Nucleus Software announces Q1 FY 12 Results

Nucleus Software has announced Q1 results for the financial year 2011-12.Nucleus Software consolidated revenue for the quarter ending June 30, 2011, is at Rs.  64.27 Crore in comparison to Rs. 66.14 crore in the corresponding quarter of the previous year. With total expenses at Rs. 58.79 crore in comparison to Rs. 61.42 crore in the corresponding quarter of the previous year, the consolidated EBITDA is at Rs. 5.48 crore in comparison to Rs. 4.71 crore in the previous year. Net Profit after Tax (PAT) is at Rs. 5.03 crore in comparison to Rs. 5.29 crore in the corresponding quarter of the previous year.

Vishnu R. Dusad, CEO and MD, Nucleus Software said, "At Nucleus Software we have enriched our portfolio of services and products during our operations in the last 25 years and offer better value proposition to our clients and stakeholders. We have bagged some valuable projects this quarter based our strength and ability to innovate and customize products. We are glad to have received acknowledgements for our contributions and value additions from the industry in this quarter. "

Nucleus bagged 6 new product orders and acquired 2 new customers for implementing 11 product modules of the FinnOneT and Cash@WillTM Suite in the first quarter of year 2011-2012.