Oracle Financial Services Software - Cloudifying Transformation Of Financial Services: Dolat Capital

Dolat Capital Report

Oracle Financial Services Software Ltd.'s annual report analysis suggests robust FY24 performance driven by revenue growth of 11.8% YoY to Rs 58 billion with industry leading growth and consistent profitability (operating profit margin up 50 basis points at 42.5%).

Management acknowledged FY24 to be a year of macro uncertainty due to geopolitical conflicts, economic slowdown, failure of few regional banks, among others.

Despite this backdrop, the company saw a series of successful deal wins marking a new record in New Licence Sales at $137 million, with no. of customers across Asia, Europe and America beginning or expanding their journey with their solutions.

A key for FY24 was modernization of retail systems for The Navy Federal Credit Union, USA, that marks Oracle Financial Services’ largest deal win on its Oracle Banking Cloud offering.

Going forward to FY25E Oracle Financial Services will-

1. continue with strategic investments in R&D,

2. focus on high quality implementation, and

3. build recent wins in Cloud/Next-gen offerings to cross-sell/upsell other solutions.

The company’s optimism is further backed by ease of adoption, where its offerings are able to co-exist and collaborate with customers’ existing technology and other Fintechs.

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