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Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, sees lower attrition and steady growth in its financials while announcing its Q2 results (2022-23)
- ➢ Revenue in Q2 2022-23 at 130.09 Crore on a consolidated basis
- ➢ PAT in Q2 2022-23 at Rs. 11.03 Crore on a consolidated basis
- ➢ EPS at Rs. 42 on a standalone basis and Rs. 4.12 on a consolidated basis
Nucleus Software, the BSE & NSE listed, leading provider of lending and transaction banking solutions to the global financial services industry, sees lower attrition and steady growth in its financials while announcing its financial results for the Quarter ended September 30, 2022.
The revenues on a consolidated basis, the revenues are at Rs. 130.09 Crore for the quarter ended September 30, 2022, as against Rs. 114.12 Crore in Q2 of 2021-22.
PAT in Q2 of 2022-23 stood at Rs.11.84 Crore on a standalone basis as against Rs. 8.51 Crore in Q2 of 2021-22. The PAT on consolidated basis was at Rs. 11.03 Crore, as against Rs. 8.58 Crore in Q2 of 2021-22.
The basic EPS on standalone basis during this period was Rs. 4.42 as against Rs. 2.93 in 2021-22. The EPS on consolidated basis stood at Rs. 4.12 in Q2 of 2022-23 as against Rs. 2.95 in Q2 of 2021-22.
“As the world undergoes economic uncertainty, we are placed with unique opportunities as a Fintech player that helps institutions increase their operational efficiency. Our attrition rate this quarter is the lowest it has been in multiple quarters owing to the steadiness in our business model. This dip in attrition is also in line with how the market is responding to the global situation.”, says Mr. Vishnu R Dusad, MD, Nucleus Software.
“We are geared up to support the growing requirement for increase in digitization and automation with our world class IP products in the heavily regulated BFSI space.”, says Mr. Parag Bhise, CEO, Nucleus Software.
About Nucleus Software
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 300,000 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 Media related information, please contact:
Sunil Kumar Singh / Kiran Hans Khowal
Finese PR
Email: nucleus@finesepr.comPhone: +91-9818363518 | +91-8375969143
