EFY Times  
Thursday, July 30, 2015

 
GO
 
 
Nucleus Software Announces FY 12 Results
 
Home >> Infotech >> Financials                                                                                PRESS RELEASE
 
Nucleus Software Announces FY 12 Results  
 
   
Rate this news:  (0 Votes)
Monday, April 30, 2012 Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209) today announced its results for the fourth quarter and year ended March 31, 2012. Nucleus Software's consolidated revenue for the year ended March 31, 2012 is at Rs. 282.25 crore in comparison to Rs. 270.48 crore in the previous year. The consolidated EBITDA is at Rs. 35.55 crore in comparison to Rs. 30.48 crore in the previous year. Net Profit after Tax (PAT) is at Rs. 35.34 crore in comparison to Rs. 26.34 crore in the previous year.






Consolidated revenue for the quarter ending March 31, 2012, is at Rs. 70.07 crore in comparison to Rs. 65.54 crore in the corresponding quarter of the previous year. The consolidated EBITDA is at Rs. 9.27 crore in comparison to Rs. 3.95 crore in the corresponding quarter of the previous year. Net Profit after Tax (PAT) is at Rs. 8.79 crore in comparison to Rs. 4.44 crore in the corresponding quarter of the previous year.

Highlights:

Financial Year Ended March 31, 2012

- Consolidated revenue at Rs. 282.25 crore from software products and software development services in comparison to Rs. 270.48 crore in the previous year.

- Product business revenue for the year at Rs. 204.99 crore in comparison to Rs. 193.57 crore in the previous year.

- EBIDTA at Rs. 35.55 crore in comparison to Rs. 30.48 crore in the previous year.

- Net Profit after Tax (PAT) at Rs. 35.34 crore in comparison to Rs. 26.34 crore in the previous year.

- Earning Per Share for the year at Rs. 10.91 in comparison to Rs. 8.13 in the previous year.

- Dividend recommended at 25 % (Rs. 2.50 per share), against 25% (Rs. 2.50 per share) previous year.

Quarter Ended March 31, 2012

- Consolidated revenue at Rs. 70.07 crore from software products and software development services in comparison to Rs. 65.54 crore in the corresponding quarter of the previous year.

- Product business revenue for the quarter at Rs. 50.40 crore in comparison to Rs. 48.92 crore in the corresponding quarter of the previous year.

- EBIDTA at Rs. 9.27 crore in comparison to Rs. 3.95 crore in the corresponding quarter of the previous year

- Net Profit after Tax (PAT) at Rs. 8.79 crore in comparison to Rs. 4.44 crore in the corresponding quarter of the previous year.

- Earning Per Share for the quarter at Rs. 2.72 in comparison to Rs. 1.37 in the corresponding quarter of the previous year.

Other Key Information

For the Financial Year Ended March 31, 2012

- 22 product order wins from across the globe

- 13 new customers added

- Won orders for 58 product modules

- 124 product modules of FinnOne™ Suite and Cash@WillTM suite successfully implemented

- Global strength of employees as on March 31, 2012 is 1656

For Quarter Ended March 31, 2012


- 6 product order wins from across the globe

- 3 new customer added

- Won order for 16 product modules

- 46 product modules of FinnOne™ Suite and Cash@WillTM suite successfully implemented

-

Key Highlights

- ‘Cash and Bank Balances’ and ‘Current Investments’ at Rs. 196.32 crore on March 31, 2012 against Rs. 187.51 as on March 31, 2011.

- 22 product orders won for implementing 58 product modules.

Commenting on the financial results, Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software, said: “We witnessed a year on year growth driven by good product sales and successful implementations across locations in FY12. Asian and Middle Eastern markets saw a great demand for our products.

In a situation where the financial institutions across the globe are facing macroeconomic and regulatory challenges, and are therefore extremely cautious in making investment decisions, an increasing demand for our solutions, gives us a boost to continue innovating and customizing technology for future client needs.

Against the backdrop of uncertainty, we are confident that the demand for solutions like our flagship product, FinnOne™ which offer the best return on investments, will only upsurge. We are optimistic about the organization’s performance and growth in FY13 and will continue leveraging our presence in the international markets to expand our client base.”

Accolades/Awards

Nucleus Software’s FinnOneTM has been ranked ‘World's No. 1 Selling Lending Software Product’ (for year 2011) and ranked fourth in global sales across all banking products by IBS Publishing, UK.
Annual Report and Accounts of the Company for year ended March 31, 2011, have been adjudged as the BEST under the Category XI – Service Sector (other than financial services sector, transport, shipping and shipping/port allied services(Turn over less than Rs. 500 crore) of the ‘ICAI Awards for Excellence in Financial Reporting’. Nucleus Software has won GOLD SHIELD for the fourth consecutive year.
Annual Report of the Company for the year ended March 31, 2011 has won the Platinum award under Technology-Software category and has been ranked fourth worldwide in the Top 100 Annual Reports in the Vision Awards by the League of American Communications Professionals (LACP).
South Asian Federation of Accountants (SAFA) has adjudged Nucleus' Annual Report as the recipient of ‘Certificate of Merit’ for the Best Presented Accounts and Corporate Governance Disclosures Award 2010 in the category ‘Communication & Information Technology’
Nucleus Software has been ranked amongst the Top 5 Companies for Best Corporate Governance Practices in India by IR Global Rankings 2011.

· New Client Wins:

Nucleus bagged 22 orders for implementing 58 product in the year 2011-12. Product orders were bagged from leading financial institutions across the globe. For the quarter, Nucleus has won 6 product orders for implementing 16 modules of FinnOne™ and Cash Management Suite.

Nucleus Software’s operational excellence, trust and accountability aided an easy win of new projects and clients over competitors across regions.

· Successful Global Implementations:

This year 124 product modules of FinnOne™ Suite and Cash@WillTM suite went live in various markets across the globe. Some of the implementations were completed in record time. A larger number of successful product implementations this year reaffirms Nucleus’ continued leadership in lending and retailing solutions for the financial sector.

· Liquidity

Cash and cash equivalents, including investments in liquid mutual funds and Fixed Deposits with Banks, as on March 31, 2012 was Rs. 196.32 crore against Rs. 187.51 crore as on March 31, 2011.



Print Email Post Comment 
(Total Views: 1665)
 
Share

 
 
Infotech News
   
Smartur 3D App Wins The Prestigious mBillionth Mobile Innovation Award South Asia 2015
Ozonetel Launches Speech Recognition On CloudAgent
Virtusa Announces First Quarter Fiscal 2016 Consolidated Financial Results
Bank of Bhutan Selects TCS BaNCS For Core Banking To Power Next Generation Banking Services
​New JDA Planogram Generator Client (myPG) Brings The Power Of Automated Planogram Generation To Individual Users
 
 
 
     
     
     
     
     
     
Most popular
 

Daily

Strontium Unveils Nitro Plus Nano 3.0; The World’s Smallest And Fastest USB Drive
element14 To Launch In Pune The Latest Technology Solutions From Freescale, Texas Instruments And TE Connectivity
Cooking Is A Breeze With LG’s New All-In-One Microwave Oven
Virtusa Announces First Quarter Fiscal 2016 Consolidated Financial Results
Dell Announced Dell SonicWALL TZ Wireless Firewalls Series
Altran Acquires SiConTech, One Of The Fastest Growing Indian Technologies Firm Specialised In Semiconductor Design Services
Qualcomm Becomes First Company To Enable Wireless Charging For Mobile Devices With Metal Cases
Mushkin Launches New ATLAS VITAL Family Of Solid-State Drives
Philips Lighting India Launches Modular Switches Campaign With Brand Ambassador Ranbir Kapoor
42V Quad Synchronous Step-Down DC/DC Converter Delivers 93 Per Cent Efficiency & Operates From 3V To 42V Inputs
 
   

Weekly

IBM To Release 50 Projects To The Open Source Community
GNU Founder Blesses Crowd Supply, A Hardware-Focused Crowdfunding Site
Five Things You Will Love About Windows 10!
LINE Introduces Lite App For Android ; Version Available In Google Play
Cancer Is Painful, But Its Detection Can Now Be Painless
In Fond Memory Of The Blue-Chip Scientist; Dr A.P.J. Abdul Kalam
Microsoft Launches Send App
WhatsApp Undergoes A Major Overhaul; Introduces New Range Of Features
Google Releases Kubernetes 1.0, Upgrades Its Open Source Container Deployment And Management Tool
Technology and Education:
Turtle Beach Corporation Announces New $15 Million Term Loan And Amendment Of Existing Subordinated Debt
YouTube To Enter The World Of Virtual Reality
Yahoo To Bring Back Its Flickr Service
Sony Unveils World's Slimmest 4K LED TV In India
Google Launches Spotlight Stories
Five Pointless Yet Awesome Linux Tricks
 
   

Overall

Features
Top Five Free CSS Editors For Linux
A good editor is all that programmer needs for web development!...
Five Pointless Yet Awesome Linux Tricks
Never thought command terminal will be entertaining? Try these 5 commands!...
Five Apps To Help You Relax
You can enjoy the sweet relief using these productivity apps!...
Seven Little-Known Facts About Bill Gates
The great philanthropist and Microsoft founder, Bill Gates has an interesting personality....
Five Things You Will Love About Windows 10!
Windows 10 launches on July 29, here are 5 things you will love about this desktop OS....
6 Programmers Working Hard To Revolutionise Technology
In today's tech dominant world, software developers have become celebrities and role models!...
7 Tricks Every Android User Must Know!
You can enjoy the new level of productivity and efficiency by following some simple tips of Android....
9 Cool Features On Google You Didn't Know About
For all those who didn't know about it, Google Art Project allows indivduals to view artifacts from more than 600 international gallaries, present acr...
Top Four New iPhone Apps
Download these apps on your iPhone or iPad and make your life easier....
Top 5 Project Management Certifications
Everything in IT can be considered as a project. The role of a project manager is a very responsible one, for any IT-related project ...
5 Tips About HTML5 That Can Change Your Life
Internet has come a long way with HTML5. The evolution of HTML has added a rich browsing experience to HTML....
Top 10 Useful Tools For Designers And Developers
Tools and apps have long been an important part of designing and development....
5 Gmail Features You May Not Have Heard Of!
Google's email service packs many hidden features....
Top 5 Upcoming Tech Product Launches
Here are 5 exciting new tech products that will launch before the end of the year...
Six Organisations That Secretly Run The Internet!
Find out who is behind the giant wheel of the internet!...
 
  View All
Dialogue
 
“We Offer Managed Document Solutions To CIO And IT Decision Makers”: Canon
Manufacturing within the country will surely reduce the cost of our devices, but manufacturing can begin only if there is the desired eco-system and w...
“One Day The End User Can Open Up A Used Battery, And Use What’s Inside As Barbecue Sauce”
Of course that is not something currently possible, but what B&B Batteries does have are some secret recipes for their very specialised battery design...
We Wish To Procure All The LED Components Within India: Avni Energy
G. Gururaja, director, Avni Energy Solutions Pvt Ltd, shares his views about the expanding LED industry in the Indian market and the company's plans i...
We Have Registered 50 Per Cent Growth In The Last Two Years: Arihant Lighting
Apart from LEDs, Arihant is associated with the promotion of renewable energy in India and therefore, manufactures various energy saving products....
“Elcom Plans To Build A New State Of The Art R&D And Manufacturing Unit In Maharashtra", Reveals MD Girish V Vaze
Starting out as a small business to cater to the industry’s need for import substitutes, Elcom International has grown to be a leader in the field of ...
   
  View All
Videos
 
First Look: LG Optimus G
The phone sports a high-end display and comes powered by a powerful processor. ...
Create QR-Codes For Free
TEC-IT releases the freeware QR-Code Studio to provide a quick and convenient way of QR code creation for every application scenario....
DoT Secretary Shares Plans For Growth Of Telecom Sector
M.F. Farooqui has recently taken charge as secretary, Department of Telecom....
Hands-On: Sony Xperia Z
Xperia Z is Sony's first entrant model in the big-screen smartphone category. ...
Hands On: Videocon A30 Smartphone
Videocon, the consumer electronics company which is known for its refrigerators, washing machine and air-conditioner has unveiled its Android-based sm...
   
View All
   
 
IFA 2014
 
IFA 2014: LG Launches 34-Inches Curved Monitor
The company is yet to confirm price and availability of the device....
IFA 2014: Intel Launches First Core M Range Of Processors
This range of processors is tailor-made for 2-in-1 devices which include a tablet and a laptop....
MWC 2014: Tablet Lets People Feel Textures On Its Screen
Now feel what you see on your tablet, by way of ultrasonic waves....
MWC 2014: 4K Android Tablet Games To Kill Consoles, iPad
Tablet makers like Samsung want to beat the iPad by making 4K tabs. ...
MWC 2014: This Vodafone Backpack Helps Get Network In Disaster Situations
Two engineers of Vodafone New Zealand displayed the "mini" mobile network by Vodafone substructure in a backpack. ...
MWC 2014: Wilocity Chipset To Bring 'Lightening' Speed To Mobile Phones
Wilocity has developed a WiGig chipset for mobile phones that will bring lightning-fast wireless capability ...
MWC 2014: Samsung Introduces Octacore, Hexacore Chipsets
The Korean giant, Samsung unveiled two new octacore and hexacore chipsets at MWC 2014, in Barcelona. The company previously used Exynos 5 Octa 5410 ch...
   
View All
   
 
Events
 
19th Consumer Electronic Imaging Fair To Be Held On ...

View All
   
   
 
 

home archives contact us advertise with us
           
Magazines Portals Directories Events News Verticals Educational Institute  
Electronics for You
Open Source for You
Electronics Bazaar
electronicsforu.com
efytimes.com
opensourceforu.com
electronicsb2b.com
Electronics Annual Guide
EFY EXPO INDIA
EFY EXPO WEST
ELECTRONICS ROCKS
EFY Awards
OSIDAYS Expo
Electronics
Infotech
Linux & Open Source
Consumer Electronics
Science & Technology
BPO
EFY Techcenter

Educational Kits
Kitsnspares.com  
 
 
© Copyright 2015 EFY Enterprises Pvt. Ltd.
All rights reserved. Reproduction in whole or in part in any form or medium without written permission is prohibited.
Usage of the content from the web site is subject to Terms and Conditions