Most significant gains among Finextra50 Financial Technology Index stocks last week were seen outside the US, as Indian, UK and Australian stocks helped the index rise slightly to close Friday at 53.66, up 1.5 per cent. Credit scoring and analytics vendor Fair Isaac led the fallers on shrinking revenue and uncertain outlook for the coming year.
Oracle Financial Services Software (Oracle FSS, formerly i-Flex) led the gainers last week after a positive Q3 earnings announcement. It finished Friday up 35.41% to Rs608.35 after reporting consolidated Indian GAAP revenues were up 29% compared to the same quarter a year ago.
The company says it signed US$ 20.5 million worth of new licenses in the quarter.
Also in India, Polaris Software Labs, continued its rebound, gaining an additional 13.22% last week to Rs49.25, after the previous week reiterating strong guidance for FY10.
Other companies to see significant rises include:
Fair Isaac led the fallers last week, dropping 13.96% to $12.70 after it said in its earnings report for the quarter ended December, that it would not be giving guidance due to uncertain economic conditions. Revenues fell 14% year-on-year to $163.5 million against analyst consensus estimate of $171.5 million. However, earnings of $0.37 per share, were $0.05 better than the First Call consensus of $0.32.
Other companies to see significant falls include
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