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 30^th 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 30^th 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 30^th 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 30^th September, 2019 as against Rs. 523.1 crore on 30^th 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 30^th 2019 stands at 2128.