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Nucleus Software announces Q3 FY 2018 Results, Revenue grew at 13.8% YoY

January 24, 2018 | Press Release
  • - Continues focus on digital transformation in lending and corporate banking
  • - Supporting financial institutions monetize their data with analytics

New Delhi, India, Jan 24, 2018: Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced its financial results for the quarter and nine months ended 31st December, 2017.

 

Consolidated revenue for the third quarter of FY18 is at Rs. 106.0 crore compared to Rs. 93.1 crore in Q3 of the previous year. Revenue for the first nine months of FY18 is at Rs. 300.8 crore, against Rs. 278.7 in the corresponding nine months of FY17.

 

“We are pleased with our performance in Q3. During the quarter, we have added 5 new customers and completed 7 successful implementations worldwide. Our continuous focus on driving innovation in financial services has helped us reinforced our leadership position in digital transformation with our solutions including analytics and cloud. We saw continuous traction for our corporate banking solutions in the international market which resulted in a deal win with one of the leading banks in Indonesia. We also went live with our analytics solution at one of the leading banks in the Middle East and a leading Non-Banking Financial Company (NBFC) in India, said Mr. Vishnu R. Dusad (CEO of Nucleus Software).

Financial highlights:

Consolidated results for the Quarter ended 31st December, 2017

- Consolidated revenue for the quarter stood at Rs. 106.0 crore in comparison to Rs. 93.1 crore in the corresponding Q3 of the previous year

  • - Product business revenue for the quarter was at Rs. 85.1 crore in comparison to Rs. 71.8 crore in the corresponding Q3 of the previous year
  • - EBIDTA for the quarter stood at Rs. 18.6 crore in comparison to Rs. 14.5 crore in the corresponding Q3 of the previous year
  • - Net Profit after Tax (PAT) stood at Rs. 18.1 crore in comparison to Rs. 17.9 crore in the corresponding Q3 of the previous year
  • - Earnings Per Share for the quarter is at Rs. 6.24 in comparison to Rs. 5.52 in the corresponding Q3 of the previous year

Consolidated results for the nine months ended 31st December, 2017

- Consolidated revenue stood at Rs. 300.8 crore in comparison to Rs. 278.7 crore in the corresponding nine months of the previous year

  • - Product business revenue at Rs. 237.1 crore in comparison to Rs. 216.0 crore in the corresponding nine months of the previous year
  • - EBIDTA stood at Rs. 42.4 crore in comparison to Rs. 39.0 crore in the corresponding nine months of the previous year
  • - Net Profit after Tax (PAT) stood at Rs. 45.3 crore in comparison to Rs. 45.8 crore in the corresponding nine months of the previous year
  • - Earnings Per Share at Rs. 14.58 in comparison to Rs. 14.13 in the corresponding nine months of the previous year

 

Liquidity:

Cash and cash equivalents, including investments in debt schemes of mutual funds, fixed deposits with banks, tax free bonds and preference shares are at Rs. 430.4 crore as on 31st December, 2017, as against Rs. 429.8 crore on 31st December, 2016


Business Highlights:

  • - Continuing with our expansion strategy, we have added 05 new customers this quarter
  • - Won 07 new product orders worldwide in Q3 FY18
  • - During the quarter, 15 product module implementations successfully went live across the globe
  • - Enhanced digital capabilities of our award winning lending mobility solution, which enables financial institutions to offer completely digitized loan services on mobile.
  • - Hosted an exclusive conference for the leaders of Banks and other Financial Services companies in Manila on ‘Driving Innovation in Lending Manila 2017
  • - Showcased comprehensive lending solution, FinnOne Neo for Mutuals at Customer Owned Banking Association’s premiere annual convention, COBA 2017
  • - Presented insights on ‘How Banks and other Financial Services companies can benefit from Digital’ at a gathering of industry leaders at Ho Chi Minh City and Hanoi, Vietnam
  • - Hosted an exclusive webinar on ‘How do you become the Digital Bank of Tomorrow – Today?’ for sharing expertise on leveraging the power of digital, personalization and analytics
  • - Hosted an HackathonNucleus Software coding challenge’ in association with HackerEarth.

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