The deal is among the largest client-specific perpetual licensing agreements secured by the company in recent years and is expected to provide strong revenue visibility in the future.
In an exchange filing on Thursday, the company said that the agreement involves long-term licensing of software products, strengthening OFSS’s relationship with the global bank and reinforcing its presence in the international banking technology space.
The agreement is subject to the fulfilment of certain conditions by May 29, 2026, and involves transition services and personnel support.
According to the company, transition services are expected to be provided over a period of six to nine months post completion, with the new arrangement replacing existing software licensing, services and support contracts with the client.
During the December quarter, the company’s topline growth returned to double digits for the first time in at least a year. Its revenue rose 15% year-on-year to ₹1,966 crore from the corresponding quarter last year and 10% sequentially.
Net profit for Q3FY26 stood at ₹606.9 crore, compared to ₹541.3 crore last year. Its profit before tax was at ₹857.4 crore compared to ₹770 crore in the previous year.
Despite the sharp uptick in the stock following the signing of the new agreement, shares of the company remain under pressure on a broader timeframe. The stock is down about 10% so far this year and has fallen nearly 47% from its all-time high of ₹13,220.
Shares of Oracle Financial Services surged over 7% on Friday morning, hitting the intraday high of ₹7,062. However, the stock has pared some of its gains and is trading around ₹6,917 as of 12.10 pm, still 4.82% above the previous session’s closing price.
