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 Home / News / Press Release / Nucleus Software Announces Q3 FY 2014 Results

Nucleus Software Announces Q3 FY 2014 Results

February 20, 2014 | Press Release
New Delhi, 20 January, 2014: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global software product and solutions provider to the banking and financial services industry, announced its financial results for the quarter ending 31st December, 2013. The revenue for the third quarter of FY 2014 grew to Rs. 89.96 crore, a growth of 20.54 % from the corresponding quarter of the previous year. Revenue for the first nine months of FY 2014 grew to Rs. 258.54 crore, a growth of 17.34% on a year on year basis.

Commenting on the performance of the third quarter, Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software, said, “We are continuing to register a healthy growth in the current financial year. We are happy to share that our increasing penetration in new markets has given us a positive momentum. Additionally, with the objective of building capabilities for the future, we have been investing in new talent and nurturing the existing talent pool. Our focus on our people has been to ensure quality and achieving perfection while delivering world class products to our customers.”

Nucleus Software has announced that its continued focus on building the right talent as a foundation of growth will remain one of its top priorities in the coming quarters. Focusing on integrated talent management for sustained higher performance, the company has recruited a healthy mix of graduate talent and experienced professionals in technology and business management areas.

In the current financial year, Nucleus Software has hired over 200 campus graduates and over 190 experienced professionals. In Q3 FY 14, the company hired a mix of over 100 campus graduate and experienced professionals. The organization has started investing in relationships and hiring from top B-Schools in India to strengthen the strategic management and functional business management capabilities across its various teams. Nucleus Software has strengthened its commitment and investment in Talent and Leadership Development initiatives to build leadership capability for the future across all levels in the organization.

FINANCIAL HIGHLIGHTS

Consolidated results for the quarter ended 31st December, 2013
  1. Revenue for the quarter stood at Rs. 89.96 crore from software products and solutions in comparison to Rs. 74.63 crore in the corresponding Q3 of the previous year.
  2. Product business revenue for the quarter was at Rs. 61.41 crore in comparison to Rs. 49.67 crore in the corresponding Q3 of the previous year.
  3. EBITDA for the quarter stood at Rs. 19.45 crore in comparison to Rs. 12.51 crore in the corresponding Q3 of the previous year.
  4. Net Profit after Tax (PAT) stood at Rs. 23.39 crore in comparison to Rs. 12.33 crore in the corresponding Q3 of the previous year.
  5. Earnings Per Share (EPS) for the quarter is at Rs. 7.22 in comparison to Rs. 3.81 in the corresponding Q3 of the previous year.
Consolidated results for the nine months ended 31st December, 2013
  1. Revenue at Rs. 258.54 crore from software products and software development services in comparison to Rs. 220.32 crore in the corresponding nine months of the previous year .
  2. Product business revenue at Rs. 178.84 crore in comparison to Rs. 148.07 crore in the corresponding nine months of the previous year.
  3. EBIDTA at Rs. 46.49 crore in comparison to Rs. 33.63 crore in the corresponding nine months of the previous year.
  4. Net Profit after Tax (PAT) at Rs. 45.50 crore in comparison to Rs. 34.72 crore in the corresponding nine months of the previous year.
  5. Earnings Per Share at Rs. 14.05 in comparison to Rs. 10.72 in the corresponding nine months 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. 299.45 crore as on 31st December, 2013, as against Rs. 249.44 crore on 31st December, 2012

BUSINESS HIGHLIGHTS

For the quarter ended 31st December, 2013:
  1. The third quarter of FY2014 saw a total of 3 new customers being added to the count of over 150 customers across the globe.
  2. In Q3 FY2014, 31 product module implementations successfully went live across geographies.
  3. The company won 8 new product orders worldwide.
For the nine months ended 31st December, 2013:

  1. Won 15 new product orders worldwide.
  2. 9 new customers added.
  3. 43 product modules successfully implemented across geographies.
The global strength of employees at Nucleus Software as on 31st December, 2013 stands at 1532

EVENT HIGHLIGHT
Nucleus Software hosted a customer meet to showcase its FinnOneTM Mobility Product Suite offering enhanced value and experience to the banking and financial services industry in Philippines market on 8th November 2013. To find out more about the company’s mobility product suite, please visit the following page: https://www.nucleussoftware.com/mobility.html

To find out more about the company’s participation at global events, please visit the following page: https://www.nucleussoftware.com/events.html

NVESTOR CONFERENCE CALL INFORMATION

On January 20, 2014, the management team at Nucleus Software including Chief Executive Officer and Managing Director, Mr. Vishnu R Dusad will participate in a conference call for Investors and Analysts at 4:00 PM IST.

Details of the Earnings Conference Call are given below:

Date January 20, 2014
Time 4:00 PM IST
Conference ID 65754196#
All India Toll Free Number

Back Up All India Toll Free Number		 18002000209

18002001298
Dial In Access Numbers Delhi/ NCR: 011- 39406000/ 44121100 
Mumbai: 022- 39406000/ 44121100 
Kolkata: 033- 39406000
Chennai:- 044- 39406000/ 44121100 

The audio and transcript of this conference call will made available at the Investor section of the website www.nucleussoftware.com

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 $ 500 billion of loans and enabling more than 500,000 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.
  • FinnAxiaTM : An integrated global transaction banking solution used by banks worldwide.
  • PaySeTM : The world’s first online & offline digital payment solution created with an aim to democratize money.
For more information, please visit : https://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
 

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