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Nucleus Software net profit plummets 64% in Q3 2015

January 25, 2016

Nucleus Software has released its Q3 results, showing an after-tax loss of $1.86 million year-on-year.

For the period ending 31 December 2016 the firm’s net profit was $1.03 million, a 64% decrease from the $2.89 million figure it had posted in the same period last year.

Vishnu Dusad, CEO of Nucleus Software, puts the revenue increase (however small) down to a ‘relentless focus on customer success’ following the launch of its Payse payment solution and the hosting of FinnOne Neo on the cloud.

Read here:  https://ibsintelligence.com/ibs-journal/ibs-news/nucleus-software-net-profit-plummets-64-in-q3-2015/