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Monday, May 18, 2009

Oracle Financial FY'09 net up 77 percent at Rs 736.54 Crore

 IT News     No comments   

Revenue rose to Rs 2,927.62 crore for the period under review, from Rs 2,380.24 crore

 

Oracle Financial Services Software net profit for the year ended March 31, 2009, rose by 77.22 percent to Rs 736.54 crore over the last year. The company had a net profit of Rs 415.59 crore in the year ended March 2008, Oracle Financial Services Software said in a filing to the Bombay Stock Exchange.

 

Revenue of the company rose to Rs 2,927.62 crore for the period under review, from Rs 2,380.24 crore in the same period corresponding year. The board of the company has approved acquisition of balance 10 percent equity capital of Oracle Financial Services Software SA, thereby making it a wholly owned subsidiary of the company.

 

Source: Financial Chronicle

 

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