Nucleus Software Announces Q2 2021-22 Results; Continues to Invest in Talent and Future Growth Areas

Well capitalised business  *Ample liquidity  *Growing customer franchise

• Revenues in Q2 2021-22 at Rs.114.12 Crores on a consolidated basis.
• PAT in Q2 2021-22 at Rs. 8.58 Crores on a consolidated basis.
• EPS at Rs.2.93 on a standalone basis and Rs.2.95 on a consolidated basis.
• Customer satisfaction continues to soar at 9.5 on 10.

Delhi, November 12, 2021: 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 today for the quarter ended September 30, 2021. Reinforcing their commitment to drive the digital transformation of the BFSI industry, the company is continuing to invest heavily in talent and futuristic technologies to ensure long term growth.

Highlights of the Quarter Ended September 30, 2021

• Revenue at Rs. 114.12 crores, 5% growth on the sequential quarter.
• Operating Margin at 4.1%; an improvement of 2.76% over the previous quarter.
• Net Income at Rs. 8.58 crores, as compared to Rs. 6 crores in the previous quarter.

Commenting on the quarter results, Mr. Vishnu R Dusad, Managing Director, Nucleus Software, said: “With the aggressive vaccination drive conducted by the government, we are witnessing the return of normalcy, optimism and confidence across businesses. At Nucleus, we are focused on strengthening our actions and investments in emerging technologies, expansion in newer territories and market segments, and building value propositions for our people to create a stronger and better future together. With the support of our experienced team and customised products and solutions, we will harness the opportunities available in the industry and achieve newer heights. ”

Mr. Parag Bhise, Chief Executive Officer, Nucleus Software, said: “Q2 FY22 has been a quarter of continuous advancement in line with our strategy to emerge as a fully future-ready organisation. We have made significant investment in digital growth and our technological advancements along with our most valuable asset – our people. We had some major client wins across all categories, reflecting strong demand and relevance of our offerings in the market. Our robust pipeline and continued strong employee ramp up will help us build a sustainable pathway to create longer term value for all our stakeholders. ”

Q2 Segment Highlights

Markets:

• India continues to be one of the priority markets followed by the Middle East. The company is also witnessing demand across EU, LATAM and SEA markets.

Products:
BNPL:

• In-talks with 8 customers and getting inquiries from existing customers & new prospects.
• Undertaken extensive research and design thinking to create solutions for BNPL platform for seamless customer experience.
• Expect at least 20-30% of our customers to roll out their BNPL offerings on FinnOne Neo® platform.

FinnOne Neo®:

• Issued 14th release edition for FinnOne Neo®, GA 6.0.

FinnAxia®:

• Aditya Birla Finance Limited went business live with Financial Supply Chain Management module in Aug’21.

Q2 Strategic wins:

• Opel Vauxhall Finance went live in Spain with Nucleus Software’s flagship lending product, FinnOne.
• Nucleus Software’s FinnOne Neo® to power South Indian Bank’s retail lending landscape.
• Nucleus Software’s FinnOne Neo® powers TPBank Vietnam’s TPFinance (TPFico) for digital consumer finance.
• Bank of Sydney appoints Nucleus Software and their flagship lending solution FinnOne Neo® to accelerate their digital lending transformation.

People first approach:

• Our goal for the current year is to hire 500 employees.
• Employee friendly organization — More than 20% of our current employee strength has been with Nucleus for over 10+ years and 8% for over 15 years. This gives us a unique advantage in delivering benchmark customer satisfaction scores while offering an aggressive career pathing for our people. Increased our tie-ups with B-schools to hire fresh and quality talent.
• Upskilling existing talent; ~170 new trainees have joined Nucleus School of Banking Technology till date.

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 delivers disruptive Fintech Solutions to 200+ Banks and Financial Institutions across 50 countries supporting Retail Lending, Corporate & SME Finance, Islamic Finance, Automotive Finance, Captive Automotive Finance, Cash Management, Mobile & Internet Banking, Transaction Banking and more. Our solutions manage over $15 trillion value of yearly transactions, with over 26 million transactions each day through our globally integrated transaction banking platform. Our lending platform manages $1.2 trillion+ value of loans globally, while enabling 500,000+ users to log in daily.

Our Flagship Products FinnOne Neo® and FinnAxia® are backed by more than 4 decades of BFSI domain expertise and an inbuilt AI powered platform to realize the digital transformation goals of FIs worldwide.

1. FinnOne Neo®: The next-generation digital lending platform, designed to revolutionize the lending process. FinnOne Neo® is built on an advanced technology platform, empowering financial institutions to streamline their lending operations, enhance customer experiences, and drive business growth.
2. FinnAxia®: An integrated global transaction banking suite, trusted by banks worldwide to optimize their transaction banking processes. With FinnAxia®, financial institutions can efficiently manage their cash management, trade finance, liquidity management, and other transaction banking activities on a single platform, thereby improving operational efficiency, visibility, and enhancing client relationships.
3. Nucleus Software Digital Services: Our comprehensive suite of services is tailored to assist banks and financial institutions in their digital transformation journey and maintain an optimal technology infrastructure. Through Nucleus Software Digital Services, we offer a holistic approach to digital transformation, enabling organizations to deliver seamless customer experiences, achieve operational and cost efficiencies, and gain actionable insights to drive strategic decision-making.

These offerings collectively underline Nucleus Software’s commitment to driving innovation and empowering financial institutions to thrive in an increasingly digital world.

For Media related information, please contact:
Deepika Gulabani
Corporate Communications
Email: deepika.gulabani@nucleussoftware.com
Phone: +91-9310334963