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Press Release

Nucleus Software announces FY 12 Results

April 30, 2012 | Press Release
New Delhi, India, April 30, 2012: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209) today announced its results for the fourth quarter and year ended March 31, 2012.

Nucleus Software's consolidated revenue for the year ended March 31, 2012 is at Rs. 282.25 crore in comparison to Rs. 270.48 crore in the previous year. The consolidated EBITDA is at Rs. 35.55 crore in comparison to Rs. 30.48 crore in the previous year. Net Profit after Tax (PAT) is at Rs. 35.34 crore in comparison to Rs. 26.34 crore in the previous year.

Consolidated revenue for the quarter ending March 31, 2012, is at Rs. 70.07 crore in comparison to Rs. 65.54 crore in the corresponding quarter of the previous year. The consolidated EBITDA is at Rs. 9.27 crore in comparison to Rs. 3.95 crore in the corresponding quarter of the previous year. Net Profit after Tax (PAT) is at Rs. 8.79 crore in comparison to Rs. 4.44 crore in the corresponding quarter of the previous year.

Highlights:

Financial Year Ended March 31, 2012
  1. Consolidated revenue at Rs. 282.25 crore from software products and software development services in comparison to Rs. 270.48 crore in the previous year.
  2. Product business revenue for the year at Rs. 204.99 crore in comparison to Rs. 193.57 crore in the previous year.
  3.  EBIDTA at Rs. 35.55 crore in comparison to Rs. 30.48 crore in the previous year.
  4. Net Profit after Tax (PAT) at Rs. 35.34 crore in comparison to Rs. 26.34 crore in the previous year.
  5. Earning Per Share for the year at Rs. 10.91 in comparison to Rs. 8.13 in the previous year.
  6. Dividend recommended at 25 % (Rs. 2.50 per share), against 25% (Rs. 2.50 per share) previous year.
Quarter Ended March 31, 2012
  1. Consolidated revenue at Rs. 70.07 crore from software products and software development services in comparison to Rs. 65.54 crore in the corresponding quarter of the previous year.
  2. Product business revenue for the quarter at Rs. 50.40 crore in comparison to Rs. 48.92 crore in the corresponding quarter of the previous year.
  3. EBIDTA at Rs. 9.27 crore in comparison to Rs. 3.95 crore in the corresponding quarter of the previous year
  4. Net Profit after Tax (PAT) at Rs. 8.79 crore in comparison to Rs. 4.44 crore in the corresponding quarter of the previous year.
  5. Earning Per Share for the quarter at Rs. 2.72 in comparison to Rs. 1.37 in the corresponding quarter of the previous year. 
Other Key Information

For the Financial Year Ended March 31, 2012
  1. 22 product order wins from across the globe
  2. 13 new customers added
  3. Won orders for 58 product modules
  4. 124 product modules of FinnOne™ Suite and Cash@WillTM suite successfully implemented
  5. Global strength of employees as on March 31, 2012 is 1656
Key Highlights
  1. ‘Cash and Bank Balances’ and ‘Current Investments’ at Rs. 196.32 crore on March 31, 2012 against Rs. 187.51 as on March 31, 2011.
  2. 22 product orders won for implementing 58 product modules .
Commenting on the financial results, Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software, said: “We witnessed a year on year growth driven by good product sales and successful implementations across locations in FY12. Asian and Middle Eastern markets saw a great demand for our products.

In a situation where the financial institutions across the globe are facing macroeconomic and regulatory challenges, and are therefore extremely cautious in making investment decisions, an increasing demand for our solutions, gives us a boost to continue innovating and customizing technology for future client needs.

Against the backdrop of uncertainty, we are confident that the demand for solutions like our flagship product, FinnOne™ which offer the best return on investments, will only upsurge. We are optimistic about the organization’s performance and growth in FY13 and will continue leveraging our presence in the international markets to expand our client base.”

Accolades/Awards
  1. Nucleus Software’s FinnOneTM has been ranked ‘World's No. 1 Selling Lending Software Product’ (for year 2011) and ranked fourth in global sales across all banking products by IBS Publishing, UK.
  2. Annual Report and Accounts of the Company for year ended March 31, 2011, have been adjudged as the BEST under the Category XI – Service Sector (other than financial services sector, transport, shipping and shipping/port allied services(Turn over less than Rs. 500 crore) of the ‘ICAI Awards for Excellence in Financial Reporting’. Nucleus Software has won GOLD SHIELD for the fourth consecutive year.
  3. Annual Report of the Company for the year ended March 31, 2011 has won the Platinum award under Technology-Software category and has been ranked fourth worldwide in the Top 100 Annual Reports in the Vision Awards by the League of American Communications Professionals (LACP).
  4. South Asian Federation of Accountants (SAFA) has adjudged Nucleus' Annual Report as the recipient of ‘Certificate of Merit’ for the Best Presented Accounts and Corporate Governance Disclosures Award 2010 in the category ‘Communication & Information Technology’
  5. Nucleus Software has been ranked amongst the Top 5 Companies for Best Corporate Governance Practices in India by IR Global Rankings 2011.
New Client Wins:
Nucleus bagged 22 orders for implementing 58 product in the year 2011-12. Product orders were bagged from leading financial institutions across the globe. For the quarter, Nucleus has won 6 product orders for implementing 16 modules of FinnOne™ and Cash Management Suite. Nucleus Software’s operational excellence, trust and accountability aided an easy win of new projects and clients over competitors across regions.

Successful Global Implementations:
This year 124 product modules of FinnOne™ Suite and Cash@WillTM suite went live in various markets across the globe. Some of the implementations were completed in record time. A larger number of successful product implementations this year reaffirms Nucleus’ continued leadership in lending and retailing solutions for the financial sector.

 Liquidity

Cash and cash equivalents, including investments in liquid mutual funds and Fixed Deposits with Banks, as on March 31, 2012 was Rs. 196.32 crore against Rs. 187.51 crore as on March 31, 2011.

About Nucleus Software

Nucleus Software Exports Ltd. is a publicly traded (BSE: 531209, NSE: NUCLEUS), software product company that provides lending and transaction banking products to global financial leaders.

Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 200 billion of loans and enabling more than 200,000 users logging in daily.

Nucleus Software’s flagship products, built on the latest technology are:
  • FinnOne NEOTM : The next-generation digital lending solution that is built on an advanced technology platform, designed to shape the future of lending across Retail, Corporate and Islamic sectors for banks and other financial service companies. The 10 time winner of ‘World’s Best Selling Lending Solution’, helps digitize the complete loan lifecycle.
  • 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.
  • PaySeTM : The world's first online & offline digital payment solution designed and created with an aim to democratize money by making banking services available to the unbanked in remote geographies.
For more information, please visit : http://www.nucleussoftware.com

For Media related information, please contact:

Sunil Kumar Singh / Kiran Hans Khowal

Finese PR

Email: nucleus@finesepr.com
Phone: +91-9818363518 | +91-8375969143