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Press Release

Nucleus Software Bags Orders for 16 Modules This Qtr

October 30, 2007 | Press Release
Nucleus Software has come out with second quarter numbers. It has posted consolidated net profit of Rs 16.2 crore for the quarter ended September 2007 as against Rs 14 crore in previous quarter.

Consolidated net sales increased to Rs 70.4 crore from Rs 66.7 crore.

Vishnu R Dusad, MD of Nucleus Software has informed that the company has added orders for 16 modules in this quarter and overall 36% modules for the first half. Dusad sees a healthy growth in the second half of the year.

Excerpts from CNBC-TV18’s exclusive interview with Vishnu R Dusad:

Q: Walk us through this quarter in terms of margins and what is it that you are targeting in the second half of this financial year?

A: Am glad to let you know that despite the pressure on exchange rate, we have healthy growth on our topline, bottomline, good collections and the best part is we have been chosen as top 200 under a billion companies in Asia Pacific by Forbes, which gives us immense satisfaction.

Q: Talk a bit about the revenue contribution both from product and services side of your business?

A: This quarter our revenue contribution from products and related services has gone up to record high of 70%, which gives us capability to take care of the exchange rate issues in future as well.

Q: What kind of client addition have you been seeing on BFSI vertical and for FY08? What’s the guidance that you are laying?

A: As a policy we do not give guidance, but our pipeline is very healthy. We have added orders for 16 modules in this quarter and overall 36% modules for the first half and we see healthy growth in second half and years to come for that matter.

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