Oracle Financial Services Software : Communication to shareholders as per Reg 30

Oracle Financial Services Software Limited	Oracle Park	phone	[phone]
	Off Western Express Highway	fax	[phone]
	Goregaon (East)	oracle.com/financialservices
	Mumbai, Maharashtra 400063
	India

July 21, 2022
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: Correction of inadvertent typographical error in press release dated July 20, 2022

With reference to the above captioned subject, kindly note that there was an inadvertent typographical error in the page no. 1 of the press release filed yesterday, where it was mentioned that "We maintained a strong winning momentum to sign licenses of $2 .2 million". Instead, it should be read as "We maintained a strong winning momentum to sign licenses of $26.2 million".

We are enclosing herewith the corrected press release for your reference and records.

Thanking you,

Yours sincerely,

For Oracle Financial Services Software Limited

ONKAR NATH BANERJEE

Digitally signed by

ONKAR NATH BANERJEE Date: 2022.07.21 10:44:51 +05'30'

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	[phone]
	Off Western Express Highway	fax	[phone]
	Goregaon (East)	oracle.com/financialservices
	Mumbai, Maharashtra 400063

India

CIN: L72200MH1989PLC053666

FOR IMMEDIATE RELEASE

Oracle Financial Services Software Reports Q1 Fiscal Year 2023

Revenue for the Quarter at Rs. 1,403 Crore, up 10% QoQ

Net Income of Rs 492 Crore, Up 2% QoQ

MUMBAI, India - July 20, 2022: Oracle Financial Services Software Limited (Reuters: ORCL.BO and ORCL.NS), a majority-owned subsidiary of Oracle Corporation, today announced results for the quarter ended June 30, 2022.

For the three months ended June 30, 2022, the Products business posted revenue of Rs. 1,266 Crore, up 10% quarter-over-quarter, and operating income of Rs. 645 Crore, up 19% quarter-over-quarter. For the same period, the Services business posted revenue of Rs.137 Crore, up 11% quarter-over-quarter, and the Operating income of Rs. 32 Crore, up 36% quarter-over-quarter.

Revenue for the quarter was Rs. 1,403 Crore, up 10% quarter-over-quarter and marginally up year-over-year. Operating income for the quarter was Rs. 635 Crore, up 20% quarter-over- quarter and down 10% year-over-year. Net income for the quarter was Rs. 492 Crore, up 2% quarter-over-quarter and down 6% year-over-year.

Chet Kamat, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said, "We maintained a strong winning momentum to sign licenses of $26.2 million. Our product capability offers customers multiple deployment choices thereby helping them to have a competitive edge. Our margins continued to be robust, with operating margin of 45% and net margins at 35%."

Makarand Padalkar, Executive Director and Chief Financial Officer, Oracle Financial Services Software, said, "We have maintained consistency across major operating metrics, the margins continue to be strong and with robust collections, our debtors over 180 days are less than 1%."

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Registered Office: Oracle Park, Off Western Express Highway, Goregaon (East), Mumbai, Maharashtra 400063, India

Business Highlights

• The company signed license deals of $26.2 million during the quarter with customers in 29 countries.
• 15 customers went live on Oracle Financial Services software products during the quarter.
• A top Australian bank has extended its relationship with Oracle by signing a deal for Oracle Banking Platform.
• A wireless network provider in the US has chosen to implement Oracle Financial Services Lending and Leasing.
• A leading UK-basedmulti-national financial institution has extended their relationship with Oracle by signing a deal for Oracle Banking Digital Experience, Oracle Banking APIs, Oracle Banking Branch and Oracle FLEXCUBE Universal Banking.
• During the quarter, the company won several cloud deals for its Oracle Analytical Application and Oracle FLEXCUBE Lending and Leasing Cloud products from customers in Europe and the United States.
• A Luxembourg-headquartered payments bank has signed a deal for Oracle FLEXCUBE Universal Banking.
• An established US bank expanded its relationship with Oracle by signing a deal for Oracle Financial Services Analytical Applications.
• A renowned financial services provider from Panama has decided to implement Oracle Banking Branch and Oracle FLEXCUBE Universal Banking.
• A prominent asset management company in the US has extended its relationship with Oracle with a deal for Oracle Financial Services Analytical Applications.
• A leading Singaporean bank has signed a deal for Oracle Financial Services Analytical Applications.
• A prestigious bank in India extended its relationship with Oracle by signing for a major upgrade of their Oracle licensed products.
• An award-winning Thai bank established in 1966, Krung Thai Bank Public Co., Ltd., offers retail, corporate, and SME banking services. In its endeavor to provide its customers growth and stability, the bank has selected Oracle Financial Services Analytical Applications.

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• An established Greek bank has embarked on a technology transformation with a deal that encompasses Oracle Banking Digital Experience, Oracle Banking APIs, Oracle Banking Liquidity Management, Oracle Banking Cash Management, and Oracle Banking Virtual Account Management.
• An established Taiwan-based bank has signed a deal for Oracle Banking Digital Experience, Oracle Banking APIs, and Oracle FLEXCUBE Universal Banking.
• A progressive bank with a long history in Colombia has extended its relationship with Oracle by selecting Oracle FLEXCUBE Universal Banking, Oracle Banking Payments, Oracle Banking Liquidity Management, and Oracle Banking Branch.
• An established Omani bank has selected Oracle FLEXCUBE Universal Banking, Oracle Banking Digital Experience, originations, branch, payments, collections, liquidity, trade finance, treasury, and limits and collateral management solutions.
• A Zimbabwe-based financial services company has selected Oracle Financial Services Analytical Applications.
• A large Lithuania-based financial services provider has furthered its technology relationship with Oracle by signing a deal for Oracle Banking Payments.
• A payments bank in India has extended its relationship with Oracle and selected Oracle FLEXCUBE Universal Banking and Oracle Banking Payments.
• A large Hungarian bank has extended its relationship with Oracle by selecting Oracle FLEXCUBE Universal Banking.
• A trusted Egyptian bank has renewed its relationship with Oracle by signing a deal to implement Oracle Financial Services Analytical Applications.

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ORACLE FINANCIAL SERVICES SOFTWARE GROUP

Q1 FY 2022-23 : FINANCIAL RESULTS

CONSOLIDATED STATEMENTS OF OPERATIONS

(In INR Million, except per share data)

Particulars		Three Months Ended		%
	June 30,	% of	June 30,	% of	Increase
	2022	Revenues	2021	Revenues	(Decrease)
REVENUES
Products	12,657	90%	12,596	90%	0%
Services	1,368	10%	1,378	10%	(1%)
Total Revenues	14,025	100%	13,974	100%	0%
SEGMENT RESULTS
Products	6,445	51%	7,272	58%	(11%)
Services	317	23%	390	28%	(19%)
Total	6,762	48%	7,662	55%	(12%)
Unallocable expenses	(415)	(3%)	(578)	(4%)	(28%)
OPERATING INCOME	6,347	45%	7,084	51%	(10%)
Interest and other income, net	442	3%	301	2%	47%
INCOME BEFORE PROVISION OF TAXES	6,789	48%	7,385	53%	(8%)
Provision for taxes	1,871	13%	2,143	15%	(13%)
NET INCOME	4,918	35%	5,242	38%	(6%)
Earnings per share of Rs 5/- each (in Rs)
Basic	56.97		60.89		(6%)
Diluted	56.76		60.61		(6%)

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