IT solutions provider Oracle Financial Services Software on Saturday reported a 13.68 per cent decline in consolidated net profit at Rs. 227 crore for the quarter ended December 31, 2009.

As per Indian accounting standards, total revenue declined to Rs. 727 crore for the third quarter ended December 31, from Rs. 801 crore in the same period last year, Oracle Financial Services said in a filing to the Bombay Stock Exchange.

On the standalone basis, the company posted a net profit of Rs. 191 crore for the October-December quarter, down 3.53 per cent over the year-ago period.

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