From Indiatimes

ET Now talks to Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd. (Fundamental Check) on IT
stocks.

At this point in time if you were to play IT stocks would you go in for the larger ones like Infosys, Wipro or TCS or the second rung stocks?

If you look at the entire IT space and I have been talking to couple of management in last week that there is clearly a demand for consultancy recruitment is back in IT companies and we are seeing lot of activity picking up happening across BFSI vertical and definitely entire IT space, be it large cap or small cap, you would see lot of activities going forward. All these companies would report overset of numbers but having said that I particularly like Oracle Financial Services in IT space.

It`s into products business and is in the BFSI space and there is lot of activity happening in the BFSI space. Order book closing is pretty fast in BFSI space so this is one company to watch out for the FY11. EPS is around Rs 125 and being among the top tier IT company where most of the IT companies are trading in multiple of 23 to 25 times, I think this company would also move in that league of 22 to 23 multiple. ...

You can get it from oracle web site. Search in google for
--- oracle financial services 2009
You can see links for Dec 31 qtr results....

Firstcall India Equity Advisors recommends `Buy` on Oracle Financial Services Software with a price target of Rs 2,615 as against the current market price (CMP) of Rs 2,286 (Nov. 18, 2009).

The broking house said, Oracle Financial (Q,N,C,F)* Services Software, a majority owned subsidiary of Oracle, reported a phenomenal rise in standalone net profit for the quarter ended September 2009.

During the quarter, the profit of the company rose 54.44% to Rs 1,718.10 million from Rs 1,112.50 million in the same quarter last year.

Net sales declined marginally 1.50% to Rs 5,366 million, while total income for the quarter fell marginally 1.50% to Rs 5,365.90 million, when compared with the prior year period. Company posted earnings of Rs 20.51 a share during the quarter, registering 54.44% growth over previous year period.

During the quarter, the operating margin of the company rose to 45.02% compared with 19.89% in the previous year period. Interest cost decreased 52.90% to Rs 235.50 million while depreciation cost fell 4.35% to Rs 101.10 million over previous year period.

Oracle Financial Services Software (formerly i-flex solutions) is a leading provider of applications and professional services for the financial services industry. Oracle Financial Services portfolio of offerings includes Oracle FLEXCUBE, a complete banking product suite for retail, consumer, corporate, investment, and asset management, and investor servicing.

During the quarter company added 12 customers while 20 customer projects went `live` with successful deployment of their products. A leading global bank licensed Oracle FLEXCUBE Messaging Hub to create a Trade Services Utility to enhance services to their customers.

During the quarter company launches a new release of Oracle Mantas Fraud to manage financial crime and fraud. A leading multi-national bank signed for Consulting Services in Japan.

During the quarter Q2FY10 company unveils new revenue management suite for banks. The topline of the company is expected to grow at a CAGR of 11% over FY08 to FY11E.

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Found this news from this moneycontrol site, OFSS quote page under latest news link.

Here is the link and article content
dot moneycontrol dor com/india/news/cnbctv18comments/oraclefinancialserviceskritikasaxena/oraclefinservicesplansbigindia/market/stocks/article/412800
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Oracle Fin Services plans big on India
Published on Wed, Aug 26, 2009 at 11:33 , Updated at Wed, Aug 26, 2009 at 16:12
Source : CNBC-TV18

Oracle Financial Services is betting big on its India plans and even has an acquisition underway. The Global CEO of the company addressed shareholders in a meeting today for the first time. CNBC-TV18’s Kritika Saxena reports on the exclusive.

Sources say this is the first time that the global chairman has addressed the shareholders. It is learnt that Oracle is expecting to see an increase in the revenue from its Indian business and is will go big on investments in India. Moreover, it is in talks with four large banks for its fund raising plans in the next one year, fund raising would start in next one-two quarters. More importantly, an acquisition has been planned and in the next 12-18 months, Oracle is looking at several geographies, several arenas for the acquisition but the exact valuation is slightly unclear.


Two large special economic zones (SEZs) are underway in Pune and Bangalore, which would be part of the expansion plans and a large investment would go into these two SEZs. Another point that the shareholders raised before the chairman was whether there were any plans to de-list Oracle, to which the company said there were on plans.

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