Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,
· Revenue for Q2 was up by 5% YoY · Net Income for Q2 also up by 5% YoY · New CFO joined the company
· Revenue stood at ₹1,445 Cr · Net Income for Q2 stood at ₹417 Cr · Operating Income was ₹531 Cr · The products side of the business had a revenue of ₹1,298 Cr
· Net Margin of 28.9% and an Operating Margin of 36.8% · Accounts Receivable are sound with DSO (Days of Sales Outstanding) amounting to 61 days
· Oracle Financial Services Software signed licence fees of $40.5 million in Q2, comprising customers from 26 nations · Across the portfolio of the company, key subsequent deals are in the offing for the future
Source: Oracle Financial Services Press Release – Q2 FY’24 Report