Enabling digitization and business transformation to continually add value to our customers
New Delhi, July 21, 2016: Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced its consolidated results for the first quarter ended on June 30, 2016.
Consolidated revenue for the first quarter of FY 2017 is at Rs. 90.0 crore in comparison to Rs. 84.8 crore in the corresponding quarter of the previous year.
“As the transformation of financial services continues, driven in part by the rise of Fintech companies, we are seeing increasing interest in both digitization and the adoption of cloud. This is translating into some very exciting opportunities. In line with our approach to facilitate the digital transformation of our customers, we are working with many financial institutions in India for cloud-based deployments which will offer them enhanced business agility and reduced time to market,” said Mr. Vishnu R. Dusad, CEO, Nucleus Software.
“We remain fully committed to combining our deep business and technical expertise with innovative solutions that help our customers achieve their business goals. Building on our lending mobility portfolio, which is now processing over 9.7 million transactions worth more than $2.15 billion, we recently launched our lending mobility offering ‘mApply’. The solution enables end customers of Banks and financial institutions to apply for loans in a completely digital manner through mobile and eliminates the need to visit the branch. We are adding value and solving real business needs of our customers,” added Mr. Dusad.
Consolidated results for the first quarter ended 30th June, 2016
Cash and cash equivalents, including investments in debt schemes of mutual funds, fixed deposits with banks and tax free bonds are at Rs. 394.5 crore as on 30th June, 2016, as against Rs. 351.5 crore on 30th June, 2015.
- Continuing with our expansion strategy, we have added 1 new customer to the count of more than 150 customers during the quarter