Oracle Financial Services Software, leading IT financial services solutions vendor has announced that its consolidated net profit has witnessed a substantial jump of 76% during the first quarter ended June 30,2009.

 During the review quarter, the company has clocked a net profit of Rs 185 crore.

In a communiqué to Bombay Stock Exchange (BSE), the company said that its consolidated total income plunged to Rs 670 crore in the latest three month period from Rs 681 crore in the same period last fiscal.

On the standalone basis, the company has recorded a handsome growth of 65% in its net profit which stood to Rs 152 crore in the reporting quarter. Standalone total income surged to Rs 545 crore in the quarter under review, against Rs 462 crore in the same period last fiscal.