Oracle Financial June quarter net up 4% at Rs193 cr

Oracle Financial June quarter net up 4% at Rs193 cr

New Dehi: IT solutions provider Oracle Financial Services Software today said its consolidated net profit rose by 4.09% to Rs193 crore for the quarter ended 30 June 2010.

Total income declined to Rs650 crore during the April-June quarter, from Rs710 crore in the same period last year, Oracle Financial said in a filing to the BSE.

“We continue to focus on margins and efficiencies, while investing in our various product lines and infrastructure for future growth," Oracle Financial Services Software CFO Makarand Padalkar said.

On standalone basis, the company reported a net profit of Rs173 crore, up 14.25% over the same period last year.

During the quarter, the company added 11 customers and six new customer projects went live, the filing added.

Shares of Oracle Financial Services Software were trading at Rs2,155 on the BSE, down 1.21% from the previous close.

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