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Oracle Q3 profit after tax doubles to Rs264 cr

Oracle Q3 profit after tax doubles to Rs264 cr
PTI
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First Published: Tue, Jan 27 2009. 02 27 PM IST
Updated: Tue, Jan 27 2009. 02 27 PM IST
Mumbai: IT financial services solutions vendor Oracle Financial Services Software today said its consolidated profit after tax for the third quarter ended December 31 jumped more than double to Rs263.55 crore.
The company had a net profit of Rs106.66 crore for the same quarter FY’08, Oracle Financial Services Software said in a filing to the Bombay Stock Exchange.
“These numbers demonstrate our compelling value proposition to financial institutions in the current challenging global economic scenario,” Oracle Financial Services Software Managing Director and CEO NRK Raman said.
The company’s consolidated total revenue rose to Rs801.25 crore for the same quarter under review, against Rs 619.6 crore for the corresponding period last fiscal.
On the standalone basis, the company has posted a PAT of Rs198.3 crore for the third quarter, against Rs110.78 crore for the same period corresponding year.
Total revenues has increased to Rs593.03 crore for the quarter under review, from Rs456.74 crore in the same period last fiscal.
Further, the board has appointed Dorian Daley as an Additional Director of the company.
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First Published: Tue, Jan 27 2009. 02 27 PM IST