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Buy on dips and make a great profit in Oracle Financ. year end target Rs 2660!!
Posted by :
seriousproAbsolutely right - today`s market dip has no relation to OFSS performance. People covering margin issues. Also Mr Market is offering OFSS at discount today for no reason. Take it as a treat....
Buy on dips and make a great profit in Oracle Financ. year end target Rs 2660!!
Posted by :
GuestBe aware, do not be mislead, don`t sell in the current overall short downfall of the markets. IT will rebounce 20-30% before the year end, OFSS to lead at the far end 30% plus!! ...
NSE Announcements on Oracle Financ
Posted by : MMB MessengerOracle Financial Services Software Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on October 30, 2009, the Directors inter alia, allotted 17,500 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company increased to Rs.418,944,430 divided into 83,788,886 equity shares of Rs.5/- each....
no dividend
Posted by :
kayapatiwhy this company is not giving dividend for the last 3 years...
Results out - What to expect next
Posted by : Guest
The results are out and expectedly the numbers look good. I also noticed that the number of shares outstanding has gone up due to ESOPs. So a) Employees are still subscribing to esops and b) the percentage holdings for Orcl will go down.
What should be the strategy going forward on this stock? ORCL is obviously trying to play a waiting game here....
This is an amazing company.Just follow blindly.It will not let you down.OFSS is in safe hands as long as the Indians run it.
...
BSE Announcements on Oracle Financ
Posted by : MMB Messenger
Oracle Financial Services Software Ltd has announced the following Consolidated results for the quarter ended September 30, 2009:
The Consolidated results for the Quarter ended September 30, 2009
The Group has posted a net profit after tax of Rs 2045.604 million for the quarter ended September 30, 2009 as compared to Rs 934.241 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 6996.550 million for the quarter ended September 30, 2008 to Rs 6790.118 million for the quarter ended September 30, 2009. ...
BSE Announcements on Oracle Financ
Posted by : MMB MessengerOracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2009, inter alia, has allotted 17,500 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company increased to Rs. 418,944,430 divided into 63,768,886 equity shares of Rs. 5/- each. ...
BSE Announcements on Oracle Financ
Posted by : MMB MessengerOracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 30, 2009 titled "Oracle Financial Services Software Reports Q2 Net Income of Rs 205 Crores, Up 119% Year over Year". ...
BSE Announcements on Oracle Financ
Posted by : MMB Messenger
Oracle Financial Services Software Ltd has announced the following Audited Standalone results for the quarter ended September 30, 2009:
The Company has posted a net profit of Rs 1718.10 million for the quarter ended September 30, 2009 as compared to Rs 1112.50 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 5370.60 million for the quarter ended September 30, 2008 to Rs 5365.90 million for the quarter ended September 30, 2009. ...
Net Profit 205 CR, 119% up
Posted by : seriouspro
Mumbai, India, October 30, 2009: Oracle Financial Services Software Limited (Reuters:
ORCL.BO & ORCL.NS), a majority owned subsidiary of Oracle, today announced Indian
GAAP results for the second quarter of fiscal year 2010 with consolidated net income of Rs
205 Crores, up by 119% compared to the same quarter last year, and operating income of
Rs 186 Crores, an increase of 76% compared to the same quarter last year. Consolidated
Indian GAAP revenues for the second quarter were Rs 679 Crores, down 3% year over year.
The EPS for the quarter was Rs. 24.42, up 119% compared to the same quarter last year.
Consolidated revenues for the half year were Rs 1389 Crores, up 4% compared to the
corresponding period last fiscal year. The consolidated net income for the half year was Rs 390 Crores, up 96% over corresponding period last year.
Our overall operating margins for the
quarter is at 27%, compared to 15% for the same period last fiscal year. Additionally, the
DSO was down to 65 days from 83 days, driven by strong collections.”
Business Highlights
=================
• During the quarter, the company added 12 customers while 20 customer projects
went “live” with successful deployment of our products.
• Leading Analyst Firm Gartner positions Oracle Financial Services Software in the
Leaders Quadrant in its 2009 Operational Risk Management Software Report. Oracle
Reveleus Operational Risk was recognized based on completeness of vision and
ability to execute.
• Waters’ readers voted Oracle Mantas as the #1 AML solution for the third
consecutive year.
...
Net Profit 205 CR, 119% up
Posted by : seriouspro
Product Highlights
• A leading global bank licensed Oracle FLEXCUBE Messaging Hub to create a Trade
Services Utility to enhance services to their customers as part of the Financial Supply
Chain Management in Asia.
• A leading Tier 1 bank in Asia and a start-up bank in Southern Europe both licensed
Oracle Industry Reference Model for Banking on Oracle Fusion SOA Suite to adopt,
enable and standardize the business processes across the enterprise. The processled
transformation/implementation is expected to yield higher productivity and
streamline operations for better customer services and improved operating efficiency.
• The company announced a new release of Oracle® FLEXCUBE Universal Banking
(Version 10.5) featuring enhancements including an extensibility framework,
simulation tools, enterprise origination capabilities and enterprise integration
accelerators, that make it easier for banks to centralize origination functions in order
to eliminate redundancy, cut lead times and increase overall efficiency.
• The company also announced a new release of Oracle Mantas Fraud to manage
financial crime and fraud. The new release provides new features to help accelerate
fraud detection and enable institutions to detect increasingly sophisticated fraud
schemes and financial crime rings. The new release also enables real-time payments
and online fraud detection capabilities through integration with Oracle Adaptive
Access Manager and Oracle Complex Events Processing
• Oracle was awarded multiple SWIFTReady application labels for the year including:
o SWIFTReady Payments 2009 label for Oracle FLEXCUBE Universal Banking
o SWIFTReady SEPA 2009 label for Oracle FLEXCUBE Messaging Hub
3
o SWIFTReady Funds 2009 label for Oracle FLEXCUBE Messaging Hub
Certified applications are awarded a SWIFTReady application label when they
demonstrate compliance with SWIFT standards, messaging services and
connectivity.
Consulting Highlights
• A mid-size U.S. bank recruited Oracle Financial Services Consulting to assess key
risks and design a Stress Testing Framework at the bank.
• A leading European bank selected PrimeSourcing Application Services for migration
and technology streamlining of their private wealth management platform.
• A leading multi-national bank signed for Consulting Services in Japan.
• PrimeSourcing Technology Services wins the deal to provide infrastructure support to
production environments based in Singapore....
Net Profit 205 CR, 119% up
Posted by : seriouspro
NP 205 cr for the Qtr.
NP for 6 months 96% UP.
EPS for 6 months - 46.60
At EPS estimate of 100 per year, now iflex trades at PE multiple of 21. At PE of 25 to 30 the stock should trade in 2500 to 3000 range.
NP almost double for the first 6 months of the year.
Revenue almost flat and that although looks a negative thing, I don`t see it that way. They are twice as profitable this year than last year with the same amount of revenues. When revenues pick up, NP will pick up even faster. EPS...
Result ....
Posted by : sabyaWon`t Larry want stock prices to come down to have a better bargain for buy back? So will results be good?...
Board Meeting At What Time??
Posted by :
taurasfriendCan anyone provide info, on what time is the Board Meeting At?...
