Shares of Oracle Financial Services Software Ltd surged 7% to hit a day’s high of Rs 7,062 on 27th March. This happened after the company announced it had signed a definitive agreement with an existing global banking client in the United States. The agreement is for a perpetual software licensing deal worth around $100 million.

The deal is one of the largest client-specific licensing agreements the company has secured in recent years. Moreover, this boosts future revenue visibility.

The agreement involves long-term software licensing, strengthening OFSS’s relationship with a global US-based bank and its presence in international markets.

The deal is subject to conditions to be completed by 29th May, 2026, and includes transition services and personnel support.

These transition services will run for 6–9 months, replacing the client’s existing software, services, and support contracts.

In Q3FY26, revenue rose 15% YoY to Rs 1,966 crore and 10% sequentially, marking a return to double-digit growth.

Net profit stood at Rs 606.9 crore (vs Rs 541.3 crore YoY), while profit before tax rose to Rs 857.4 crore from Rs 770 crore.

At 1:08 PM, shares of Oracle Financial were trading 4.35% higher at Rs 6,886 on the NSE.

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