Nucleus Software reports 68% revenue growth in Q3

DQW Bureau
02 Feb 2002

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.

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