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Nucleus Software reports revenue of Rs. 293.76 crore in FY13

April 30, 2013 | Equity bulls
Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), reported its consolidated results for the financial year ended March 31 2013. With decades of experience, the company is a leading global banking software powerhouse providing innovative and pioneering products and software solutions.

Commenting on the performance of fourth quarter and fiscal FY2013, Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software, said "FY2012 -13 has been a significant year for Nucleus Software. Our customer base in 50 countries and focus on domain-rich expertise has helped sustain the company's improved performance. Going forward, we will be focusing on consolidating our global leadership position through customer centricity, market penetration and new platform initiatives such as mobility."

The company reported revenue for FY 13 at Rs. 293.76 crore, a Y-o-Y growth of 4.08% and Net Profit after Tax (PAT) stood at Rs. 45.17 crore in comparison to Rs. 35.34 crore in the previous year, a Y-o-Y growth of 27.82%.

The Dividend has been recommended at 30% (Rs. 3.00 per share) against 25% (Rs. 2.50 per share), in the previous year.

Nucleus Software successfully implemented FinnOne� at Toyota Financial Services India Limited in June 2012, a collaborative effort enabling smooth management of Toyota Financial Services India's lending operations including loan origination, management and collections.

Expanding its global foot print, Nucleus Software entered into new major financial hubs of South Africa and Switzerland, further consolidating its position as the global leader.

For the year ended 2012-2013, Nucleus Software has won 20 new product orders worldwide, added 10 new customers, won orders for 65 product modules in FY 12-13 and implemented 85 modules.

Nucleus Software's FinnOneTM has again been ranked as the Global No. 1 Lending Software solution for the fifth consecutive year by IBS Publishing, UK in their Sales League Table 2013 for banking product sales.

The Board has inducted Prof. Trilochan Sastry, Professor, IIM Bangalore, as an Additional Director in the Board Meeting held on April 27, 2013.

A former Dean at IIM Bangalore, Prof. Sastry has taught in many prestigious Universities in India, Japan, Hong Kong and United States and has published several academic papers in Indian and International journals. He has received national award for research and teaching. A B.Tech. from IIT, Delhi, an MBA from IIM, Ahmedabad, and a Ph.D. from MIT, USA, Prof. Sastry has taught for several years at IIM, Ahmedabad after which he moved to IIM, Bangalore.

Prof. Sastry will serve as an Additional Director of the Board till the next Annual General Meeting of the Company, when his appointment as a Non-Executive Independent Director will be placed for approval of the members of the Company.

Commenting on the performance of fourth quarter and fiscal FY2013, Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software, said "FY2012 -13 has been a significant year for Nucleus Software. Our customer base in 50 countries and focus on domain-rich expertise has helped sustain the company's improved performance. Going forward, we will be focusing on consolidating our global leadership position through customer centricity, market penetration and new platform initiatives such as mobility."

Shares of Nucleus Software Exports Ltd was last trading in BSE at Rs.75.70, up by Rs.1.50 or 2.02%. The stock hit an intraday high of Rs.77 and low of Rs.74.40.

The total traded quantity was 9398 compared to 2 week average of 3744.