Nucleus Software Exports Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Half Year Ended September 30, 2018
October 25, 2018
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Nucleus Software Exports Limited announced unaudited consolidated earnings results for the second quarter and half year ended September 30, 2018. For the quarter, the company reported total income from operations was INR 1,214.9 million against INR 1,004.5 million a year ago. Profit before taxes was INR 246.7 million against INR 201.5 million a year ago. Profit after taxes was INR 191.4 million against INR 156.6 million a year ago. Basic earnings per share was INR 6.59 against INR 4.93 a year ago.
For the half year, the company reported total income from operations was INR 2,341.0 million against INR 1,947.7 million a year ago. Profit before taxes was INR 481.6 million against INR 361.7 million a year ago. Profit after taxes was INR 367.3 million against INR 271.8 million a year ago. Basic earnings per share was INR 12.65 against INR 8.47 a year ago.
Nucleus Software Exports Limited is a provider of lending and transaction banking products to the financial services industry. The Company is engaged in the business of development and marketing of software, product, and software services for business entities in the banking and financial services (BFS) vertical having its operating units located in Noida, Uttar Pradesh. It operates in seven geographical segments: India, Far East, Southeast Asia, Europe, Middle East, Africa, and Australia. Its two flagship products include FinnOne Neo and FinnAxia. FinnOne Neo suite is an end-to-end solution for lending businesses. FinnAxia suite offers an enterprise solution for the transaction banking operations of corporate banks. It provides various lending's, such as FinnOne Neo retail lending, FinnOne Neo corporate lending, FinnOne Neo digital channels, and Nucleus lending analytics. Its transaction banking includes advisory services and FinnAxia cash and liquidity management.