Oracle Financial Services Software Ltd posts Rs. 269.22 crore consolidated PAT in Q4 FY2020

ORACLE FINANCIAL SERVICES SOFTWARE LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.1300.67 crores during the period ended March 31, 2020 as compared to Rs.1222.20 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.269.22 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.456.75 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.31.24 for the period ended March 31, 2020 as compared to Rs.53 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 1300.67 crs	₹ 1222.20 crs	6.42%
Net Profit	₹ 269.22 crs	₹ 456.75 crs	-41.06%
EPS	₹ 31.24	₹ 53	-41.06%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.1300.67 crores during the period ended March 31, 2020 as compared to Rs.1276.23 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.269.22 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.326 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.31.24 for the period ended March 31, 2020 as compared to Rs.37.86 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 1300.67 crs	₹ 1276.23 crs	1.92%
Net Profit	₹ 269.22 crs	₹ 326 crs	-17.42%
EPS	₹ 31.24	₹ 37.86	-17.49%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.5038.61 crores during the 12 months period ended March 31, 2020 as compared to Rs.5134.99 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.1462.21 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.1385.89 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.169.66 for the 12 months period ended March 31, 2020 as compared to Rs.161.11 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 5038.61 crs	₹ 5134.99 crs	-1.88%
Net Profit	₹ 1462.21 crs	₹ 1385.89 crs	5.51%
EPS	₹ 169.66	₹161.11	5.31%

Chet Kamat, Managing Director and Chief Executive Officer, Oracle Financial Services Software said, "We are pleased to report a solid quarter, which included more than a month of impact of COVID-19. We signed $23 million of new licenses in the quarter, 12% higher year-over-year. For the full year, the net income rose 6% with net margins at 30%.

I am very proud that our robust infrastructure, processes, and most importantly our people, have ensured that we continue to deliver the commitments with minimal disruptions caused by the global COVID-19 pandemic. We have been proactive to respond to these challenges and were early to switch to work from home globally without impacting customer deliverables.

The COVID-19 pandemic is resulting in a series of government interventions around the globe to help alleviate the economic distress, and we have seamlessly helped our customers to meet these challenges. Our processes enable us to deliver our support, services and software, anytime anywhere.

While we experienced, and may continue to experience, some delays in new deal signings, especially from regions with 'in-person' cultures for Board Meetings and financial institutions conserving budgets in the face of cost pressures, our value proposition remains very relevant, and even more so when the economic recovery begins."

Makarand Padalkar, Executive Director and Chief Financial Officer, Oracle Financial Services Software said, "In the midst of the COVID-19 pandemic, we are conducting business with some modification to employee travel and employee work locations, including but not limited to, work from home. Our robust IT infrastructure and business continuity processes has allowed us to respond to the situation quickly as it continues to evolve. The solid results for the quarter and year are a testimony to this.

For the full year, our margins improved across the board with Product business operating margins improving from 49% to 50%, Services business from 13% to 18%, BPO business from 29% to 33%, and overall the Company's operating margins from 42% to 43%. Our balance sheet is strong with a healthy cash and liquidity position, and we continue to generate strong cash flows each quarter."

Shares of ORACLE FINANCIAL SERVICES SOFTWARE LTD. was last trading in BSE at Rs.2542.45 as compared to the previous close of Rs. 2528.5. The total number of shares traded during the day was 1889 in over 510 trades.

The stock hit an intraday high of Rs. 2822 and intraday low of 2515.85. The net turnover during the day was Rs. 4804428.

Source : Equity Bulls

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