Oracle Financial Services Software Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 29, 2013 at 10:31 pm IST
Share
Oracle Financial Services Software Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported revenue from operations of INR 7,261.6 million compared to INR 6,800.1 million a year ago. Profit from operations before other income, exceptional items and tax of INR 2,539 million compared to INR 2,481.7 million a year ago. Profit before taxes was INR 3,733.7 million compared to INR 3,895.2 million a year ago. Net profit after tax was INR 2,552.1 million or INR 30.24 per diluted share compared to INR 2,516.8 million or INR 29.96 per diluted share a year ago. On consolidated basis, the company reported revenue from operations of INR 8,527.5 million compared to INR 8,159.2 million a year ago. Net profit after tax was INR 2,682.9 million or INR 31.79 per diluted share compared to INR 3,029.7 million or INR 36.07 per diluted share a year ago.
For nine months, on standalone basis, the company reported revenue from operations of INR 21,982.4 million compared to INR 18,802.5 million a year ago. Profit from operations before other income, exceptional items and tax of INR 7,919.2 million compared to INR 6,411.5 million a year ago. Profit before taxes was INR 11,282.3 million compared to INR 8,906.0 million a year ago. Net profit after tax was INR 7,630.0 million or INR 90.45 per diluted share compared to INR 5,897.3 million or INR 70.21 per diluted share a year ago. On consolidated basis, the company reported revenue from operations of INR 25,925.5 million compared to INR 22,841.7 million a year ago. Net profit after tax was INR 7,937.7 million or INR 94.10 per diluted share compared to INR 7,158.6 million or INR 85.23 per diluted share a year ago.
Oracle Financial Services Software Limited is an India-based company that is engaged in the business of providing information technology solutions and business processing services to the financial services industry. Its segments include Product licenses and related activities (Products), and information technology solutions and consulting services (Services). The Product segment deals with various banking software products and its related activities, which include enhancements, implementation and maintenance activities. The Services segment offers services spanning the entire lifecycle of applications used by financial service institutions. Its financial services banking product portfolio includes Oracle FLEXCUBE Universal Banking, Oracle FLEXCUBE for Islamic Banking, Oracle FLEXCUBE Investor Servicing, Oracle Banking Platform, Oracle Banking Branch, Oracle Banking Origination, Oracle Financial Services Lending and Leasing, Oracle Banking Accounts and Oracle Banking Cash Management.
Oracle Financial Services Software Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012