Oracle Financial Services Q4 Results, Profit Increases by 16.86% YOY By CIOTechOutlook Team

Oracle Financial Services Q4 Results, Profit Increases by 16.86% YOY

CIOTechOutlook Team | Saturday, 27 April 2024, 02:19 IST

Oracle Financial Services, an IT services company, released their Q4 results, On April 24, 2024,. Year-over-Year (YoY) earnings increased by 16.86% and topline growth was 11.69%. On the other hand, there was a 24.39% drop in profit and a 9.94% loss in revenue from the previous quarter.

Selling, general, and administrative expenses decreased by 5.62% quarter over quarter (QoQ), but climbed by 8.65% year over year. Operating income decreased by 15.65% QoQ but climbed by 13.35% YoY. In Q4, earnings per share (EPS) were ₹64.24, up 16.42% year on year.

Oracle Financial Services Softwa's stock performance over the previous week was -7.54%, over the last six months it was 83.03%, and year-to-date (YTD) it was 69.56%. The market capitalization of the company is currently ₹61914.29 Cr, with a 52-week high and low of ₹9023 and ₹3417.25, respectively.

Furthermore, Oracle announced the declaration of an interim dividend of ₹240.0. The record date and ex-dividend date for this payment are both May 7, 2024.

Oracle Corporation is an American multinational computer technology firm located in Austin, Texas, USA. In 2020, Oracle was the world's third-largest software firm in terms of revenue and market capitalization.

In 2023, the company has 80 seats in Forbes Global 2000. The corporation sells database software (namely the Oracle Database) and cloud computing.