BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Oracle Financial Services Software Ltd. reported in-line revenue growth of 4.5% YoY at Rs 13.9 billion (our estimate - Rs 14 billion).
However, operating profit margin gains extended further by 105 basis points YoY to 50.7% (best ever), driving earnings beat profit after tax stood at Rs 5.2 billion (our estimate Rs 5 billion).
Oracle Financial Services Software signed record new licenses worth $37.6 million (up 27% YoY - second largest signings in a quarter ever) well ahead of our estimate of $33 million (up 10% on trailing twelve months basis at $84.8 million) as it signed 16 new deals across markets and product offerings.
Added six deals in developed markets and also witnessed 11 customers go-lives in the quarter.
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