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Press Release

Nucleus Software Reports Quantum Growth of 27.61% YoY in FY 2022-23. Nucleus Software records highest revenue ever, riding on “The story of Indian IP wave

May 26, 2023 | Press Release
Key Highlights of the Consolidated Financial Performance for FY 2022-23
  Revenues in FY 2022-23 at Rs. 634.46 Crores on a consolidated basis, a growth of 27.61% YoY
  EBIDTA in FY 2022-23 at Rs.155.75 Crores on a consolidated basis, a growth of 329.98% YoY
  PAT in FY 2022-23 at Rs.127.79 Crores on a consolidated basis, a growth of 212.37% YoY
  EPS at Rs. 47.73 on a consolidated basis

Key Highlights of the Q4 2022-23
  Revenues in Q4 2022-23 at Rs. 206.20 Crores on a consolidated basis, a growth of 21.77%
  EBIDTA in Q4 2022-23 at Rs. 82.48 Crores on a consolidated basis, a growth of 73.25% QoQ
  PAT in Q4 2022-23 at Rs. 67.65 Crores on a consolidated basis, a growth of 76.45% QoQ

Nucleus Software, the BSE & NSE listed, India’s leading provider of lending and transaction
banking solutions to the global financial services industry, announced its financial results on
May 26, 2023, for the fourth quarter and the full financial year 2022-23 ended on March 31,

"We are pleased to announce that our financial results for the fourth quarter and the full
financial year are showing alignment with our evolving business goals. We have come a long
way, having completed 30 years of creating an Indian IP product, wholly designed, architected,
and built on Indian soil. Three decades later, we can proudly say that more than ~500 Bn USD
of retail assets are either originated, serviced, or collected using our products. We celebrated
this proud journey last fiscal year with our esteemed customers, many of them being
associated with us since our inception.

Our innovative solutions for the BFSI industry are built with a composable architecture,
enabling us to keep pace with the ever-evolving needs of our customers. This intent is reflected
in our financial performance as well. I am also delighted to share that we have recently been
awarded two patents for our first offline and online Financial Inclusion platform. It always gives
us so much joy to witness continuously increasing appreciation from our customers,
recognizing the business value derived on our IP and customer centricity,” said Mr. Vishnu R
Dusad, MD, Nucleus Software.

In the upcoming fiscal year, Nucleus Software will continue focusing on their commitment of
developing solutions and products for the Banking, Financial Services, and Insurance (BFSI)
sector, with a strong emphasis on delivering substantial value at a competitive price. The 
company will continue to focus on customer centricity, with the objective of catering to distinct
industry demands to effectively meet the evolving needs of our customers.

“Our journey through these three decades would not have been possible without the invaluable
support of our customers, who we value as our trusted partners. We extend our heartfelt
gratitude to our customers for their unwavering support and appreciation. They have played an
integral role in our growth journey, just as we have in theirs. We deeply appreciate their
recognition of the business value generated through our IP forged on Indian soil, and our
various innovative solutions. Moving forward, we will remain committed to assisting them in
their transformation and growth endeavors by delivering our cutting-edge solutions that set
industry standards,” Mr. Dusad further added.

In addition to bolstering our offerings and prioritizing customer satisfaction, Nucleus Software
places great importance on employee engagement and experience. This steadfast focus on
talent exemplifies our commitment to assembling and nurturing a highly skilled and devoted
team capable of propelling innovation, providing outstanding customer service, and sustaining
our company`s upward growth trajectory.

“We have successfully executed numerous implementations of our product suites in prominent
financial institutions, enabling them to embrace the digital-first era. We strongly believe in
nurturing young talent and providing them with opportunities to harness their full potential and
build domain expertise, which contributes to our collective success. It is so exciting to witness
our ex-Nucleites joining us back what we call as ‘Coming Home’. We are confident in our ability
to deliver innovative solutions and immense business value to our customers that drive a
paradigm shift in the financial services industry,“ said Mr. Parag Bhise, CEO of Nucleus

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.
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For Media related information, please contact:

Deepika Gulabani
Corporate Communications
Phone: +91-9910093430