Oracle Financial Services shares fall up to 3% as Q4 profit falls 24.4% QoQ
On a consolidated basis, for the three months ended March 31, 2024, the Products business posted a revenue of Rs. 1,491 crore, up 12% year-over-year, and operating income of Rs. 718 crore, up 13% year-over-year. For the same period, the Services business posted a revenue of Rs. 151 crore, up 13% year-over-year, and the operating income of Rs. 44 crore, up 47% year-over-year.
At around 10:52 am, shares of the company declined over 2 per cent or Rs 162.9 to Rs 7196.25 per share on the BSE, while at day’s low it hit levels of Rs 7126.1, down over 3 per cent.