On Wednesday, Oracle Financial Services Software Limited announced its results for the quarter ending December 2021. The shares opened weak Thursday following this announcement and dipped throughout the day as investors grim over the marginally weak performance of the company.
The company reported a rise in sales of 2.25% to Rs 1266.33 crores against Rs 1238.42 crore during the previous corresponding quarter.
The company’s Net Profit inched by 1.32% at Rs 435.54 crore against a Net Profit of Rs 429.68 for the quarter ending December 2020.
Oracle Financial Services Software Ltd is an arm of Oracle Corporation and is a corporate banking, retail banking, and insurance technology solutions provider for the banking industry.
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