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Nucleus FY05 PAT at Rs 20.75 cr

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CIOL Bureau
New Update

NEW DELHI: Nucleus Software has reported a 113.34 percent increase in profit after tax of Rs 20.75 crore for the year ended March 31, 2005 as against Rs 9.73 crore for the previous year. Consolidated revenue stood at Rs 103.14 crore for the year, up by 28.78 against Rs 80.09 crore for the previous year. The company added 18 new clients worldwide and 173 new employees during the year.






Nucleus reported 96.25 percent increase in profit for the quarter ended March 31, 2005 to Rs 8.54 crore against Rs 4.35 crore for the corresponding quarter previous year. The company's consolidated revenue increased by 36.35 percent to Rs 31.02 crore for the quarter ended March 31, 2005 against Rs 22.75 crore for the corresponding quarter previous year.





The company also announced that it would raise its headcount by 200 people by 2005 end. According to the press release, Nucleus will continue to focus on development of its niche banking solutions. The company will also continue to focus on globalization and broad-basing its business in various geographies, by creating adequate infrastructure/capacity and talent.





The company has recommended dividend at 25 percent (Rs 2.50 per share), on enhanced capital consequent to 1:1 bonus issue made during the year.




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