NEW DELHI: Nucleus Software Exports Ltd., a global player in banking
automation and innovative products and software solutions, has reported 68 per
cent growth rate in the quarter ended December 31, 2001, over the corresponding
quarter last year, with a total revenue of Rs 17.07 crore for the quarter.
Major highlights of the quarter are:
Total revenue for Q3 2001-02 is Rs 17.07 crore, a growth rate of 68 per cent
over the corresponding quarter of last financial year, Post tax profits of Rs
3.65 crore, Revenues from exports for the quarter - Rs 14.22 crore and Dometic
revenues - Rs 2.46 crore.
The company also launched its flagship product - FINNONE - a one stop
end-to-end solution for the banking and finance sector. The company also opened
its branch office in London, UK as part of European expansion plans and added 10
clients this quarter, taking its total active client base up to 60. The company
also achieved SEI CMM Level 3 in the quarter.
The outlook for the quarter ending March 31, 2002 includes total revenues for
Q4 are expected to be Rs 22 crore and Income from exports is expected to be 75
per cent.
Commenting on the company's good performance, Nucleus Software Exports
managing director, Vishnu Dusad said, "Despite the challenging market
conditions, the excellent performance of Nucleus Software in this quarter once
again reinforces the success of our business model to focus on creating
intellectual property for the growing global banking and finance sectors. With
the launch of our new integrated suite of software products - FINNONE, we hope
to achieve larger market share in this segment in next quarters. "We will
also continue to expand our operations in Asia, Australia, Japan and European
markets", added Dusad.