Nucleus Software Exports Limited Reports Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2018
July 17, 2018 at 11:02 pm EDT
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Nucleus Software Exports Limited reported unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2018. For the quarter, on consolidated basis, the company reported income from software products and services of INR 1,126.1 million against INR 943.2 million a year ago. Profit from operations before depreciation was INR 183.0 million against INR 101.8 million a year ago. Profit from operations after depreciation was INR 165.6 million against INR 84.1 million a year ago. Earnings per share basic and diluted (not annualized) were INR 6.06 against INR 3.56 per share a year ago. Profit before tax was INR 234.9 million against INR 160.1 million a year ago. Profit was INR 175.9 million compared to INR 115.1 million a year ago.
For the quarter, on standalone basis, the company reported income from software products and services of INR 920.5 million against INR 757.7 million a year ago. Profit before tax was INR 345.1 million against INR 259 million a year ago. Profit was INR 278 million compared to INR 225.3 million a year ago. Earnings per share basic and diluted (not annualized) were INR 9.57 against INR 6.96 per share 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, 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.