IT firm Oracle Financial Services Software Ltd profit up marginally at Rs 322 crore

NEW DELHI: IT firm Oracle Financial Services Software Ltd today reported 1.49 per cent increase in consolidated net profit at Rs 322.61 crore for the quarter ended September 30.

Its net profit in the year-ago period was Rs 317.85 crore, OFSS said in a regulatory filing.

The total income of the company came down to Rs 1,069.60 crore, over Rs 1,093.91 crore in the corresponding quarter of the previous fiscal, OFSS said.

"We are pleased to report that we have doubled license volume and the number of customer deals in the quarter as compared to the quarter last year," Managing Director and CEO Chet Kamat said in a statement.

"We are seeing an increased demand for our banking solutions across the globe, as banks are innovating their service offerings across the existing customer segments and to the millennial customers," he added.

OFSS stock was trading at Rs 3,925.15, up 0.75 per cent, on the BSE in the afternoon.