Business Standard

Oracle Financial Services Software slips after weak Q4 earnings

Image

Capital Market

Oracle Financial Services Software was down 0.37% to Rs 3,488.45 at 9:24 IST on BSE after consolidated net profit fell 3% to Rs 224.40 crore on 7% increase in total revenues to Rs 1013 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 11 May 2016.

Meanwhile, the BSE Sensex was up 117.17 points, or 0.46%, to 25,714.19 .

On BSE, so far 290 shares were traded in the counter, compared with an average volume of 4,708 shares in the past one quarter. The stock hit a high of Rs 3,500 and a low of Rs 3,445.40 so far during the day. The stock hit a 52-week high of Rs 4,446.60 on 19 September 2015. The stock hit a 52-week low of Rs 3,106 on 25 February 2016. The stock had underperformed the market over the past one month till 11 May 2016, falling 1.68% compared with 2.30% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 5.81% as against Sensex's 11.52% rise.

 

The large-cap company has an equity capital of Rs 42.44 crore. Face value per share is Rs 5.

On a consolidated basis, net profit fell 2% to Rs 1165.80 crore on 5% increase in total revenues to Rs 4092.80 crore in the year ended March 2016 over the year ended March 2015.

Oracle Financial Services Software is a world leader in providing products and services to the financial services industry and is a majority owned subsidiary of Oracle Corporation.

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 12 2016 | 9:21 AM IST

Explore News