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Oracle Financial Services Software (OFSS - Formerly IFlex)

oracleOracle Financial Services Software formerly I-flex solutions, is number one in financial services customer relationship management.They focus exclusively on the financial services industry.They have serviced the technology needs of more than 825 financial institutions, in over 130 countries, including Banco de Chile, Citibank, the International Monetary Fund (IMF), Shinsei bank and UBS.

Positives
..Leader in the core banking software arena; strong parentage to lead to marqee accounts
..Available at 8x FY09 earnings;
..Potential for open offer from Oracle; last offer at Rs.2100 per share
Risks
..Presence only in BFSI sector;
..Inconsistent performance, evening services business
..Deeper recession in developed economies will impact earnings estimates

The stock trades at a P/E of less than 8x FY09 earnings.At CMP of Rs.430, long term investors can accumulate on declines.

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