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Oracle Financial Q2 net up 8 pc at Rs 93 cr

Posted by Yogesh on Friday, 24 October, 2008

MUMBAI: Oracle Financial Services Software on Friday said its consolidated net profit for the second quarter ended September 30 increased by 7.81 per cent to Rs 93.43 crore, from the corresponding period a year ago.

The total consolidated income rose to Rs 707.37 crore in the quarter under review, from Rs 575.80 crore in the same period last fiscal, Oracle Financial said in a filing to the Bombay Stock Exchange.

On a standalone basis, Oracle Financial witnessed a jump of 45.29 per cent in net profit at Rs 111.25 crore in the September quarter, from Rs 76.57 crore in the same period previous year.

The company’s standalone income increased to Rs 544.78 crore in the second quarter of financial year 08, from Rs 435.17 crore in the same period last year.

Oracle Financial was quoting at Rs 470, down 3.60 per cent in morning trade on the BSE. Source The Economic Times

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