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Press Release

Nucleus Software announces Q2 FY20 Financial Results

October 24, 2019 | Press Release

Continuous focus on innovation; enabling banks and financial institutions to leverage the power of digital transformation

 

New Delhi, October 24, 2019: Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced its consolidated results for the quarter and half year ended 30th September, 2019.


Consolidated revenue for the second quarter of FY20 is at Rs. 128.2 crore compared to Rs. 121.5 crore in corresponding quarter of the previous year. Revenue for the first half year of FY20 is at Rs. 252.3 crore, against Rs. 234.1 crore in the corresponding half year of FY19.

 

Vishnu R Dusad (Managing Director, Nucleus Software) said, “The second quarter was eventful in-terms of new customers, product orders and implementations. During the period, we welcomed 5 new customers to our growing roster of innovative financial services companies. We won 7 new orders and completed 9 product module implementations across the world. Recognizing the importance of Information technology we continue to invest in the latest technologies to help our customers digitize their operations and achieve their business ambitions. The financial services segment in India is witnessing some challenges with both banks and Non-Bank Financial Companies (NBFCs) facing headwinds in growth. We are in continuous dialogue with our customers to help them recalibrate their business strategies and leverage technology in dealing with the evolving business dynamics”.



Financial highlights:

Consolidated results for the Quarter ended 30th September, 2019

- Consolidated revenue for the quarter stood at Rs. 128.2 crore in comparison to Rs. 121.5 crore in the corresponding quarter of the previous year

  • - Product business revenue for the quarter was at Rs. 101.3 crore in comparison to Rs. 96.0 crore in the corresponding quarter of the previous year
  • - EBIDTA for the quarter stood at Rs. 20.6 crore in comparison to Rs. 22.8 crore in the corresponding quarter of the previous year
  • - Net Profit after Tax (PAT) stood at Rs. 21.1 crore in comparison to Rs. 19.1 crore in the corresponding quarter of the previous year
  • - Earnings Per Share for the quarter is at Rs. 7.26 in comparison to Rs. 6.59 in the corresponding quarter of the previous year

Consolidated results for the half-year ended 30th September, 2019

- Consolidated revenue stood at 252.3 crore in comparison to Rs. 234.1 crore in the corresponding half-year of the previous year

  • - Product business revenue at 198.5 crore in comparison to Rs. 186.2 crore in the corresponding half-year of the previous year
  • - EBIDTA stood at 38.5 crore in comparison to Rs. 41.1 crore in the corresponding half-year of the previous year
  • - Net Profit after Tax (PAT) stood at 37.7 crore in comparison to Rs. 36.7 crore in the corresponding half-year of the previous year
  • - Earnings Per Share at 12.97 in comparison to Rs. 12.65 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 bonds, etc are at Rs. 506.1 crore as on 30th September, 2019 as against Rs. 523.1 crore on 30th June, 2019.


Business Highlights:

 

  • - Added 5 new customers in the quarter from various geographies
  • - Won 7 new orders worldwide and live with 9 product module implementations during the quarter
  • - Presented expertise at Sibos 2019 in London around how banks can achieve hyper agile transaction banking in today’s hyper connected world
  • - Showcased expertise at the Indonesia BFSI Innovation Summit on how FinnOne Neo is helping banks and other financial services companies drive innovation in lending
  • - Demonstrated our advanced technologies at the Technology Senate Bangla conference in Kolkata
  • - Participated in the Middle East Banking Summit 2019 (MEBIS) and presented insights on ‘Getting Ready for Hyper Banking – The Time is Now ’
  • - The global strength of employees at Nucleus Software as on September 30th 2019 stands at 2128.

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