Join Hands to Build a Smarter India: Sign in | Join now
News

Oracle Financial Q1 net income up 76 percent

By SiliconIndia  |   Thursday, 30 July 2009, 04:18 Hrs
Print Email
Bangalore: Oracle Financial Services Software, a subsidiary of database software major Oracle announced that its net income for the first quarter of fiscal year 2010 was 186 crores up by 76 percent compared to the same period last year. The company posted revenue of 710 crores, up by 12 percent year-on-year.

The operating income of Oracle Financial was 223 crores, an increase of 304 percent compared to the same quarter last year. "We are pleased to open fiscal year 2010 on a positive note, with product business revenues of 442 crores, an increase of 22 percent compared to the same quarter last year," said NRK Raman, Managing Director and CEO, Oracle Financial.

The company's operating margins for products business increased to 41 percent, from 19 percent during the same period last year. The services business operating margins of the firm increased to 25 percent from 11 percent last year.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Ather Mohammad A
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Write your comment now
Submit Reset
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved