Oracle Financial Services Software reported disappointing set of numbers on all fronts for Q1FY19. The revenue increased by 25.1% qoq and 11.7% yoy to Rs1,344.8cr. EBITDA came in at Rs624.4cr, up 77.2% qoq and 20.5% yoy. EBITDA margin at 46.43% was higher by 1,365bps qoq and 337bps yoy. Reported PAT came in at Rs401.8cr, up 70.4% qoq and 8.7% yoy.
Product business which contributes 89% to revenue grew by 28% qoq.
Services and BPO business grew by 3% and 5% respectively on a sequential basis.
The company signed license fee of $28mn during this quarter with customers in 35 countries across the globe.
21 customers went live on Oracle Financial Services software products during the quarter.
Oracle Financial Services Software Ltd is currently trading at Rs. 3,968, up by 62.95 points or 1.61% from its previous closing of Rs. 3,905.05 on the BSE.
The scrip opened at Rs. 3,923.90 and has touched a high and low of Rs. 3,968.85 and Rs. 3,908 respectively. So far 34,333 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.
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