Nucleus Software reports 68% revenue growth in Q3

DQW Bureau
New Update


Nucleus Software Exports, a global player in banking automation and

innovative products and software solutions, has reported 68 percent growth rate

in the quarter ended 31 December 2001, over the corresponding quarter last year,

with a total revenue of Rs 17.07 crore for the quarter.

The total revenue for Q3 2001-02 is Rs 17.07 crore, a growth rate of 68

percent over the corresponding quarter of the last financial year, post tax

profits of Rs 3.65 crore, revenues from exports for the quarter - Rs 14.22 crore

and domestic revenues - Rs 2.46 crore.

The company also launched its flagship product - FINNONE - a one stop

end-to-end solution for the banking and finance sector. The company also opened

its branch office in London, UK as part of European expansion plans and added 10

clients this quarter, taking its total active client base up to 60. It also

achieved SEI CMM Level 3 in the quarter.

The outlook for the quarter ending 31 March, 2002 includes a projection of Rs

22 crore for Q4 and income from exports is to be 75 percent.