Informist, Wednesday, Jul. 23, 2025

By Sunil Raghu

AHMEDABAD – Oracle Financial Services Software Ltd. reported a sequential fall in the bottom line for the June quarter. Though marginal, it was a third sequential fall in the last four quarters. In the March quarter, company had clocked a positive growth. On other hand, the company's top line, which had seen its lowest sequential growth in over 10 years in the previous quarter, saw highest sequential growth over the last five quarters in Apr-Jun.

The Indian subsidiary of Oracle Corp. engaged in financial and insurance technology services, reported a consolidated net profit of INR 6.42 billion for the June quarter, down 0.3% on quarter from INR 6.44 billion. Its consolidated revenue for the quarter was INR 18.52 billion, up 7.9% from INR 17.16 billion reported in the March quarter. On a year-on-year basis, the company's net profit grew nearly 4.1% and revenue grew 6.4%.

Revenue from the product business, which accounted for 90% of the company's consolidated revenue in the June quarter, was INR 16.74 billion, up 8.7% on quarter and 5% on year. The services business, which contributed 10% to the consolidated revenue of the company, reported a revenue of INR 1.78 billion, up nearly 1.3% on quarter and up 22% on year.

The company's total expenses for the June quarter rose 6.3% sequentially to INR 10.19 billion. This was because of a near 3.5% sequential rise in employee benefit expenses to INR 8.39 billion. The company's employee count at the end of June quarter stood at 9,080, up from 8,887 at the end of March quarter.

Employee benefit expenses accounted for nearly 82% of the company's total expenses in the June quarter. Other operating expenses of the company rose nearly 77% sequentially to INR 517 million.

"Driven by strong cloud wins, our revenues grew 6% on year and 8% on quarter basis," Makarand Padalkar, managing director and chief executive officer of Oracle Financial Services Software, said in a press release Wednesday.

Chief financial officer of the company Avadhut Ketkar said the company's remaining performance obligations as of Jun. 30 were INR 63.27 billion. The operating margins for the June quarter came in at 45% and net margin at 35%.

The company announced its earnings after the end of market on Wednesday. Shares of the company closed at INR 8,779 on the National Stock Exchange, up 0.8%. End

Edited by Akul Nishant Akhoury

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