Nucleus Software net profit at Rs451.7mn

Nucleus Software Exports Limited, a leading global software product and solutions company,  reported its consolidated results for the financial year ended March 31 2013. With decades of experience, the company is a leading global banking software powerhouse providing innovative and pioneering products and software solutions.
 
Commenting on the performance of fourth quarter and fiscal FY2013, Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software, said “FY2012 -13 has been a significant year for Nucleus Software. Our customer base in 50 countries and focus on domain-rich expertise has helped sustain the company’s improved performance. Going forward, we will be focusing on consolidating our global leadership position through customer centricity, market penetration and new platform initiatives such as mobility.”
 
Revenue for FY 13 stood at Rs. 293.76 crore, a Y-o-Y growth of 4.08%.

Net Profit after Tax (PAT) stood at Rs. 45.17 crore in comparison to Rs. 35.34 crore in the previous year, a Y-o-Y growth of 27.82%

Dividend has been recommended at 30% (Rs. 3.00 per share) against 25% (Rs. 2.50 per share), in the previous year.

Nucleus Software successfully implemented FinnOne™ at Toyota Financial Services India Limited in June 2012, a collaborative effort enabling smooth management of Toyota Financial Services India’s lending operations including loan origination, management and collections.                                                             

Expanding its global foot print, Nucleus Software entered into new major financial hubs of South Africa and Switzerland, further consolidating its position as the global leader.

Commenting on the performance of fourth quarter and fiscal FY2013, Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software, said “FY2012 -13 has been a significant year for Nucleus Software. Our customer base in 50 countries and focus on domain-rich expertise has helped sustain the company’s improved performance. Going forward, we will be focusing on consolidating our global leadership position through customer centricity, market penetration and new platform initiatives such as mobility.”