Oracle Q2 Results 2023

Read this story to learn about    Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Revenue for Q2 was up by 5%   YoY · Net Income for Q2 also up by   5% YoY · New CFO joined the company

Performance Highlights

· Revenue stood at ₹1,445 Cr · Net Income for Q2 stood at  ₹417 Cr · Operating Income was ₹531 Cr · The products side of the   business had a revenue of   ₹1,298 Cr

Operational Highlights

· Net Margin of 28.9% and an Operating Margin of 36.8% · Accounts Receivable are sound with DSO (Days of Sales Outstanding) amounting to 61 days

Business Updates

· Oracle Financial Services Software signed licence fees of $40.5 million in Q2, comprising customers from 26 nations · Across the portfolio of the company, key subsequent deals are in the offing for the future

Source: Oracle Financial Services Press Release – Q2 FY’24 Report