Oracle Financial Services Software reported disappointing set of numbers on all fronts for Q4FY18. The revenue increased by 1.5% qoq and 2.2% yoy to Rs1,075cr. EBITDA came in at Rs352cr, down 16.1% qoq and 6.4% yoy. EBITDA margin at 32.8% was down 690bps qoq and 300bps yoy. Reported PAT came in at Rs236cr, down 18.6% qoq but up 3.4% yoy.
Product business grew by 1.8% qoq after reporting 11.7% sequential decline in Q3FY18.
Services and BPO business were flattish at -0.6% qoq and 0.0% qoq respectively.
Within Products business, North America grew strongly at ~9% qoq, EMEA was up ~6% qoq while JPAC declined by ~12% qoq.
Proportion of Fixed price contracts declined from 49% in Q3FY18 to 47%.
Top customer declined by 2.6% qoq, while Top 5 and Top 10 customers declined by 0.2% qoq and 0.1% qoq respectively.
DSO increased by 10 days qoq to 73.
Signed license deals of USD10mn for the quarter. 11 customers went live on Oracle Financial Services software products during the quarter.
Oracle Financial Services Software Ltd is currently trading at Rs. 4,034.15, down by 103 points or 2.49% from its previous closing of Rs. 4,137.15 on the BSE.
The scrip opened at Rs. 4,105 and has touched a high and low of Rs. 4,105 and Rs. 4,008.90 respectively. So far 4,056 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.
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