Date: October 23, 2026

Quarterly Financial Performance (Q2 FY2027)

Revenue Performance:

  • Total revenue: ₹1,907 crore, up 7% YoY from ₹1,788.8 crore
  • Products business revenue: ₹1,716 crore, up 6% YoY
  • Services business revenue: ₹191 crore, up 15% YoY
  • Remaining Performance Obligation: ₹7,211 crore, up 14% YoY

Profitability Metrics:

  • Operating income: ₹911 crore, up 25% YoY from ₹730.9 crore
  • Operating margin: 48% (vs 41% in Q2 FY2026)
  • Net income: ₹702 crore, up 29% YoY from ₹546.1 crore
  • Net margin: 37% (vs 31% in Q2 FY2026), representing a 6 percentage point improvement

Revenue Breakdown by Type:

  • License & Cloud Fees: ₹259.9 crore (14% of revenue), up 41% YoY
  • Maintenance Fees: ₹647.4 crore (34% of revenue), up 12% YoY
  • Consulting fees: ₹808.5 crore (42% of revenue), down 6% YoY

Geographic Revenue Distribution:

  • India: ₹163.3 crore (9% of total), up 16% YoY
  • Americas: ₹654.1 crore (34% of total), down 13% YoY
  • Europe: ₹322.8 crore (17% of total), up 22% YoY
  • Asia Pacific: ₹380.7 crore (20% of total), up 18% YoY
  • Middle East and Africa: ₹385.7 crore (20% of total), up 26% YoY

Segment Performance:

  • Products segment margin: 52% (vs 48% in Q2 FY2026)
  • Services segment margin: 36% (vs 24% in Q2 FY2026)
  • Unallocable expenses: ₹55.1 crore, down 35% YoY

Other Financial Metrics:

  • Interest and other income, net: ₹65.5 crore, down 1% YoY
  • Income before taxes: ₹976.2 crore, up 22% YoY
  • Provision for taxes: ₹273.8 crore, up 9% YoY
  • Earnings per share (Basic): ₹80.66, up 28% YoY
  • Earnings per share (Diluted): ₹80.32, up 28% YoY

Half-Year Financial Performance (H1 FY2027)

Revenue Performance:

  • Total revenue: ₹5,032 crore, up 38% YoY from ₹3,641 crore
  • Products business revenue: ₹4,652 crore, up 41% YoY
  • Services business revenue: ₹380 crore, up 11% YoY

Profitability Metrics:

  • Operating income: ₹2,772 crore, up 77% YoY from ₹1,564 crore
  • Operating margin: 55% (vs 43% in H1 FY2026)
  • Net income: ₹2,118 crore, up 78% YoY from ₹1,188 crore
  • Net margin: 42% (vs 33% in H1 FY2026)

Revenue Breakdown by Type (H1):

  • License & Cloud Fees: ₹1,626 crore (32% of revenue), up 262% YoY
  • Maintenance Fees: ₹1,278.5 crore (25% of revenue), up 13% YoY
  • Consulting fees: ₹1,747.1 crore (35% of revenue), up 2% YoY

Geographic Revenue Distribution (H1):

  • India: ₹359.2 crore (7% of total), up 9% YoY
  • Americas: ₹2,357.8 crore (47% of total), up 61% YoY
  • Europe: ₹637.7 crore (13% of total), up 25% YoY
  • Asia Pacific: ₹879.8 crore (17% of total), up 27% YoY
  • Middle East and Africa: ₹797.3 crore (16% of total), up 23% YoY

Other Financial Metrics (H1):

  • Interest and other income, net: ₹143.1 crore, up 3% YoY
  • Income before taxes: ₹2,914.9 crore, up 71% YoY
  • Provision for taxes: ₹797 crore, up 55% YoY
  • Earnings per share (Basic): ₹243.24, up 78% YoY
  • Earnings per share (Diluted): ₹242.19, up 78% YoY

Management Commentary

Avadhut Ketkar, Managing Director and CEO:

  • Described the quarter as "another strong quarter, reinforcing the growth momentum witnessed at the beginning of the financial year"
  • Attributed performance to "deep domain expertise, comprehensive portfolio of solutions, and advancements in AI-powered capabilities"
  • Stated the performance "provides a solid foundation as we enter the second half of the financial year"

Manish Bhandari, Chief Financial Officer:

  • Noted that "operating and net margins remained healthy during the quarter"
  • Highlighted "net margin of 37% for the quarter, an increase of 6 percentage points year-on-year"
  • Attributed results to "strong execution" and "focus on financial discipline and operational excellence"

Business Highlights

The company announced multiple new deals and expansions with financial institutions worldwide:

  • U.S.-based bank expanded investment with Oracle Extensibility Workbench
  • French bank signed deal for Oracle Banking Digital Experience, Supply Chain Finance, Trade Finance, Payments, and Corporate Lending
  • Mexican bank signed deal for Oracle Financial Services Financial Crime and Compliance Management
  • U.K.-based bank invested in various Oracle Banking solutions covering core banking, digital banking, payments, trade finance, treasury management, liquidity management, cash management, and virtual account management
  • U.S.-based financial services organization signed agreement for Oracle Funds Transfer Pricing and Oracle Profitability Management
  • Italian bank continued investment in Oracle's core banking application
  • U.S.-based insurance services organization continued investment in Oracle Financial Services Analytical Applications
  • Indian nationalized bank signed agreement for Oracle Financial Services Analytical Applications for risk management, financial crime, and compliance management
  • Pan-European bank signed agreement with Oracle's core banking application
  • Philippines-headquartered bank increased investment in Oracle Banking applications for core banking, payments, originations, collections, and branch banking
  • Bahrain-based bank signed agreement for Oracle Banking applications including core banking, originations, corporate lending, payments, treasury management, and collections
  • Myanmar bank signed agreement for Oracle's digital banking platform
  • Vietnamese bank continued investment in Oracle Financial Services Analytical Applications
  • Middle East-based financial institution chose to acquire trade finance, corporate lending, and credit applications
  • Netherlands-headquartered asset finance company selected Oracle Financial Services Analytical Applications
  • Vietnamese bank selected Oracle Financial Services Analytical Applications

About the Company

Oracle Financial Services Software Limited is a majority-owned subsidiary of Oracle Corporation and a world leader in providing products and services to the financial services industry. The company trades on Reuters as ORCL.BO and ORCL.NS.