Oracle Financial Services Software Limited (formerly known as i-flex), reported a net income of Rs 93.4 crore for the second quarter, up 6.8 per cent as compared to Rs 87.4 crore in the corresponding quarter in the previous year.
Revenue for this quarter grew 23 per cent to touch Rs 707.4 crore as compared to Rs 575.8 crore for the corresponding quarter last financial year. Sequentially, the net income of the company dropped 11.5 per cent from Rs 105.6 crore but revenues were up 11.8 per cent from Rs 631.8 crore.
The firm signed new license fees of $27.4 million in the quarter and added 16 new customers across product and services businesses at multiple geographies.
