the quarter under
review, against Rs 462.8 crore in the same period last year.
Software today said its consolidated net profit rose by 75.99 per cent
to Rs 185.78 crore for the first quarter ended June 30, 2009, over the
same period last year.
Consolidated total income decreased to Rs 670.1 crore in the latest
quarter against Rs 681.02 crore in the same period last fiscal, the
company said in a filing to the Bombay Stock Exchange (BSE).
"We are pleased to open fiscal year 2010 on a positive note, with
product business revenues of Rs 442 crore, an increase of 22 per cent
compared to the same quarter last year," Oracle Financial Services MD
and CEO N R K Raman said.
On the standalone basis, the company has posted a growth of 65 per
cent in its net profit to Rs 152.22 crore in the current quarter.
Standalone total income rose to Rs 545.62 crore in the quarter under
review, against Rs 462.8 crore in the same period last year.
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