Request a Meeting!
Request a Meeting!
Request a Meeting!

Request a Demo
Request a Demo
Request a Demo

Nucleus Software announces Q2 FY 11 Results

October 25, 2011 | Press Release
New Delhi, October 25, 2010: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), announced its Q2 results for financial year 2010‐2011.

Nucleus Software's consolidated revenue for the quarter ending September 30, 2010, is at Rs. 70.19 crore in comparison to Rs. 70.75 crore in the corresponding quarter of the previous year.  With total expenses at Rs. 58.48 crore in comparison to Rs. 58.80 crore in the corresponding quarter of the previous year, the consolidated EBITDA is at Rs. 11.71 crore in comparison to Rs. 11.95 crore in the corresponding quarter  of the previous year. Net profit after tax (PAT) is at Rs.   8.90 crore in comparison to Rs. 9.88 crore in the corresponding quarter of the previous year.

For the half year ending September 30, 2010, consolidated revenue is at Rs. 136.33 crore in comparison to Rs. 151.29 crore in the corresponding half‐year period in the previous year. With total expenses at Rs. 119.91 crore in comparison to Rs. 123.33 crore in the corresponding half‐year period in the previous year, the consolidated EBITDA is at Rs. 16.42 crore in comparison to Rs. 27.98 crore in the corresponding half‐ year period in the previous year. Net Profit after tax (PAT) is at Rs. 14.19 crore in comparison to Rs. 20.01 crore in the corresponding half‐year period in the previous year.

Highlights

Quarter Ended September 30, 2010
  1. Consolidated revenue at Rs. 70.19 crore from software products and software development services in comparison to Rs. 70.75 crore in the corresponding quarter of the previous year.
  2. Product business revenue for the quarter at Rs. 50.58 crore in comparison to Rs. 39.07 crore in the corresponding quarter of the previous year.
  3. EBITDA at Rs. 11.71 crore in comparison to Rs. 11.95 crore in the corresponding quarter of the previous year.
  4. Net Profit after Tax (PAT) at Rs. 8.90 crore in comparison to Rs. 9.88 crore in the corresponding quarter of the previous year.
  5. Earning per Share for the quarter at Rs. 2.75 in comparison to Rs. 3.05 in the corresponding quarter of the previous year.
Half‐ Year Ended September 30, 2010
  1. Consolidated revenue at Rs. 136.33 crore from software products and software development services in comparison to Rs. 151.29 crore in the corresponding half‐ year of the previous year.
  2.  Product business revenue at Rs. 93.53 crore in comparison to Rs. 86.38 crore in the corresponding half‐year of the previous year.
  3. EBITDA at Rs. 16.42 crore in comparison to Rs. 27.98 crore in the corresponding half‐year of the previous year 
  4.  Net Profit After Tax (PAT) at Rs. 14.19 crore in comparison to Rs. 20.01 crore in the corresponding half‐year of the previous year.
  5. Earning Per Share for the half‐year at Rs. 4.39 in comparison to Rs. 6.18 in the corresponding half‐year of the previous year.
Vishnu R Dusad, CEO and Managing Director, Nucleus Software said: “There is a strong growth momentum building up with banks realizing the significance of technology in aiding calculated decisions/risks. As an IPR‐led company we are well poised to ride the growth wave and align our intellectual capital to the dynamic requirements of the banking sector.”

Niraj Vedwa, COO, Nucleus Software said, “We are continuing our order win momentum with 15 product orders in this quarter. With our new organizational structure in place, we will be able to scale our delivery capability to execute these orders. Our highest focus is to increase market share and enter new geographies; with increased operational efficiencies and productivity.

Other Key Information

For the Quarter Ended September 30, 2010
  1. 15 new order wins in the second quarter of the fiscal year
  2. 9 new customers added
  3. Won orders for 44 new product modules  
  4. 5 product modules successfully implemented across the globe.
  5. Global strength of employees as on September 30, 2010 is 1562
  6. New campus announced in Jaipur, to be operational in FY 2011  
For the Half‐Year Ended September 30, 2010

  1. 30 new orders in the first six months of the fiscal year
  2.  23 new customers added
  3. Won orders for 92 new product modules  
  4. 11 product modules successfully implemented across  the globe  
  5. Global strength of employees as on September 30, 2010 is 1562
New Client Wins
This quarter we added 9 new customers and bagged 15 new orders for implementing 5 product modules in the second quarter of FY 2010‐11, from leading financial institutions in India, Middle East, Africa, South East Asia and Japan.    This region has immense potential in terms of growth in the banking sector and institutions, both large and small, are increasingly realizing the importance of technology in enhancing businesses

Successful Global Implementations:
This quarter 44 product modules went live in various markets across the globe. Some of the implementations were completed in record time. This further gave increased visibility to Nucleus in the global markets, and reaffirmed its standing in the global lending and cash management space.  


About Nucleus Software

Nucleus Software (BSE & NSE: NUCLEUS) is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas. Nucleus Software is known for its world-class expertise and innovation in lending and transaction banking technology. It has two flagship products, built on the latest technology:
  • FinnOneTM 10 time winner - World’s Best Selling Lending Solution. 
  • FinnAxiaTM, an integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: http://www.nucleussoftware.com/safe-harbor.

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Email: rashmi.joshi@nucleussoftware.com
Phone: +91-9560694654