Oracle Financial Services Software announced a decline in consolidated net profit for the quarter ended March 2016. During the quarter, the profit of the company declined 2.61% to Rs 2,243.60 million from Rs 2,303.70 million in the same quarter previous year.
Revenues for the quarter rose 6.66% to Rs 10,129.90 million, compared with Rs 9,498 million for the prior year period.
Operating margin for the quarter stood at 35.89 percent as compared to 38.99 percent for the previous year period. Operating Income for the quarter was Rs 3,635.50 million, compared with Rs 3703 million in the previous year period.
Earnings per share for the quarter stood at Rs 26.34, registering 2.95% decline over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Mar - 16 | Mar - 15 | %Change |
| Revenues | 10,129.90 | 9,497.60 | 6.66 |
| Net Profit | 2,243.60 | 2,303.70 | (2.61) |
| Diluted EPS | 26.34 | 27.14 | (2.95) |
Shares of the company declined Rs 12.3, or 0.35%, to trade at Rs 3,489.05. The total volume of shares traded was 1,533 at the BSE (12.34 p.m., Thursday).
