August 24, 2021
September 12, 2013
March 31, 2009
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
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
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:
Sunil Kumar Singh / Kiran Hans Khowal
Finese PR
Email: nucleus@finesepr.com