Oracle Financial Services Q1FY24 Results: Consolidated PAT of Rs. 500.98 Cr

Oracle Financial Services Q1FY24 Results: Consolidated PAT of Rs. 500.98 Cr

Oracle Financial Services Q1 results show revenue up from 1531.791 crores to 1563 crores, a 2.04% increase in growth. EPS rise from ₹55.24 to ₹57.67, up by 4.40%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Oracle Financial Services shared its Q1 results on Wednesday. They earned 1563 crores in revenue this quarter, but that’s more than the 1531.791 crores they made last quarter. The company’s growth increased by 2.04 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 500.982 crores, up from 479.302 crores in the previous quarter. Their quarter-to-quarter growth increased by 4.52 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹57.67, which is an increase of 4.40% from the ₹55.24 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 1563 crores this year (2023), which is 8.05 percent higher than last year’s total revenue of 1446.61 crores.

This year’s PAT (Profit After Tax) is 500.982 crores, which is also 1.88% higher than last year’s PAT of 491.75 crores.

The EPS (Earnings Per Share) for this year is ₹57.67, which is 1.60% more than the EPS of ₹56.76 earned last year.

Also Read: TeamLease Q1FY24 Results: Consolidated PAT of Rs. 26.40 Cr

Oracle Financial Services Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Oracle Financial Services:

Oracle Financial Services Software Limited, a subsidiary of Oracle Corporation, is actively engaged in financial and insurance technology solutions. With a global presence, the company proudly serves over 900 customers across more than 145 countries.

Download the Full PDF of Oracle Financial Services Q1 Results: Click Here

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