@nav_1996 Thank you,
It is not that they don’t sell, they have stopped participating in IBSi Sales League. They continue to be number two behind Temenos.
Ok, that explains the IBSi numbers. The IBSi Sales League table relies on vendors to report deal wins. It seems they have new customers
Oracle Banking suite is old iFlex and it is under OFSS. Read AR for better clarity.
Ok, have heard different versions. It would be good to get clarity. Assuming this is true for now. The good part is Flexcube is still in the top quartile on all the analyst quadrants (Gartner, Forrester, etc.)
They continue to be a play on global financials on not dependent only on US unlike other companies. US accounts for only 25% revenue. Very high margin product play unlike other service plays.
But zero growth. Revenues in INR have grown at the rate of 4.63 % (CAGR) over the last 9 years, EPS by 6.46% (CAGR) in the past 9 years. If you look at constant currency terms they are taking in less every year. Looks like more customers are leaving/downsizing than new customers are being acquired.
Personally feel here is maybe less downside at this price / valuation. So, just tracking what happens next.
Agree. Looks fairly valued to me if you are looking for a 6.5% yield with a potential for delisting. But I won’t be in OFSS for growth based on the management track record. If they haven’t done any in the last 10 years despite a leadership position in the market why would it be different now?
Looks to be on the way to delisting – the way stock price getting hammered weak hands go out accumulation happening by smart operators!
I am surprised PFFAS who I admire is still holding on.
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