Nucleus Software announces Q1 FY 12 Results

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Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), announced Q1 results for the financial year 2011-12.

New Delhi, India, July 25, 2011: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), announced Q1 results for the financial year 2011-12.

Nucleus Software consolidated revenue for the quarter ending June 30, 2011, is at Rs. 64.27 crore in comparison to Rs. 66.14 crore in the corresponding quarter of the previous year. With total expenses at Rs. 58.79 crore in comparison to Rs. 61.42 crore in the corresponding quarter of the previous year, the consolidated EBITDA is at Rs. 5.48 crore in comparison to Rs. 4.71 crore in the previous year. Net Profit after Tax (PAT) is at Rs. 5.03 crore in comparison to Rs. 5.29 crore in the corresponding quarter of the previous year.

Highlights

Quarter Ended June 30, 2011
- Consolidated revenue at Rs. 64.27 crore from software products and software development services in comparison to Rs. 66.14 crore in the corresponding quarter of the previous year.
- Product business revenue for the quarter at Rs. 47.08 crore in comparison to Rs. 42.95 crore in the corresponding quarter of the previous year.
- EBITDA at Rs. 5.48 crore in comparison to Rs 4.71 crore in the corresponding quarter of the previous year.
- Net Profit after Tax (PAT) at Rs. 5.03 crore in comparison to Rs. 5.29 crore in the corresponding quarter of the previous year.
- Earning Per Share for the quarter at Rs. 1.55 in comparison to Rs. 1.63 in the corresponding quarter of the previous year.

Other Key Information

For the Quarter Ended June 30, 2011
- Won 6 new product orders worldwide
- 2 new customers added in the quarter
- Won orders for 11 product modules of FinnOne™ and Cash@WillTM Suite
- 23 product modules successfully implemented across the globe
- Global strength of employees as on June 30, 2011 is 1638
- Forrester recognized Nucleus as a “Global Pursuer” and stated it “regained traction in 2010”. Based on the number of deals and regions covered, Nucleus was ranked among top Banking Platform providers. Source: Global Banking Platform Deals 2010, Forrester Research, Inc., 31 March 2011
- Forrester accredited Nucleus Software with the highest number of lending deals in 2010.
- Nucleus Software announced Strategic Partnership with Wipro

Vishnu R. Dusad, CEO and Managing Director, Nucleus Software said,
“At Nucleus Software we have enriched our portfolio of services and products during our operations in the last 25 years and offer better value proposition to our clients and stakeholders. We have bagged some valuable projects this quarter based our strength and ability to innovate and customize products. We are glad to have received acknowledgements for our contributions and value additions from the industry in this quarter. “

Expansion of services and significant projects

• New Client Wins
Nucleus bagged 6 new product orders and acquired 2 new customers for implementing 11 product modules of the FinnOne™ and Cash@WillTM Suite in the first quarter of year 2011-2012.

• Successful Global Implementations
This quarter 23 product modules went live in various markets across the globe. Some of the implementations were completed in record time. This further gave increased visibility to Nucleus in the global markets, and reaffirmed its standing in the global lending and cash management space.