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Press Release

Nucleus Software announces Q1 FY21 Financial Results

August 10, 2020 | Press Release

New Delhi, August 10, 2020: Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced its consolidated results for the first quarter ended on June 30, 2020. Consolidated revenue for the first quarter of FY 2021 is at Rs. 128.4 crore in comparison to Rs. 124.1 crore in the corresponding quarter of the previous year.

 

Mr. R P Singh (CEO, Nucleus Software) said, “Financial institutions all over the world are re-evaluating their digital transformation programs and as leaders in digital lending and transaction banking we’ve been guiding our customers’ strategies. We are using our expertise to anticipate what they need before they know they need it and we are creating solutions to help. For example, we created FinnOne Neo myLoan, an AI powered conversational chatbot, which enables lenders to provide self-service on WhatsApp and other instant messaging platforms. I am pleased to share that FinnOne Neo has been recognized as the best-selling Lending solution in India for the third year in a row and the world’s second best-selling Lending solution. FinnAxia was recognised as the world’s third best-selling Transaction Banking Solution in the inaugural Transaction Banking Systems category in the Sales League Table 2020”.

Financial highlights:

Consolidated results for the first quarter ended 30th June, 2020

  • Consolidated revenue at Rs. 128.4 crore, in comparison to Rs. 124.1 crore in corresponding Q1 of the previous year
  • Product business revenue at Rs.107.1 crore in comparison to Rs. 97.2 crore in the corresponding Q1 of the previous year
  • EBIDTA at Rs. 37.1 crore in comparison to Rs. 17.9 crore in the corresponding Q1 of the previous year
  • Net Profit after Tax (PAT) at Rs. 36.3 crore in comparison to Rs. 16.6 crore in the corresponding Q1 of the previous year
  • Earnings Per Share at Rs. 12.51 in comparison to Rs. 5.71 in the corresponding Q1 of the previous year

Liquidity:

Cash and cash equivalents, including investments in debt schemes of mutual funds, fixed deposits with banks and tax free bonds, etc. are at Rs. 613.0 crore as on 30th June, 2020, as against Rs. 559.2 crore on 31st March, 2020.

Business Highlights:

  • Won 6 product orders and total 8 module implementations went live worldwide during the quarter
  • Announced the addition of a range of powerful new solutions to its market leading FinnOne Neo digital lending platform. Added myLoan, a new AI powered conversational chatbot for loan self-service and introduced Sales Assist to provide quick digital loan sourcing at retail stores, auto dealerships, lifestyle stores and other points of sale
  • Launched the latest version of its award winning lending solution - FinnOne Neo 5.0. This solution offers advanced capabilities to completely digitize and automate the complex lending processes as required in an increasingly virtual world, accentuated by COVID-19
  • Hosted webinars for financial services industry leaders in India, the Middle East, Australia and SEA to share insights on the future of lending an increasingly virtualized world and how lenders can React, Adapt and Lead in the evolving situation
  • Hosted a webinar on how corporate banks can leverage technology to not just REACT to the immediate customers' concerns around remote banking and liquidity but also ADAPT to a changing world where global supply chains become more local and LEAD in a post-COVID era by enabling hyper-fast and hyper-personalized banking
  • FinnOne Neo has been recognized in the lending category as the “#1 Leader” in India and as the “#2 Leader” globally. This is the third year in row that FinnOne Neo achieved the top spot in India. While FinnAxia was recognized as the “#3 Leader” in the inaugural Transaction Banking Systems category in the IBS Sales League Table 2020
  • The global strength of employees at Nucleus Software as on 30th June, 2020 stands at 2117 as compared to 2058 as on June 30, 2019

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