Nucleus Software full year profits soar

Source: Nucleus Software Exports Limited

Nucleus Software Exports Limited, a leading global software product and solutions company delivering consistent value to mission critical business processes of banking and financial services sector, today reported its consolidated results for the financial year ended March 31st, 2014.

Commenting on the company's performance, Mr. Vishnu R. Dusad, CEO, Nucleus Software, said, "FY14 has been a remarkable year for Nucleus Software. We continued our focus on product innovation and organizational transformation. Some of the highlights this year were the recent launch of our integrated transaction banking product suite FinnAxiaTM, geographical expansion into new markets like Australia and talent acquisition at various levels. As a result, we have registered revenue and profitability growth throughout FY14. To sustain this growth momentum, we will continue investing in new products, market expansion and integrated talent development in FY15. In the year to come, customer centricity will continue to be a key driver in Nucleus Software's commitment to deliver value and growth".

CONSOLIDATED REVENUE FOR THE YEAR ENDED MARCH 31, 2014

  • Revenue for FY 14 stood at Rs. 346.22 crore, a Y-o-Y growth of 18%, from software products and solutions in comparison to Rs. 293.76 crore in the previous year
  • Product business revenue for the year at Rs. 237.96 crore in comparison to Rs. 197.68 crore in the previous year
  • EBIDTA at Rs. 66.58 crore in comparison to Rs. 45.90 crore in the previous year
  • Net Profit after Tax (PAT) stood at Rs. 64.34 crore in comparison to Rs. 45.17 crore in the previous year, a Y-o-Y growth of 42%
  • Earnings Per Share (EPS) for the year at Rs. 19.87 in comparison to Rs. 13.95 in the previous year
  • A final dividend has been recommended at 30% (Rs. 3.00 per share) against 30% (Rs. 3.00 per share), in the previous year. The Board also recommended a special dividend of 30% (Rs. 3.00 per share) on account of completion of 25 years of the Company
  • Cash and cash equivalents, investments in debt schemes of mutual funds and tax free PSU bonds are Rs. 322.50 crore as on March 31, 2014, as against Rs. 266.91 crore as on March 31, 2013

CONSOLIDATED RESULTS FOR THE QUARTER ENDED MARCH 31, 2014

  • Consolidated revenue at Rs. 87.69 crore from software products and software development services in comparison to Rs. 73.44 crore in the corresponding quarter of the previous year
  • Product business revenue for the quarter at Rs. 59.12 crore in comparison to Rs. 49.61 crore in the corresponding quarter of the previous year
  • EBIDTA for the quarter at Rs. 20.10 crore in comparison to Rs. 12.26 crore in the corresponding quarter of the previous year
  • Net Profit after Tax (PAT) increased to Rs. 18.84 crore from Rs. 10.45 crore in the corresponding quarter of the previous year
  • Earnings Per Share (EPS) for the quarter at Rs. 5.82 in comparison to Rs. 3.23 in the corresponding quarter of the previous year

BUSINESS HIGHLIGHTS

  • Nucleus Software successfully launched the integrated transaction banking product suite, FinnAxiaTM in Singapore. This functionally rich, market ready product suite has been tested globally and has successfully delivered business value.
  • Expanding its global foot print, Nucleus Software entered into the major financial hub, Australia, through a wholly owned subsidiary.

Full results available here. 

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