Oracle Financial Q4 Review - Weak Deal Signings Leads To Miss: Dolat Capital
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Dolat Capital Report
Oracle Financial Services Software Ltd. reported weak results with a revenue de-growth of 4.2% year-on-year at Rs 12.1 billion (our estimate Rs 13.3 billion).
Operating profit margin for Q4 stood at 46.7% up 413 basis points YoY (down 54 basis points on QoQ basis), tad lower than expectation of 47.8% on adverse rev mix.
Profit after tax came in-line at Rs 4.6 billion (our estimate Rs 4.6) on better other Income.
The company signed new licenses worth $14.7 million well below our estimate of $26 million (flat on trailing twelve months basis at $76.7 million) as it signed 13 new deals with just four of them being for core solutions and rest all for analytics/digital offerings.
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