Oracle Financial Services Software Q1 Review - Licence Win Modest, OPM Revives Back To 44.8%: Dolat Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Oracle Financial Services Software Ltd. reported results below our estimate with revenue de-growth of down 2% YoY at Rs 14 billion (our estimate: Rs 14.8 billion) owing to modest licence signings and deferment of revenue recognition from large software-as-a-service deal signed in Q4. Operating profit margin however revived 308 bps QoQ on strong traction at 10% QoQ. Profit after tax stood at Rs 4.9 billion (our estimate Rs 5.4 billion). During Q1 Oracle Financial Services Software has signed new licenses worth $26.2 million (our esitmate: $37 million) which translate 10% growth on trailing twelve months basis. The licence signing is not exciting given the fact that Q1 has been seasonally the best quarter in terms of bookings. Implementation revenues also witnessed modest traction with 1.7%QoQ growth, given sustained high offshoring and high attrition (26% - revived 200 bps QoQ). .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Oracle Financial Services Software Q1 Review - Licence Win Modest, OPM Revives Back To 44.8%: Dolat Capital

Oracle Financial Services Software Q1 Review - Licence Win Modest, OPM Revives Back To 44.8%: Dolat Capital

Choose a plan