Q4FY22 Quarterly Result Announced for Oracle Financial Services Software Ltd.
Oracle Financial Services Software declares Q4FY22 result: Net Income for the Fiscal Year 2021-22 of Rs. 1,889 Crore, up 7%. Company won largest ever multi-year SAAS deal with a Tier-I US Bank. Declares an interim dividend of Rs. 190 per equity share of Rs. 5 face value On a consolidated basis, Net income for fiscal year 2022 was Rs. 1,889 Crore, up 7% compared to fiscal year 2021. Revenue for fiscal year 2022 was Rs. 5,221 Crore, up 5% compared to fiscal year 2021. Operating income for fiscal year 2022 was Rs. 2,394 Crore, up 2% compared to fiscal year 2021. For the quarter ended March 31, 2022, the revenue was Rs. 1,277 Crore, up 5% YoY; the operating income was Rs. 528 Crore, down 6% YoY; and the net income was Rs. 482 Crore, up 5% YoY. For the full year ended March 31, 2022, the Products business posted revenue of Rs. 4,692 Crore, up 6% compared to fiscal year 2021, and operating income of Rs. 2,452 Crore, up 3% YoY. For the quarter ended March 31, 2022, the Products business posted revenue of Rs. 1,154 Crore, up 7% YoY and an operating income of 542 Crore down, 3% YoY. Chet Kamat, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said, “We continue to see broad based demand across product lines for both onpremises and cloud/SAAS deployment modes. In particular, our ongoing investments in building organic SAAS solutions are starting to bear fruit. We concluded the year with $91 million of license revenue, up 17% over the last fiscal year. In this quarter, we signed our largest-ever multi-year SAAS deal with a tier 1 US Bank.” Makarand Padalkar, Executive Director and Chief Financial Officer, Oracle Financial Services Software, said, “We have maintained consistency in the performance. The net margins were 38% for the quarter, and 36% for the year ended March 31, 2022. Our accounts receivables are healthy, with the Days of Sales Outstanding (DSO) of 59 days.” Result PDF05-05-2022
