Nucleus net at Rs. 9.88 cr in Q2

NEW DELHI, INDIA: Nucleus Software Exports Limited, a provider of IT services, today announced its Q2 results for financial year 2009-2010.

It posted a net profit after tax (PAT) of Rs.. 9.88 crore in comparison to Rs.. 4.07 crore in the corresponding quarter of the previous year, said a press release.

It reported a consolidated revenue of Rs.. 70.75 crore for the quarter ending September 30, 2009, in comparison to Rs.. 75.46 crore in the corresponding quarter of the previous year.

With total expenses at Rs.. 58.80 crore in comparison to Rs.. 67.06 crore in the corresponding quarter of the previous year, the consolidated EBITDA is at Rs.. 11.95 crore in comparison to Rs.. 8.40 crore in the previous year.

For the half year ending September 30, 2009, consolidated revenue is at Rs.. 151.29 crore in comparison to Rs.. 158.35 crore in the corresponding half-year period in the previous year.

Net Profit after tax (PAT) is at Rs.. 20.01 crore in comparison to Rs.. 12.10 crore in the corresponding half-year period in the previous year.

Vishnu R Dusad, CEO and managing director, Nucleus Software said: “Our continued focus on our intellectual property led business and innovation in product development has augmented our capability to serve our clients in a competitive marketplace. Analyst firms like the Forrester recognized Nucleus Software among the top banking platform providers in Asia Pacific and Middle East.”

He added that they have also been recognized by Forrester as an industry vertical specialist in a study on a Tier 2 offshore service providers.

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