Last Updated on January 18, 2024 by ethinos
Table of Content
Key Highlights
Financial Performance
- Quarterly Revenue: Rs. 1,824 Crore, marking a robust 26% YoY growth.
- Net Income: Rs. 741 Crore, demonstrating an impressive 69% YoY increase.
- Signed Licence Fee: $49.5 Million achieved during the quarter.
Operational Highlights
- Operating Income for the quarter reached Rs. 840 Crore, showcasing a substantial 45% YoY growth.
- Products Business: Recorded a revenue of Rs. 1,680 Crore, up 29% YoY, with an operating income of Rs. 867 Crore, a significant 41% YoY increase.
- Services Business: Achieved a revenue of Rs. 144 Crore, a slight decline of 2% YoY, but with an improved operating income of Rs. 37 Crore, up by 28% YoY.
Additional Read: Q3 Results Dashboard
Business Highlights
1. Signed licence fees amounting to $49.5 million across 37 countries.
2. Nineteen customers successfully implemented Oracle Financial Services software products.
3. Navy Federal Credit Union, USA, with over 13 million members, leveraged Oracle services for secure real-time account servicing and increased efficiency.
4. A leading UK bank upgraded its Oracle technology portfolio by deploying Oracle Financial Services Corporate Lending applications.
5. A major US hospitality company renewed a substantial deal for Oracle Financial Services Lending and Leasing Cloud Service.
6. Commonwealth Bank of Australia, a comprehensive financial services provider, strengthened its technology partnership with Oracle through a subscription to Oracle Financial Services Transaction Monitoring solution.
7. CSB Bank Ltd, an Indian bank with a 103-year history, signed a deal with Oracle to implement Core Banking, Payments, Digital Banking, Trade Finance, Virtual Accounts, and Analytical Applications software.
Additional Check: Oracle Financial Services Share Price
8. A significant financial services player in Japan entered into an agreement to implement Oracle’s core banking, originations, lending, and leasing applications.
9. Established US-based bank extends relationship with Oracle, signing a deal for Oracle Financial Service Analytical Applications Cloud Service.
10. Banque de L’Agriculture et du Developpement Rural (BADR), Algeria, a national financial institution established in 1982, renews relationship with Oracle. Signed a deal covering Oracle Core Banking Payments, Oracle Financial Services Corporate Lending, Originations, Trade Finance, and Treasury Management Applications.
11. UAE-headquartered bank signs deal to implement Oracle Financial Services Digital Banking Applications.
12. Large Cambodian bank signs deal to implement Oracle’s core banking, payments, trade finance, and transaction banking software applications.
13. Reputed financial services company from Australia continues partnership with Oracle, signing a deal for Oracle Banking Platform, revenue management, and billing applications.
14. Well-established Colombian bank signs a deal for Oracle Financial Services Analytical Applications Cloud Service.
15. Evo Banco, Spain, operating on a smart banking model since 2012, signs a deal with Oracle for Oracle Financial Services Analytical Applications Cloud Service.
16. Large Canadian bank reaffirms trust in Oracle Banking Technology, deciding to implement Oracle Financial Services Analytical Applications.
17. SID Bank, Slovenian promotional development and export bank fully owned by the Republic of Slovenia, chooses to implement Oracle’s banking technology through a partnership. Encompasses core banking, payments, trade finance, treasury, and corporate lending applications.
18. Large bank in Zambia expands its relationship with Oracle, signing a deal for digital banking, core banking, originations, and branch applications.
19. Italian bank signs a deal with Oracle for Oracle Financial Services Analytical Applications Cloud Service.
20. Another major Canadian bank extends its relationship with Oracle, signing a deal for Oracle Financial Services Analytical Applications.
21. Popular financial services provider from Panama decides to implement Oracle FLEXCUBE Universal Banking.
22. Commercial bank from Tanzania expands its technology partnership with Oracle, signing a deal for Oracle FLEXCUBE Universal Banking.
23. Large UAE-based bank extends its existing technology partnership with Oracle, signing a deal for Oracle Financial Services Analytical Applications.
24. Malaysia-headquartered Islamic bank signs a deal with Oracle for Oracle Financial Services Analytical Applications.
About Oracle Financial Services
Oracle Financial Services is a subsidiary of Oracle Corporation that provides technology solutions for the banking and insurance industry. It offers products and services for customer acquisition, digital banking, payments, risk and finance, revenue management, financial crime and compliance, and more. Oracle Financial Services has more than 900 customers in over 145 countries and serves 24 of the 28 global systemically important financial institutions (SIFIs).
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