Oracle FSS Q3 net profit up 7% at 302.97 crore
The revenue of Oracle increased by 11% to Rs 815.92 crore compared to Rs 737.63 crore it posted in the third quarter which ended on December 31, 2010
By PTI | Updated:
IT company Oracle Financial Software Services today reported 7 per cent increase in consolidated net profit at Rs 302.97 crore for the third quarter ended on December 31.
The company has posted net profit of Rs 282.42 crore for the same period last fiscal.
The revenue of company increased by 11 per cent to Rs 815.92 crore compared to Rs 737.63 crore it posted in the third quarter which ended on December 31, 2010.
"Our product revenues grew 30 per cent over the corresponding quarter year-over-year driven by our strong execution and new strategic customer wins," Managing Director and Chief Executive Officer of Oracle Financial Services Software Chet Kamat said in a statement.
The company has posted net profit of Rs 282.42 crore for the same period last fiscal.
The revenue of company increased by 11 per cent to Rs 815.92 crore compared to Rs 737.63 crore it posted in the third quarter which ended on December 31, 2010.
"Our product revenues grew 30 per cent over the corresponding quarter year-over-year driven by our strong execution and new strategic customer wins," Managing Director and Chief Executive Officer of Oracle Financial Services Software Chet Kamat said in a statement.
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