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

Request a Demo
Request a Demo
Request a Demo

Nucleus Software Announces Q3 FY 2015 Results

January 28, 2015 | Press Release
New Delhi, 28 January, 2015: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), the leading provider of mission critical lending and transaction banking solutions to the global financial services industry, today announced its financial results for the quarter ending 31st December, 2014. Consolidated revenue for the third quarter of FY 15 is at Rs. 86 crore in comparison to Rs. 90 crore in the corresponding quarter previous year. Revenue for the first nine months of FY 2015 is at Rs. 252.2 crore, against Rs. 258.5 crore in the corresponding period of FY 2014.

Commenting on the Company’s performance, Mr. Vishnu R. Dusad, CEO, Nucleus Software, said, “The last quarter ended on a positive note for us. We ventured into new strategic markets, creating opportunities for the Company to increase its client base and initiatives. Building new customer relationships and strengthening the old ones has been key to our growth and that’s what we focused on in the last few quarters. We are very positive about the upcoming year and the opportunities it brings along. We are looking forward to an exciting year ahead.”

The last quarter has seen Nucleus Software bring in additions to the senior management team as part of its transformation journey. Rahul Krishna has joined the company as Global Head of Human Resources with a proven record of success in implementing HR strategies supporting transformation across varied industries. Mohammad Shamim joined Nucleus Software with 25 years of deep experience and insights in growing and managing large business teams. As Senior Vice President of Sales for India, Middle East and Africa, Shamim will drive customer experience and satisfaction in these growing regions. Daragh O’Byrne joins as Global Head of Marketing with over 20 years of indepth product and global markets expertise to strengthen Nucleus Software’s global marketing activities.

FINANCIAL HIGHLIGHTS
Consolidated results for the quarter ended 31st December, 2014

  1. Revenue at Rs. 86 crore from software products and software development services in comparison to Rs. 90 crore in the corresponding Q3 of the previous year. 
  2. Product business revenue at Rs. 62 crore in comparison to Rs. 61.4 crore in the corresponding Q3 of the previous year. 
  3. EBIDTA at Rs. 15 crore in comparison to Rs. 19.4 crore in the corresponding Q3 of the previous year.
  4.  Net Profit after Tax (PAT) at Rs. 19.6 crore in comparison to Rs. 23.4 crore in the corresponding Q3 of the previous year.
  5. Earnings Per Share at Rs. 6.0 in comparison to Rs. 7.2 in the corresponding Q3 of the previous year.
Consolidated results for the Nine month period ended 31st December, 2014

  1. Revenue at Rs. 252.2 crore from software products and software development services in comparison to Rs. 258.5 crore in the corresponding period of the previous year.
  2. Product business revenue at Rs.180.2 crore in comparison to Rs. 178.8 crore in the corresponding period of the previous year.
  3.  EBIDTA at Rs. 40.7 crore in comparison to Rs. 46.5 crore in the corresponding period of the previous year.
  4.  Net Profit after Tax (PAT) at Rs. 44.1 crore in comparison to Rs. 45.5 crore in the corresponding period of the previous year.
  5. Earnings Per Share at Rs. 13.6 in comparison to Rs. 14.0 in the corresponding period of the previous year.
Consolidated results for the Nine month period ended 31st December, 2014

  1. Revenue at Rs. 252.2 crore from software products and software development services in comparison to Rs. 258.5 crore in the corresponding period of the previous year.
  2.  Product business revenue at Rs.180.2 crore in comparison to Rs. 178.8 crore in the corresponding period of the previous year.
  3.  EBIDTA at Rs. 40.7 crore in comparison to Rs. 46.5 crore in the corresponding period of the previous year.
  4.  Net Profit after Tax (PAT) at Rs. 44.1 crore in comparison to Rs. 45.5 crore in the corresponding period of the previous year.
  5. Earnings Per Share at Rs. 13.6 in comparison to Rs. 14.0 in the corresponding period of the previous year.
LIQUIDITY
Cash and cash equivalents, including investments in debt schemes of mutual funds, fixed deposits with banks and tax free PSU bonds are at Rs. 327.1 crore as on 31st December, 2014, as against Rs. 299.4 crore on 31st December, 2013.

BUSINESS HIGHLIGHTS
For the quarter ended 31st December, 2014: 

  1. The third quarter of FY 2015 saw a total of 2 product module implementations successfully going live across the globe 
  2. The Company won 1 new product order worldwide
For the Nine months ended 31st December, 2014: 

  1. Won 7 new product orders worldwide 
  2. 1 new customer added 
  3. 10 product modules successfully implemented across geographies The global strength of employees at Nucleus Software as on 31st December, 2014 stands at 1513 against 1532 as on 31st December, 2013
The global strength of employees at Nucleus Software as on 31st December, 2014 stands at 1513 against 1532 as on 31st December, 2013.

EVENTS HIGHLIGHTS 
  1. Nucleus Software exhibited at Financial Information Technology 2014 to share insights on ‘Leveraging technology in banking to deliver value to customers' in a session and showcased its Global No.1 Lending Solution, FinnOneTM and Integrated Transaction Banking Product Suite, FinnAxiaTM at the event in Tokyo on October 9 -10, 2014 
  2. Nucleus Software hosted a customer meet to showcase its Integrated Transaction Banking Product Suite, FinnAxiaTM to the banking and financial services industry in Indonesia on December 3, 2014. To find out more about transaction banking product suite, please visit the following page: http://www.nucleussoftware.com/corweb/FinnAxia.jsp To find out more about the company’s participation at global events, please visit the following page: http://www.nucleussoftware.com/corweb/events.jsp
INVESTOR CONFERENCE CALL INFORMATION
On January 28, 2015
, the management team at Nucleus Software including Chief Executive Officer, 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      January 28, 2015
Time      4:00 PM IST
Conference ID        78079442#
All India Toll Free Number     1800 419 2425
Dial In Access Numbers     Delhi/ NCR:011- 6675 4500 /3940 6000
    Mumbai: 022- 6000 5900/3940 6000          
    Kolkata: 033- 6000 5900/3940 6000
    Chennai: 044- 6000 5900/3940 6000

The audio and transcript of this conference call will made available at the Investor section of the 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