BUZZ-India's Oracle Financial gains after posting rise in June quarter profit

Reuters
07-24
BUZZ-India's Oracle Financial gains after posting rise in June quarter profit

** Shares of Oracle Financial Services Software ORCL.NS rise as much as 2.37% to 8,987 rupees apiece

** IT company posts a 4.1% year-on-year rise in consolidated profit in the June quarter

** Revenue from operations up 6.4% to 18.52 billion rupees

** Trading volume is 332,492 shares as of 12:07 p.m. IST, about 2.3 times the 30-day average, data compiled by LSEG shows

** ORCL shares are down 31.4% in 2025 so far, underperforming the 3% rise in the Nifty midcap 100 index .NIFMDCP100

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

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