January 18, 2006
| Business Standard
Nucleus Soft Q3 net up 35%Business Standard
Nucleus Software Q3 Net up 35%
Nucleus Software Exports posted 34.98 per cent rise in net profit at Rs 6.25 crore during the third quarter ended December 31, 2005, compared with Rs 4.63 crore in the year-ago period. Total income grew to Rs 23.65 crore, up 27.08 per cent from Rs 18.61 crore, the company informed the Bombay Stock Exchange.
The consolidated net profit was Rs 8.82 crore as against Rs 5.89 crore, reflecting an increase of 49.72 per cent. Consolidated revenue rose 38.11 per cent to Rs 37.40 crore as compared with Rs 27.08 crore for the third quarter last financial year.
During the quarter the company added eight clients and further strengthened its relationship with 116 clients worldwide.INTERVIEW - Nucleus profit outlook bullish
Shailendra Bhatnagar , Reuters, India
NEW DELHI (Reuters) - Midsize Indian software services firm Nucleus Software Exports Ltd. said on Tuesday it expected revenue and profit growth to be high due to a strong order book and rising client base.
"The outlook is very, very bullish because we have started getting very encouraging queries from Europe," Chief Executive Vishnu Dusad told Reuters in an interview.
"Substantially bigger players are talking to us about multi-country roll outs."
Dusad said the firm would be able to maintain its net profit margin, now in the 24-25 percent range, for the coming six-to-eight quarters.
"Some customers who were switching to other companies and products are back," he said. The company had orders amounting to 1.1 billion Indian rupees.
The New Delhi-based firm designs software products for the banking and financial services sector.
"We are adding 200 people within the next 3 months," Dusad added. Nucleus Software Exports Q3 net up 34.98 pc
Hindu Business Line
MUMBAI: Nucleus Software Exports Ltd, software products provider, on Tuesday posted a 34.98 per cent rise in net profit at Rs 6.25 crore during the quarter ended December 31, 2005 as compared to Rs 4.63 crore in the quarter ended December 31, 2004.
The total income grew to Rs 23.65 crore, up 27.08 per cent during the third quarter this fiscal from Rs 18.61 crore in the year-ago period, the company informed the Bombay Stock Exchange.
During the quarter the company added eight clients and further strengthened its relationship with 116 clients worldwide.
The consolidated net profit was Rs 8.82 crore for the third quarter this fiscal as against Rs 5.89 crore for the corresponding quarter in the previous fiscal, reflecting an increase of 49.72 per cent.
Consolidated revenue rose 38.11 per cent to Rs 37.40 crore as compared to Rs 27.08 crore for the third quarter during last fiscal.
"Our undivided focus on products strategy has lead to a robust growth in this quarter ended December 31, 2005. We now aim to see Nucleus Software at the pinnacle of success as a leading global player in the products area," Nucleus Managing Director, Mr. Vishnu Dusad, said.
The company has also decided to set up a wholly owned subsidiary in Netherlands for addressing business opportunities there as well as in other European countries. - PTI