Oracle Financial Q1 NP surges by 65%

Oracle Financial Services Software has announced its unaudited results for the quarter ended June 30, 2009.

The software services major has posted a net profit of Rs 152.22 crore for the quarter ended June 30, 2009 against net profit of Rs 92.18 crore for the quarter ended June 30, 2008, a surge of 65.13%.Total revenue for the quarter has gone up by 17.90% to Rs 545.62 crore from Rs 462.80 crore in the year ago period.

On a consolidated basis, the Group has posted a net income of Rs 185.79 crore for the quarter ended June 30, 2009 as compared to Rs 105.56 crore for the quarter ended June 30, 2008, rise by 76%. Total Income has decreased from Rs 681.02 crore for the quarter ended June 30, 2008 to Rs 670.19 crore for the quarter ended June 30, 2009, dip by 1.59%.