Oracle Financial Services – Rerating On The Cards: Dolat Capital

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Oracle Financial Services Software Ltd. reported in-line revenue growth of 4.5% YoY at Rs 13.9 billion (our estimate – Rs 14 billion).

However, operating profit margin gains extended further by 105 basis points YoY to 50.7% (best ever), driving earnings beat profit after tax stood at Rs 5.2 billion (our estimate Rs 5 billion).

Oracle Financial Services Software signed record new licenses worth $37.6 million (up 27% YoY – second largest signings in a quarter ever) well ahead of our estimate of $33 million (up 10% on trailing twelve months basis at $84.8 million) as it signed 16 new deals across markets and product offerings.

Added six deals in developed markets and also witnessed 11 customers go-lives in the quarter.

Click on the attachment to read the full report:

Dolat Capital OFSS Q1FY22 Result Update.pdf


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