Oracle Financial consolidated net rises 77% in Financial Year 2009

Oracle Financial consolidated net rises 77% in Financial Year 2009Oracle Financial Services & Software has announced that its consolidated net profit for the fiscal ended March 31, 2009 has witnessed a phenomenal growth of 77%.

The company has recorded a net profit of Rs 7,365 million for the year ended Mar. 31, 2009 as compared to Rs 4,155 million in the previous year.

Company's total revenue during financial year 2009, went up by 22.99% to Rs 29,276 million from Rs 23,802 million for the year ended Mar. 31,2008.

For the year ended March 2009, the company's standalone net profit surged 69.32% to Rs 6,957 million from Rs 4,108 million in the previous year.

During the year, total revenue of the company went up to Rs 22,126.20 million from Rs 17,929.70 million for the year ended Mar. 31, 2008.

For the same year, the company has reported earnings of Rs 83 a share.

Stock of Oracle Financial Services Software marked its closure on Friday (15 May, 2009) at Rs 980, after making decent 3.06% growth on National Stock Exchange (NSE). The total volume of shares traded on NSE was 279,362.