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Nucleus Software's Revenues for Q3 Up by 47.37%

January 18, 2005 | Press Release
Nucleus Software Exports Limited (NSE: NUCLEUS), a leading global provider of next generation software products for banking and financial sector, today announced its Q3 results. Nucleus Software's consolidated revenue for the quarter ending 31st December 2004 increased by 47.37% to Rs. 270.77 million as compared to Rs183.73. million for the corresponding quarter of the previous year. Net Profit after Tax (PAT) increased to Rs.. 58.88 million as compared to Rs.. 17.31 million for the corresponding quarter in the previous year.

For the nine months ended 31st December 2004, the consolidated revenue increased by 25.77% to Rs. 721.20 million as compared to Rs. 573.42 million for the corresponding nine months of previous year. Net Profit after Tax (PAT) increased to Rs. 122.14 million as compared to Rs. 53.77 million for the corresponding nine months in the previous year.

Major Highlights:
Quarter ended December 31, 2004

- Consolidated revenue increased by 47.37 % as compared to corresponding quarter of the previous year.
- Net Profit after Tax increased by 240.20 % in comparison to corresponding quarter of the previous year
- EPS for the quarter increased to Rs. 3.66 from Rs. 1.09* for the corresponding quarter of the previous year
* Adjusted to the bonus issue of 1:1 in August 2004.

Nine Months ended December 31, 2004
- Consolidated revenue increased by 25.77% as compared to the corresponding nine months of previous year.
- Net Profit after Tax increased by 127.16% in comparison to corresponding nine months of previous year.
- EPS for the nine months increased to Rs. 7.60 from Rs. 3.39* for the corresponding nine months of previous year.
* Adjusted to the bonus issue of 1:1 in August 2004.

Other Key Information
4 customers added this quarter, taking the total number to 90

Commenting on the company’s results, Vishnu Dusad, Managing Director, Nucleus Software Exports Limited said “Nucleus’ consistent performance reinforces the success of our business model to focus on creating intellectual property and developing world class products for our customers.” We aim to be a leading global provider of banking products.

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