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Oracle Financial Services Software Ltd.

BSE: 532466 Sector: IT
NSE: OFSS ISIN Code: INE881D01027
BSE 00:00 | 24 Apr 2020 Oracle Financial Services Software Ltd
NSE 05:30 | 01 Jan 1970 Oracle Financial Services Software Ltd

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OPEN 2050.00
PREVIOUS CLOSE 2030.10
VOLUME 808
52-Week high 3580.00
52-Week low 1532.50
P/E 12.72
Mkt Cap.(Rs cr) 17,509
Buy Price 2035.00
Buy Qty 1.00
Sell Price 2100.00
Sell Qty 1.00
OPEN 2050.00
CLOSE 2030.10
VOLUME 808
52-Week high 3580.00
52-Week low 1532.50
P/E 12.72
Mkt Cap.(Rs cr) 17,509
Buy Price 2035.00
Buy Qty 1.00
Sell Price 2100.00
Sell Qty 1.00

Oracle Financial Services Software Ltd. (OFSS) - Chairman Speech


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Company chairman speech

Letter to Shareholders

On behalf of the Board of Directors I am pleased to report that forthe financial year ended March 31 2019 your Company posted consolidated revenue ofर 49.6 billion which is 10% higher than the revenue of financial year ended March31 2018. Consolidated net profit for the current financial year grew 12% over theprevious financial year to reach र 13.9 billion. Your Company continued todeliver strong operating results with the consolidated income from operations growing 19%over the last financial year to stand at र 20.9 billion. Our operating margin stoodat 42% for the financial year ended March 31 2019 as compared to 39% for the financialyear ended March 31 2018. The Company maintained a good deal momentum winning newcustomers and helping them in their transformational journey. We also strengthened tieswith our existing customers expanding the scope of our partnerships and gaining newbusiness. Drawing on the strength of our ongoing relationship Bank of Valletta p.l.cMalta's largest bank has chosen to implement Oracle Banking Digital Experience and OracleBanking APIs (application program interfaces). CBZ Holdings Ltd. Zimbabwe continued topartner with us signing up for some of our new solutions including Oracle Banking DigitalExperience Oracle Banking Payments Oracle Banking APIs Oracle Banking Credit FacilitiesProcess Management Oracle Banking Corporate Lending Process Management Oracle FLEXCUBEUniversal Banking and Oracle Banking Corporate Lending. Heartland Bank a specialistfinancial services provider in New Zealand signed additional licenses for Oracle BankingDigital Experience Oracle FLEXCUBE Universal Banking as well as Oracle Financial ServicesLending and Leasing. The largest bank and the leading supplier of integrated financialservices in Peru Banco De Credito Del Peru has chosen to utilize Oracle FinancialServices Analytical Applications. One of the leading Thai commercial banks TMB BankPublic Company Limited has extended its relationship with Oracle by signing a deal forOracle Financial Services Analytical Applications.

Your Company's products and services continued to win accoladesand industry recognition. We were named ‘Leader' in IDC's WorldwideEnd-to-End Corporate Banking Solution Providers 2019 Vendor Assessment report. YourCompany was also named ‘Category Leader' for Data Integrity and Control(DI&C) on Chartis' FinTech Quadrant for DI&C solutions in Financial Services.Innovation is the key driver of our success. To enable customers take advantage ofindustry shifts we launched a new solution Oracle Banking APIs which helps the banksseamlessly deliver partner solutions along with the banking services. We also announcedthe release of four new corporate banking engagement solutions. Oracle Banking CreditFacilities Process Management Oracle Banking Corporate Lending Process Management andOracle Banking Trade Finance Process Management are designed to help banks digitize theentire product lifecycle for corporates. Oracle Banking Virtual Accounts Management allowsbanks to offer a completely new set of services to their corporate clients. Wesignificantly enhanced Oracle Financial Services Analytical Applications suite to meet theemerging compliance requirements and launched new offerings in the area of Enterprise Riskand Financial Crime & Compliance Management. We also expanded the product capabilitiesto deliver the emerging requirements for the insurance industry.

There is a strong demand among today's technologically savvycustomers for new and improved banking services and experiences. Banks can take advantageof evolutions in technology and drive a truly revolutionary change. With an open bankingplatform banks have the opportunity to provide highly personalized and truly engagingproducts and services. Leveraging APIs banks can rapidly assemble enable and digitizetheir services. Your Company provides enhanced value to its customers through a strongecosystem of FinTech partners who complement our offerings. The opportunities are excitingand your Company is well prepared to take advantage of these trends. Armed with industryleading platforms and solutions built on modern open and intelligent technologies welook forward to yet another rewarding year.

On behalf of the Board of Directors and Management of Oracle FinancialServices Software I would like to thank you for your support and look forward to yourcontinued goodwill as we tread firmly on the path of excellence.

Regards

S Venkatachalam

Chairperson

Oracle Financial Services Software Limited


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