Oracle Financial rises on providing solutions to ABA Cambodia

Oracle Financial Services Software is currently trading at Rs 687.90, up by 15 points or 2.23% from its previous close of Rs 672.90 on the BSE.

The scrip opened at Rs 660 and has touched a high of Rs 694.75 with a low of Rs 647. So far 53,428 shares were traded on the BSE.

The BSE group ‘A’ IT sector stock of face value Rs 5 has touched a 52 week high of Rs 1569 on July 7, 2008 and a 52 week low of Rs 405 on October 27, 2008.

The BSE IT sector index is currently trading at 2,014.10, down by 1.20% from its previous closing.

The price of the scrip has witnessed a correction of 1.94% since last week while a positive change of 40.52% since last month.

Oracle Financial Services Software has announced that Advanced Bank of Asia (ABA), Cambodia has gone live on Oracle FLEXCUBE Universal Banking.

Oracle FLEXCUBE is providing the bank with a next-generation transaction-processing platform, enabling faster responses to customer needs and improving operational and cost efficiencies.

ABA has implemented Oracle FLEXCUBE across its corporate and retail banking operations the project was completed in six months, and is the first Oracle FLEXCUBE implementation in Cambodia.