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Nucleus Software announces Q2 FY 13 Results

October 22, 2012 | Press Release
New Delhi, India, October 22, 2012: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209) announced Q2 results for the financial year 2012-13.

Nucleus Software's consolidated revenue for the quarter ended September 30, 2012 is at Rs. 71.75 crore in comparison to Rs. 73.91 crore in the corresponding quarter previous year. The consolidated EBITDA is at Rs. 11.96 crore in comparison to Rs. 10.75 crore in the corresponding quarter previous year. Net Profit after Tax (PAT) is at Rs. 10.10 crore in comparison to Rs. 11.45 crore in the corresponding quarter previous year.

Highlights:

Consolidated results for the quarter ended September 30, 2012 -

  1. Revenue for the quarter at Rs. 71.75 crore from software products and software development services in comparison to Rs. 73.91 crore in Q2 FY 12
  2.  Product business revenue for the quarter at Rs. 47.82 crore in comparison to Rs. 55.18 crore in Q2 FY 12
  3. EBIDTA for the quarter at Rs. 11.96 crore in comparison to Rs. 10.75 crore in Q2 FY 12
  4. Net Profit after Tax (PAT) for the quarter at Rs. 10.10 crore in comparison to Rs. 11.45 crore in Q2 FY 12
  5. Earning Per Share for the quarter at Rs. 3.12 in comparison to Rs. 3.54 in Q2 FY 12

Consolidated results for the half-year ended September 30, 2012

  1. Revenue at Rs. 145.69 crore from software products and software development services in comparison to Rs. 138.19 crore in the corresponding half-year of the previous year
  2. Product business revenue at Rs. 98.40 crore in comparison to Rs. 102.26 crore in the corresponding half-year of the previous year
  3. EBIDTA at Rs. 21.12 crore in comparison to Rs. 16.23 crore in the corresponding half-year of the previous year
  4. Net Profit after Tax (PAT) at Rs. 22.39 crore in comparison to Rs. 16.48 crore in the corresponding half-year of the previous year
  5. Earning Per Share at Rs. 6.91 in comparison to Rs. 5.09 in the corresponding half-year of the previous year
Other key information

For the Quarter Ended September 30, 2012:

  1. Won 5 new product orders worldwide
  2. 1 new customer added
  3. Won orders for 14 product modules in this quarter
  4. 37 product modules successfully implemented across regions
For the Half Year Ended September 30, 2012:

  1. Won 5 new product orders worldwide
  2. 1 new customer added
  3. Won orders for 14 product modules
  4. 51 product modules successfully implemented across regions
Vishnu R. Dusad, CEO and Managing Director, Nucleus Software said, “While the European economic slump continues to impact Indian businesses, our client base spread across 50 countries helps us sustain growth. Our successful module implementations across regions reiterate Nucleus’ capabilities to not just fulfill, but exceed customer expectations.”

“We have added new members to our management committee and are optimistic about the long-term opportunities the new team will fetch for Nucleus Software.”, he added.

Successful Global Implementations

In the first six months of this fiscal year, 51 product modules implementations went live across Europe, Middle-east, Africa & India. Some of these implementations were completed in record time.

Global Strength
The global strength of employees at Nucleus Software as on September 30, 2012 stands at 1622 against 1644 as on June 30, 2012.

Liquidity

Cash and cash equivalents, including investments in liquid mutual funds and Fixed Deposits with Banks, as on September 30, 2012 was Rs. 234.76 crore against Rs. 190.34 crore as on September 30, 2011.

Investor Conference Call Information:

On Monday, October 22, 2012, the Management Team at Nucleus Software including the Chief Executive Officer and Managing Director, Mr. Vishnu R Dusad will participate in a conference call for Investors and Analysts at 4:00 PM IST.

Details of the Earnings Conference Call are given below:

Date October 22, 2012
Time 4:00 PM IST
Conference ID 9199995#
All India Toll Free Number
Back Up All India Toll Free Number
18002000209
18002001298
Dial In Access Numbers Delhi/ NCR: 011- 39406000/ 44121100
Mumbai:022- 39406000/ 44121100
Kolkata: 033- 39406000
Chennai:044- 39406000/ 44121100 

The audio & transcript of this conference call will be made available at the Investors section of our website www.nucleussoftware.com.

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