Oracle Fin.Serv. reports flat performance in Q2 FY25, but sees growth in PAT and Non-Operating Income
Oracle Financial Services Software, a largecap IT software company, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Oracle Fin.Serv. has shown a flat performance in the quarter, with a score of 4 out of 10, compared to 7 in the previous quarter. However, there are some positive aspects to the company’s financials.
One of the highlights is the growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 30.05% year on year, reaching Rs 1,194.40 crore. This indicates a positive trend in the near term for the company.
On the other hand, the company’s Non Operating Income for the quarter has reached its highest in the last five quarters, at Rs 104.60 crore. While this may seem like a positive aspect, experts suggest that this increase in income from non-business activities may not be sustainable.
Overall, Oracle Financial Services Software has shown a mixed performance in the quarter ending September 2024. Investors are advised to hold their positions and keep an eye on the company’s future financial reports for a better understanding of its performance.
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