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Press Release

Nucleus Software Q4 New Profit up 27.63 percent

April 27, 2006 | India Times Infotech
MUMBAI: Nucleus Software Exports Ltd on Thursday posted a 27.63 per cent increase in consolidated net profit at Rs 42.09 crore for the quarter ended March 31, 2006 as against Rs 31.02 crore for the corresponding quarter in the previous fiscal.

The company's consolidated revenue grew 35.69 per cent to Rs 42.09 crore for the quarter ended March 31, 2006 as compared to Rs 31.02 crore for the same period in 2004-05.

The Board has recommended a dividend of Rs 3.50 on shares of Rs 10 each (35 per cent) for the financial year ended March 31, 2006.

For the year ended March 31, 2006, the consolidated net profit increased to Rs 37.09 crore as compared to Rs 20.75 crore in the previous year.

The consolidated revenues grew 43.54 per cent to Rs 148.05 crore for the year ended March 31, 2006 as against Rs 103.14 crore in 2004-05.

Nucleus Software provides customised software solutions to the banking and financial services sector.

The company's shares were trading at Rs 405, up 3.33 per cent at the BSE.

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