Oracle Financial Services Software Limited 2023-24年度报告

Dear Shareholders, It is my honor and privilege to be the Chairperson of your Company having taken over the illustrious track recordleft by my predecessor. On behalf of the Board of Directors of Oracle Financial Services Software Limited, I am pleased to report thatyour Company delivered outstanding results for the financial year ended March 31, 2024 posting a 23% increasein the consolidated net profits to ₹ 22.2 billion. On the strength of the performance, the Board was pleased todeclare an interim dividend of ₹ 240 per share for the financial year. Consolidated revenue for the fiscal year was₹ 63.7 billion, posting a 12% increase over the previous financial year. It was also notable that we posted doubledigit growth across all the lines of business. We are proud that we have maintained a track record of deliveringconsistent high profitability metrics which are amongst the best in our industry. Our business model has at its core a deep ethos of care for the customers who place trust in us for their missioncritical needs. This is backed by high quality products and services delivered on the latest technology by a teamof passionate domain and technology experts. Being part of Oracle gives us access to the best technology andunparalleled global reach. Fiscal year 2024 was fraught with several uncertainties including continued and expanding geopolitical conflicts,economic slowdowns, highly visible failures of some banks in the western world, and tectonic technology shiftswith increasing usage of Generative Artificial Intelligence (GenAI) and machine learning (ML). With an increasinglytech savvy customer base which is spoilt for choice, banks are under intense pressure to deliver “digital delight” atscale with complete compliance to regulations and at the lowest possible cost. Banks are increasingly looking atsolutions delivered on a new architecture which is adaptable to rapid change and is available on the cloud. In such an environment, your Company continued to grow and signed several pathbreaking deals in the year.Leading global banks launched programs to revamp their global payment technologies across over 50 countrieson our IT solutions. Your Company won a landmark deal with The Navy Federal Credit Union, USA to modernizetheir retail systems on our Oracle Banking Cloud offering. Number of other customers across Asia, Europe andAmericas began or expanded their journey with our solutions. The fiscal year 2024 saw license wins of $137M– highest ever for the Company, registering a 44% growth over last fiscal. These wins are a testimony to theexcellence of our products through continuing R&D, our track record of delivering high quality implementations,and providing reliable support. Your Company continues to be at the forefront of technological innovations. We deliver next-generation cloudnative solutions that offer enriched customer experiences with built-in innovation and the flexibility of deploymentand adoption. Developed on a domain driven componentized architecture and an API-first ecosystem-awaredesign, our products deliver the benefits of transformative technological breakthroughs in GenAI, memory grids,IoT, graph analytics, natural language interactions etc. In a digital first world, our offerings can easily coexist andcollaborate with the customers’ existing technology and other Fintechs – making your Company a trusted partnerto deliver better financial services to empower customers to build vibrant economies, resilient institutions, healthiersocieties, and a safer world. Our continued investments in technology and domain expertise, backed by a track record of wide adoption of ourofferings by the financial institutions around the world, sets us up for a long-term success. Also, the recent wins inthe cloud and new business domains are a great foundation for the newer opportunities in multiple jurisdictionsfor your Company. Before I conclude, I am pleased to welcome our new Managing Director & CEO, Mr. Makarand Padalkar, andour new CFO, Mr. Avadhut Ketkar. I am also pleased to welcome new directors, Mr. Mrugank Paranjape andMr. Gopala Ramanan and thank retiring fellow directors Mr. S Venkatachalam, Mr. Richard Jackson andMr. Chaitanya Kamat for their contributions. On behalf of the Board of Directors and Management of the Company, I would like to thank our shareholders,customers, partners and employees. Marching together with all the stakeholders, we look forward to an excitingfuture achieving newer and more challenging milestones. Regards, Contents Ten year history4Corporate information5Directors’ report6Corporate governance report21Management’s discussion and analysis37Consolidated financials55Unconsolidated financials123Notice of annual general meeting183 Ten year history Corporate informationOracle Financial Services Software Limited Board of directors Sridhar Srinivasan, ChairpersonMakarand Padalkar, Managing Director and Chief Executive OfficerGopala Ramanan BalasubramaniamHarinde