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Nucleus Software Revenues At All Time High

April 27, 2006
Thursday, April 27, 2006: New Delhi: Nucleus Software Exports Ltd. has its financial results for the fourth quarter and year ended 31 March 2006.

For the year, the company’s consolidated revenue has increased by 43.54 per cent to Rs 148.05 crore from Rs 103.14 crore in the previous year. Nucleus’ net profit after tax (PAT) increased to Rs 37.09 crore as compared to Rs 20.75 crore in the previous year.

The company’s consolidated revenue for Q4 increased by 35.69 per cent to Rs 42.09 crore as compared to Rs 31.02 crore for the corresponding quarter of the previous year. Net PAT increased to Rs 10.90 crore as compared to Rs 8.54 crore for the corresponding quarter in the previous year.

During the year, Nucleus added 24 new clients to its portfolio taking the total to 120. The company upped its headcount by 150 people during the year. It has also launched a subsidiary in the Netherlands.

Vishnu R. Dusad, MD, Nucleus Software, said, "This year’s solid results, highlighted by record net income and continued order growth across our software banking solutions indicates our continued product leadership and solid market momentum"