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Follow on Google News | Nucleus Software reports First Quarter FY2014 Financial resultsQ1 results shows positive momentum of organizational transformation initiatives registering 17% YoY Revenue growth
By: Gutenberg Commenting on the first quarter FY2014 performance, Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software, said “Encouraged by the strong execution of our teams, we have commenced this financial year with growth in revenue and EBITDA. The product business performed in line with expectations.I amconfident that our transformational initiatives in operations and human resources will pay significant returns and will empowerthe company for long-term growth.” Nucleus Software is making investments globally in strengthening its employee relationships while continuing to hire people in line with its growing business pipeline. In order to engage effectively with the global workforce, the company has embarked on a 360° Talent Management drive to build career differentiation opportunities for its people as well as rewarding talent. Furthermore, continuing to invest in growth, Nucleus Software’ FOR THE QUARTER APRIL – JUNE 2013 Consolidated results for the quarter ended June 30, 2013 · Revenue for the quarter stood at Rs. 86.32 crore from software products and solutions in comparison to Rs. 73.95 crore in the corresponding quarter of the previous year. · Product business revenue for the quarter was at Rs. 62.47 crore in comparison to Rs. 50.58 crore in the corresponding quarter of the previous year. · EBITDA for the quarter stood at Rs. 14.22 crore in comparison to Rs. 9.16 crore in the corresponding quarter of the previous year. · Net Profit after Tax (PAT) stood at Rs. 11.17 crore in comparison to Rs. 12.30 crore in the corresponding quarter of the previous year. · Earnings Per Share (EPS) for the quarter was reported at Rs. 3.45 in comparison to Rs. 3.80 in the corresponding quarter of the previous year. LIQUIDITY Cash and cash equivalents, including investments in debt schemes of mutual funds, fixed deposits with banksand tax free PSU bonds are atRs.284.23 croreas on June 30, 2013,as against Rs.222.80 crore as on June 30, 2012. BUSINESS HIGHLIGHTS For the first quarter ended 30th June, 2013: The company won 2 new productordersworldwide. Nucleus Software completed a total of 10 product modules implementations of FinnOneTM and Cash@WillTM suite across Europe, South East Asia, Latin America, and Middle Eastregions. With over 150 customers across the globe for the financial year ending FY2013, the company added a new customer in the first quarter of FY2014. During Q1 FY2014, Nucleus Software also showcased its award winning products at leading international events in Frankfurt, Amsterdam and Malaysia. About Nucleus Software Exports Limited: Nucleus Software is a leading software powerhouse providing innovative and pioneering software solutions for Banks and Financial organizations globally. Nucleus Software offers a host of competitive IT solutions and consultancy services designed to support the whole spectrum of business offerings across retail banking, corporate banking, cards and cash management. With over 150 customers across the globe, the company is consistently innovating with cutting edge and industry driven products in the domain. Nucleus Software is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit www.nucleussoftware.com FinnOne™ Media Contact: Puneet Khunger Puneet@gutenbergpr.com 9810191409 End
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