Oracle Financial Services Software Ltd - Company Profile
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Oracle Financial Services Software Ltd (OFSS), a subsidiary of Oracle Corp, provides IT services to the financial services industry. The company provides banking software, including cloud-based solutions, banking payment solutions, revenue management, cloud infrastructure and financial services analytical applications. It also offers services, including business process outsourcing, prime sourcing, consulting services, application support, Business Processing Outsourcing services and technology services. Its major products are FLEXCUBE, FLEXCUBE universal banking, banking branch, banking API, banking virtual account management, and banking credit facilities process management solutions. The company provides services to capital markets, banking, wealth management, corporate banking, payments, retail banking, and risk and compliance domains. It operates in the Americas, Europe, Asia-Pacific, the Middle East, and Africa. OFSS is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
Oracle Park, Off. Western Express Highway, Goregaon (East), Mumbai, Maharashtra, 400063
Telephone
91 22 67183000
No of Employees
9,075
Industry
Technology and Communications
Ticker Symbol & Exchange
OFSS (NSE)
Revenue (2022)
$726.2M
9.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-4.4%
(2022 vs 2021)
Market Cap*
$8.0B
Net Profit Margin (2022)
XYZ
-12.4%
(2022 vs 2021)
* As of and is in US$
Oracle Financial Services Software Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Solutions: | PrimeSourcing | Flexcube |
| AML and Financial Crime Compliance | Consulting Services | |
| Banking Solution | Financial Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In April, the company launched Oracle Financial Services Compliance Agent to help banks manage and minimize the potential risks related to anti-money laundering. |
| 2023 | Others | In October, Oracle Energy and Water announced a new integrated solution with InvoiceCloud to enhance the utility payment experience for joint customers. |
| 2023 | Contracts/Agreements | In June, the company collaborated with Nuclei, to provide SaaS and merchant services on Oracle’s digital banking platform. |
Competitor Comparison
| Key Parameters | Oracle Financial Services Software Ltd | Tata Consultancy Services Ltd | Infosys Ltd | Wipro Ltd | Zensar Technologies Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Bangalore | Bengaluru | Pune |
| State/Province | Maharashtra | Maharashtra | Karnataka | Karnataka | Maharashtra |
| No. of Employees | 9,075 | 603,305 | 322,663 | 240,234 | 10,002 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| S. Venkatachalam | Chairman | Executive Board | 2018 | - |
| Chaitanya Kamat | Managing Director; Chief Executive Officer; Director | Executive Board | 2010 | 61 |
| Makarand Padalkar | Director; Chief Financial Officer | Executive Board | 2019 | - |
| Avadhut Ketkar | Chief Accounting Officer | Senior Management | 2004 | - |
| Rajaram Vadapandeshwara | Vice President - Software Development | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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