ORACLE FINANCIAL SERVICES SOFTWARE LTD. - 532466 - Intimation Of ESOP Allotment Committee Meeting To Be Held On Wednesday, May 22, 2024
Please find enclosed the intimation for the ESOP Allotment Committee Meeting to be held on Wednesday, May 22, 2024. Short Take: OFSS F&O contracts adjustment
With respect to adjustment in futures contracts, the reference rate of the relevant contract on May 6 will be considered
Apollo Health adopts Oracle Fusion Cloud ERP to optimise financial operations
By implementing Oracle Cloud ERP, the company will be able to eliminate manual processes and embrace continuous innovation to improve speed and accuracy in reporting, align financial and operational planning, and gain insights to drive better decisions. ORACLE FINANCIAL SERVICES SOFTWARE LTD. - 532466 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Please find enclosed the outcome of the ESOP Allotment Committee Meeting held on May 1, 2024 ORACLE FINANCIAL SERVICES SOFTWARE LTD. - 532466 - Announcement Under Regulation 30 - Dividend Updates
Please find enclosed the communication sent to shareholders on deduction of tax at source on Interim Dividend. ORACLE FINANCIAL SERVICES SOFTWARE LTD. - 532466 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed the copies of the newspaper publications of financial results for the three month period and year ended March 31, 2024. Q4FY24 Quarterly & FY24 Annual Result Announced for Oracle Financial Services Software Ltd.
IT Consulting & Software company Oracle Financial Services Software announced Q4FY24 & FY24 results: FY24 Financial Highlights: Consolidated revenue was Rs 6,373 crore, marking a 12% increase over the previous fiscal year. The year ended with a net income of Rs 2,219 crore, representing a boost of 23% from the last fiscal year. The company declared an interim dividend of Rs 240 per equity share with a face value of Rs 5. Operating margin for the fiscal year 2024 stood at 42%, with a net margin slightly higher at 35%. Q4FY24 Financial Highlights: For the final quarter, revenue reached Rs 1,642 crore, a YoY increase of 12%. Operating income for the quarter was Rs 703 crore, reflecting a rise of 13% over the same period last year. Net income for the quarter was Rs 560 crore, up by 17% from the previous year. The quarterly operating margin was reported at 43% and the net margin was 34%. Product revenue reached Rs 1,491 crore for the quarter, up by 12% YoY. Avadhut Ketkar, Chief Financial Officer, Oracle Financial Services Software, said, “For the quarter, our revenue increased by 12% and net income grew by 17% on a YoY basis. We continued to deliver robust financial performance by offering industry-leading products and services to the financial services industry. For the quarter ended March 31, 2024, our operating margin was 43% and net margin was 34%. For the year ended March 31, 2024, we posted an operating margin of 42% and a net margin of 35%.” Makarand Padalkar, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said, “We are very pleased to report double-digit growth in revenues, operating income, and net income for the fiscal year ended March 31, 2024. This was a result of our winning portfolio of products and services focused on the financial services industry. During the fiscal year 2024, we signed license fees of USD 137.3 million across our entire range of products registering 43.7% growth over license fee signings in fiscal year 2023. The robust growth of our cloud offering pipeline drove the strength of cloud bookings this fiscal year, and we expect to see continued strength in our cloud offering pipeline. With customer preference shifting toward cloud services, our revenue mix is shifting more toward recurring revenue services, including cloud services, and less for transactional revenue, including signed license fees which were USD 19.9 million for the quarter ended March 31, 2024. We successfully delivered a number of complex and challenging product implementations across various regions, demonstrating the richness and quality of our offerings. Our strong financial performance this fiscal year reflects the continued importance of our product offerings to global financial institutions, supporting them in their innovation and transformation business objectives.” Result PDF
Oracle Financial Services Software Q4 Results Review - Healthy Cloud Wins Adding To Visibility: Dolat Capital
Lumpiness in license win moderated by recurring natured cloud wins ORACLE FINANCIAL SERVICES SOFTWARE LTD. - 532466 - Intimation Of ESOP Allotment Committee Meeting To Be Held On May 1, 2024
This is to inform you that ESOP Allotment Committee Meeting of the Company will be held on May 1, 2024. ORACLE FINANCIAL SERVICES SOFTWARE LTD. - 532466 - Corporate Action - Fixes Record Date For Declaration Of Dividend.
The Board of Directors at its meeting held on April 24, 2024 fixed Tuesday, May 7, 2024 as the record date for the purpose of interim dividend.