Not greedy EU banks, US legislation forced them to buy 51% of the total savings they had in the US markets into mortgage products,the only way to apply was buy securitizated packages of mortgages, "developed / designed" buy bull shit so called wize guys on Wall Street, where the risk management and analisys on these products was done by again US rating agencies, which were controlled by the SEC and FED, meaning Wall Street families and the US Governement my friend.... ...

Enam research report puts 2011 EPS at Rs 137, TP is Rs 3160. Strong Buy indeed....

3000 will be reached much before the march date u mention. will not be surprised to see than target getting reached in the next 6-8 weeks.Apart from fundamental factors, lot of technical factors in favour of this stock - very few stocks in the market today with this combination of strong fundamentals and technicals. regards Conficus ...

I fully agree with your view on OFSS, however where did Europe come in regarding the Credit Crisis cause? Subprime and the system banks were entirely US based ...

Why this sudden price fluctuation.?.Agree that the upsides are enormous and buy is the signal at this price.Benefits either way....

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. ...

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....

Crisis was rooted in the US with asset bubble bursting but GREEDy banks/FIs that created this crisis were mainly from US/Europe. These are the culprits.

US Investment Banks
======================
Goldman Sachs
Morgan Stanley
Merrill Lynch
Lehman Brothers

US Retail Banks
======================
Citigroup
Wachovia Bank
Washington Mutual
Bank of America
Wells Fargo - not so much though

European Banks
======================
UBS
Credit Suisse
Deutsche Bank
Royal Bank of Scotland
HBOS
ING
Fortis (FORB-BT)
Northern Rock

Mortgage Lenders
======================
Fannie Mae
Freddie Mac

======================...

Whats happening in the Indian stock market this time is VERY different from the last run up in many ways. This is a TIME-TESTED healthy market bull run that has weathered the financial crisis tsunami created by US/Europe. Lot of smart people had been burned in that and now they are pumping real long term money into India. India buying 200 metric tons of Gold is showing genuine strength of our economy. This rally in Indian market is going to establish new support line for many stocks and our indices that would be hard to break. For I-Flex I see 2080 as a very strong bottom line protection. Upside to 3000 is very likely by March qtr results. Really a great company to own in this market. BFSI segment is going to explode in 1-2 years with so many regulations being imposed all over the world and age old legacy systems without close-loop monitoring have proven to be FAILURE. There is pressure from the board to get sophisticated software systems in place to survive, compete intelligently and succeed. STRONG BUY!!!...

At PE ratio of 25 for high growth company, the least fair price is 2500. But wait. Consider the volume and supply and bottom price protection. Fair PE is 30. March/April 2010 price target is 3000.
March/April 2011 price target is 4000.

At today`s price of under 2000, you have 50 to 100% price appreciation in 1 to 2 yrs....

Absolutely 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....

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.
...

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....

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...