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Press Release

Nucleus Software announces Q2 FY 2017 Results

October 21, 2016 | Press Release

Helping banks and financial institutions digitize to provide faster, simpler and more convenient solutions 

 

New Delhi, India, 21 October, 2016: Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced its financial results for the quarter ending 30th September, 2016.

 
Consolidated revenue for the second quarter of FY 17 is at Rs. 95.6 crore compared to Rs. 84.7 crore in Q2 of the previous year. Revenue for the first half year of FY 2017 is at   Rs. 185.6 crore, against Rs. 169.5 crore in the corresponding half year of FY 2016.



“To meet their customers’ expectations of personalized, real-time, digital experiences banks and financial institutions are reshaping their business models with a strong focus on digital and analytical capabilities. They realize the urgent need to transform, they understand that technology can be a business enabler and we are continuing to help them take advantage. In the second quarter we saw continuing traction in our cloud business and digital solutions. We have helped customers all over the world go-live, and I’m proud to say that FinnOne, our market leading lending solution helped a leading bank in India win a technology excellence award,’’ said Mr. Vishnu R. Dusad (CEO, Nucleus Software).

Financial highlights:

Consolidated results for the Quarter ended 30th September, 2016

 

  • - Consolidated revenue for the quarter stood at Rs. 95.6 crore in comparison to Rs. 84.7 crore in the corresponding Q2 of the previous year
  • - Product business revenue for the quarter was at Rs. 75.1 crore in comparison to 62.3 crore in the corresponding Q2 of the previous year
  • - EBIDTA for the quarter stood at Rs 14.1 crore in comparison to Rs. 1.7 crore in the corresponding Q2 of the previous year
  • - Net Profit after Tax (PAT) stood at Rs 13.7 crore in comparison to Rs. 4.5 crore in the corresponding Q2 of the previous year
  • - Earnings Per Share for the quarter is at Rs. 4.23 in comparison to Rs. 1.40 in the corresponding Q2 of the previous year

Consolidated results for the half-year ended 30th September, 2016

 

  • - Consolidated revenue stood at Rs. 185.6 crore in comparison to Rs. 169.5 crore in the corresponding half-year of the previous year
  • - Product business revenue at Rs. 144.2 crore in comparison to 124.8 crore in the corresponding half-year of the previous year
  • - EBIDTA stood at Rs 23.3 crore in comparison to Rs. 6.0 crore in the corresponding half-year of the previous year
  • - Net Profit after Tax (PAT) stood at Rs 24.5 crore in comparison to Rs. 11.3 crore in the corresponding half-year of the previous year
  • - Earnings Per Share at 7.57 in comparison to Rs. 3.50 in the corresponding half-year of the previous year

 

Liquidity:

Cash and cash equivalents, including investments in debt schemes of mutual funds, fixed deposits with banks and tax free PSU bonds are at Rs. 412.0 crore as on 30th September, 2016, as against Rs. 342.6 crore on 30th September, 2015.

Key highlights:

  • - During the quarter, 10 product module implementations successfully went live across the globe.
  • - With the successful implementation of FinnOne at bob Finance, a Zurich-based Fintech company, we built on our existing presence in Europe.
  • - Completed FinnOne Neo deployment in the cloud for Shubham Housing Development Finance Company Ltd (SHDFC), providing Shubham with a seamless customer acquisition platform, while streamlining home loan processing and helping them to scale faster.
  • - Enabled a large banking group in Mauritius to digitize its retail lending operations across multiple lines of business (LOBS).
  • - FinnOne Neo achieved Oracle Exadata Ready and Oracle Exalogic Ready Status.
  • - Helped a leading NBFC in South India to improve operational efficiency in loan servicing.
  • - Enabled a leading Indian Auto Finance company to digitize its loan collections over mobile channels using FinnOne mCollect.
    • - Empowered a leading banking customer in India to win a Technology Excellence Award 2016 for Mobile Loan Collections.
    • - Showcased expertise on digitization in transaction banking and demonstrated the latest version of FinnAxia at Sibos 2016, the premier business forum for the global financial community, organized by SWIFT in Geneva.
    • - The global strength of employees at Nucleus Software as on 30thSeptember, 2016 stands at 1696 against 1603 as on 30th September, 2015.

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