Oracle Financial Services Softwa Q2 Results Live : Oracle Financial Services Software announced its Q2 results on October 24, 2024, revealing a robust financial performance with a year-over-year profit increase of 38.39%. The company’s topline revenue rose by 15.88% compared to the same quarter last year, showcasing strong demand for its offerings.
However, when compared to the previous quarter, the company experienced a decline in both revenue and profit, with a decrease of 3.88% in revenue and a 6.32% drop in profit. This suggests that while Oracle is performing well on a yearly basis, there are challenges to overcome in the short term.
The company’s selling, general, and administrative expenses saw an uptick, rising 4.06% quarter-over-quarter and 6.77% year-over-year. This increase in expenses may have contributed to the decline in operating income, which fell by 11.67% compared to the previous quarter, although it still showed a significant 35.93% growth year-over-year.
Earnings per share (EPS) for the second quarter stood at ₹66.18, reflecting a substantial 37.85% increase year-over-year, indicating effective cost management and profitability despite the quarterly decline.
In terms of market performance, Oracle Financial Services Software has seen a mixed bag of returns. The stock has delivered a negative return of -7.13% over the last week, yet has managed to achieve a remarkable 49.55% return over the past six months and an impressive 153.57% year-to-date.
The company currently boasts a market capitalization of ₹92,719.32 crore, with a 52-week high of ₹12,619 and a low of ₹3,868.8, illustrating significant volatility and growth potential in the stock.
Oracle Financial Services Softwa Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1673.9 | 1741.4 | -3.88% | 1444.48 | +15.88% |
| Selling/ General/ Admin Expenses Total | 886.9 | 852.3 | +4.06% | 830.68 | +6.77% |
| Depreciation/ Amortization | 17.8 | 17.5 | +1.71% | 19.01 | -6.37% |
| Total Operating Expense | 941.1 | 911.8 | +3.21% | 905.38 | +3.95% |
| Operating Income | 732.8 | 829.6 | -11.67% | 539.11 | +35.93% |
| Net Income Before Taxes | 829 | 872.9 | -5.03% | 596.2 | +39.05% |
| Net Income | 577.7 | 616.7 | -6.32% | 417.45 | +38.39% |
| Diluted Normalized EPS | 66.18 | 70.69 | -6.38% | 48.01 | +37.85% |
