NSEPress Release1h ago · 22 Jul 2026, 06:35 pm

Press Release

Oracle Financial Services Software Limited · OFSS

✦ AI Summary▲ PositiveResults

Oracle Financial Services Software Limited has announced its Q1 Fiscal Year 2027 results, with revenue at Rs. 3,125 Crore, up 69% YoY, and net income at Rs. 1,416 Crore, up 121% YoY. The company has also announced executive management changes, with Avadhut Ketkar appointed as the Managing Director & Chief Executive Officer, and Manish Bhandari as the Chief Financial Officer.

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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment9/10

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Full Announcement

Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 22, 2026, titled "Press release on the financial results for the quarter ended June 30, 2026".

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Oracle Financial Services Software Limited Oracle Park phone +91 22 6718 3000 Off Western Express Highway fax +91 22 6718 3001 Goregaon (East) oracle.com/financialservices Mumbai, Maharashtra 400063 India July 22, 2026 To, To, Asst. Vice President Asst. General Manager Listing & Compliance Listing & Compliance National Stock Exchange of India Limited BSE Ltd. Exchange Plaza, Bandra-Kurla Complex 1st Floor, Phiroze Jeejeebhoy Towers, Bandra (East) Mumbai 400 051 Dalal Street, Mumbai 400 001 Scrip Code – OFSS Scrip Code – 532466 Sub: Press release on the financial results The Board of Directors of the Company at its meeting held today, approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. In this regard, we enclose herewith a press release on the financial results. The same will be uploaded on the Company’s website. Thanking you, Yours sincerely, For Oracle Financial Services Software Limited Onkarnath Banerjee Company Secretary & Compliance Officer Membership No. ACS8547 Encl: as above Registered Office: Oracle Park, Off Western Express Highway, Goregaon (East), Mumbai, Maharashtra 400063, India CIN: L72200MH1989PLC053666 Oracle Financial Services Software Limited Oracle Park phone +91 22 6718 3000 Off Western Express Highway fax +91 22 6718 3001 Goregaon (East) oracle.com/financialservices Mumbai, Maharashtra 400063 India CIN: L72200MH1989PLC053666 FOR IMMEDIATE RELEASE Oracle Financial Services Software Reports Q1 Fiscal Year 2027 Results Revenue for the Quarter at Rs. 3,125 Crore, up 69% YoY Net Income of Rs. 1,416 Crore, up 121% YoY Mumbai, India – July 22, 2026 – Oracle Financial Services Software Limited (Reuters: ORCL.BO and ORCL.NS), a majority-owned subsidiary of Oracle, today announced results for the quarter ended June 30, 2026. For the quarter ended June 30, 2026, on a consolidated basis as compared to the same period in Fiscal Year 2025: • Revenue was Rs. 3,125 Crore, up 69% • Operating income was Rs. 1,861 Crore, up 123% • Net income was Rs. 1,416 Crore, up 121% • Products business posted revenue of Rs. 2,936 Crore, up 75% • Services business posted revenue of Rs. 189 Crore, up 6% • Remaining Performance obligation was Rs. 7,345 Crore, up 16% The Company further announced the executive management changes: • Mr. Makarand Padalkar has resigned from the position of Managing Director & Chief Executive Officer of the Company, effective end of day July 23, 2026 and will continue with the Company for a few months assisting a smooth transition. • Mr. Avadhut (Vinay) Ketkar, currently the Chief Financial Officer, has been appointed as an Additional Director designated as the Managing Director & Chief Executive Officer effective July 24, 2026. • Mr. Manish Bhandari, currently the Chief Accounting Officer, has been appointed as the Chief Financial Officer effective July 24, 2026. Makarand Padalkar, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said, “This quarter has been a historic one for us. While the landmark agreement we signed with a leading global bank was a significant milestone, our broader portfolio of wins around the world underscores the continued strength and momentum of our business. This continued success is a result of modernization of our products as part of our AI-first strategy, and our focus on delivering solutions that help financial institutions around the world address their most critical business priorities. Registered Office: Oracle Park, Off Western Express Highway, Goregaon (East), Mumbai, Maharashtra 400063, India As I step back from my executive responsibilities, I am filled with immense confidence in the Company’s future. The Company’s foundational ethos is robust, and its growth pipeline is highly secure. I extend my warmest wishes to Vinay as he takes the helm. I am certain that the Company will continue to scale even greater heights in its next chapter of value creation." Avadhut Ketkar, Chief Financial Officer, Oracle Financial Services Software, said “I am deeply honored by the trust that the Board has reposed in me to lead OFSS into its next phase of growth and innovation. Having been a part of the organization’s incredible growth journey since its inception, I have witnessed firsthand the resilience of our business model and the sheer dedication of our teams. For the quarter ended June 30, 2026, we posted strong operating performance and significant growth. All our operating parameters continue to be healthy. We remain focused on providing our customers unprecedented flexibility in deployment options to meet the unique needs of their business, together with modern cloud and AI-enabled solutions to help them drive a considerable competitive advantage in their respective markets.” Business Highlights • One of the largest vacation ownership companies in the United States has entered into an agreement for Oracle Financial Services Lending and Leasing Cloud Service. The deployment will support the company's digital transformation initiatives. • A reputed Mexican company has signed an agreement with Oracle to implement Oracle Financial Services Analytical Applications to enhance its analytical capabilities. • A leading U.S.-based company substantially increased its licensed account volume, establishing itself as one of the largest users of Oracle Financial Services Lending and Leasing. This growth reinforces the company’s trust in Oracle’s solutions to support scalability while modernizing its lending operations. • A renowned Japanese bank has reaffirmed its confidence in Oracle by signing an agreement to adopt Oracle Accounting Foundation and Oracle Financial Services Analytical Applications Cloud Service, positioning itself among the first customers in the region to implement these solutions. • A well-established bank head-quartered in the U.S. with an extensive global presence signed a strategic agreement for Oracle FLEXCUBE Banking in its continued investment in perpetual licenses, related solutions, and transfer of personnel. • J&T Banka, a.s. is the seventh largest bank in the Czech Republic by loan book and capital. The bank specializes in private banking, wealth management, investment banking, and financing solutions for affluent individuals, entrepreneurs, and corporate clients. They have successfully gone live with the full suite of Oracle's Financial Crime and Compliance Management Cloud Services, including transaction monitoring, customer screening, transaction filtering, and the investigation hub. • A prominent American bank has expanded its technology partnership with Oracle by signing an agreement for Oracle Financial Services Analytical Applications, further supporting its data-driven decision-making and business transformation initiatives. • An established South African bank has strengthened its long-standing relationship with Oracle through renewal of its subscription to Oracle Financial Services Accounting Foundation Cloud Service. • A top-tier U.S.-based life insurance company has continued investing in Oracle Financial Services Analytical Applications to strengthen its financial analytics. • A trusted bank in India has reaffirmed its confidence in Oracle by expanding its investment in Oracle Banking and Oracle Financial Services solutions. The agreement encompasses core banking, payments, digital banking, and analytical applications. • A reputed UAE-based digital bank has selected Oracle Financial Services Analytical Applications to strengthen its data-driven decision-making capabilities and enhance overall business performance. • A well-established bank in the UAE has subscribed to Oracle Financial Crime and Compliance Cloud Services to strengthen its financial crime prevention and regulatory compliance capabilities. • A large private sector bank in India has extended its relationship with Oracle by signing a deal for Oracle Financial Services Analytical Applications. • ABB Bank is one of Azerbaijan's larges [Showing first 8,000 characters — download PDF for full document]