Consolidated revenue for the third quarter of FY 15 is at Rs. 86 crore in comparison to Rs. 90 crore in the corresponding quarter previous year. Revenue for the first nine months of FY 2015 is at Rs. 252.2 crore, against Rs. 258.5 crore in the corresponding period of FY 2014.

Commenting on the Company’s performance, Mr. Vishnu R. Dusad, CEO, Nucleus Software, said, “The last quarter ended on a positive note for us. We ventured into new strategic markets, creating opportunities for the Company to increase its client base and initiatives. Building new customer relationships and strengthening the old ones has been key to our growth and that’s what we focused on in the last few quarters.  We are very positive about the upcoming year and the opportunities it brings along. We are looking forward to an exciting year ahead.”

The last quarter has seen Nucleus Software bring in additions to the senior management team as part of its transformation journey.  Rahul Krishna has joined the company as Global Head of Human Resources with a proven record of success in implementing HR strategies supporting transformation across varied industries. Mohammad Shamim joined Nucleus Software with 25 years of deep experience and insights in growing and managing large business teams. As Senior Vice President of Sales for India, Middle East and Africa, Shamim will drive customer experience and satisfaction in these growing regions. Daragh O’Byrne joins as Global Head of Marketing with over 20 years of in- depth product and global markets expertise to strengthen Nucleus Software’s global marketing activities.

Financial Highlights

Consolidated results for the quarter ended 31st December, 2014

• Revenue at Rs. 86 crore from software products and software development services in comparison to Rs. 90 crore in the corresponding Q3 of the previous year.
• Product  business  revenue  at  Rs.  62  crore  in  comparison  to  Rs.  61.4  crore  in  the corresponding Q3 of the previous year.
• EBIDTA at Rs. 15 crore in comparison to Rs. 19.4 crore in the corresponding Q3 of the previous year.
• Net  Profit  after  Tax  (PAT)  at  Rs.  19.6  crore  in  comparison  to  Rs.  23.4  crore  in  the corresponding Q3 of the previous year.
• Earnings Per Share at Rs. 6.0 in comparison to Rs. 7.2 in the corresponding Q3 of the previous year.

Consolidated results for the Nine month period ended 31st December, 2014

• Revenue at Rs. 252.2 crore from software products and software development services in comparison to Rs. 258.5 crore in the corresponding period of the previous year.
• Product  business  revenue  at  Rs.180.2  crore  in  comparison  to  Rs.  178.8  crore  in  the corresponding period of the previous year.
• EBIDTA at Rs. 40.7 crore in comparison to Rs. 46.5 crore in the corresponding period of the previous year.
• Net  Profit  after  Tax  (PAT)  at  Rs.  44.1  crore  in  comparison  to  Rs.  45.5  crore  in  the corresponding period of the previous year.
• Earnings Per Share at Rs. 13.6 in comparison to Rs. 14.0 in the corresponding period of the previous year.

LIQUIDITY

Cash and cash equivalents, including investments in debt schemes of mutual funds, fixed deposits with banks and tax free PSU bonds are at Rs. 327.1 crore as on 31st December, 2014, as against Rs. 299.4 crore on 31st December, 2013.

BUSINESS HIGHLIGHTS

For the quarter ended 31st December, 2014:

• The third quarter of FY 2015 saw a total of 2 product module implementations successfully going live across the globe
• The Company won 1 new product order worldwide

For the Nine months ended 31st December, 2014:

• Won 7 new product orders worldwide
• 1 new customer added
• 10 product modules successfully implemented across geographies

The global strength of employees at Nucleus Software as on 31st December, 2014 stands at 1513 against 1532 as on 31st December, 2013.