Oracle Financial Services Software is the Indian subsidiary of the US giant Oracle Corpn. It is a leader in financial products and derives revenues from sale of licenses, implementation fees and AMCs. Increased digitalization by banks and financial services companies drives revenues at Oracle. The Covid related pandemic is improved the demand profile for the company as Banks and Finance companies rush to improve their digital experience and WFH modules for employees. We have an over weight rating due to earnings visibility on the back of record licensing deals and strong parent support . Slow down in new orders and competition are risk factors – 27-08-2021 Price: 4766.15 Rating: Over Weight Recommendation: Buy
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