Oracle Financial Services shares in focus on strong Q1 results; PAT soars 121%, revenue up 69%

Oracle Financial Services Software reported a 121% net income rise to Rs 1,416 crore. Revenue from operations increased 69% year-on-year to Rs 3,125 crore. The company secured new agreements with major U.S. and Mexican financial institutions. Oracle's products business saw a 75% revenue increase during the quarter. Management attributed the success to its AI-first strategy and product modernization efforts.