Oracle Stock Reverses Early Gain, Closes at ₹10,391

Oracle Financial Services Software Limited (OFSS) shares surged 5% to a day high of ₹11,394.75 after reporting Q1 FY27 results, but later fell to ₹10,391.

Consolidated net profit jumped 121% year-on-year to ₹1,416 crore, with revenue up 69% to ₹3,125 crore.

Core products segment revenue surged 75% to ₹2,936 crore, boosted by a ₹935.3 crore software license deal with a global bank.

MD and CEO Makarand Padalkar stepped down; CFO Avadhut Ketkar was appointed as new MD and CEO, and Manish Bhandari as CFO.

Total remaining performance obligation (RPO) rose 16% to ₹7,345 crore, indicating strong deal pipeline across US, Mexico, Japan, and India.