January 29, 2021
New Delhi, India, Jan 29, 2021: Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced its financial results for the quarter and nine months ended 31st December, 2020.
Consolidated revenue for the third quarter of FY21 is at Rs. 124.0 crore compared to Rs. 130.3 crore in Q3 of the previous year. Revenue for the first nine months of FY21 is at Rs. 389.4 crore, against Rs. 382.6 crore in the corresponding nine months of FY20.
Mr. RP Singh (CEO, Nucleus Software) said, “Our number 1 priority continues to be helping our customers successfully execute their digital transformation programs, while delivering tremendous value to their business. I am proud to report that, during the quarter, we added 3 new customers and our solutions were successfully implemented by 9 financial institutions worldwide. In addition, we launched the latest version of our award winning digital lending platform – FinnOne Neo 5.5, which is designed specifically to help lenders rapidly expand business operations and generate new digital revenue streams by targeting new customer segments. We were also delighted to win the ‘Best Technological Innovation in Payments (B2B) award’ for FinnAxia at the Seamless Middle East 2020 in Dubai. We launched the latest version of our integrated global transaction banking solution – FinnAxia 7.5 to help banks increase corporate supply chain resiliency in the Covid-19 world. I am proud to report that our digital cash solution – PaySe, has been selected by the Reserve Bank of India (RBI) for inclusion in India’s first Regulatory Sandbox on retail payments. PaySe is one of only 2 solutions that were ready to immediately start testing under the program”.
“I am happy to share that the Board of Directors has appointed Parag Bhise as the new Chief Executive Officer effective from April 1, 2021 as I retire having reached my retirement age. I will continue as an Executive Director of the Company. Anurag Mantri (Additional Executive Director) has been appointed as the Chief Financial Officer with immediate effect. Both Parag and Anurag have been with Nucleus Software for more than two decades, and I am certain that under their leadership Nucleus will continue to focus on what it does best – helping our customer succeed by developing innovative technologies”, he further added.
Consolidated results for the Quarter ended 31st December, 2020
Consolidated results for the nine months ended 31st December, 2020
Cash and cash equivalents, including investments in debt schemes of mutual funds, fixed deposits with banks, tax free bonds and preference shares are at Rs. 673.3 crore as on 31st December, 2020, as against Rs. 531.9 crore on 31st December, 2019.
Nucleus Software Exports Ltd. is a publicly traded (BSE: 531209, NSE: NUCLEUS), software product company that provides lending and transaction banking products to global financial leaders.
Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 500 billion of loans and enabling more than 500,000 users logging in daily.
Nucleus Software’s flagship products, built on the latest technology are:
FinnOne NEO™ : The next-generation digital lending solution that is built on an advanced technology platform.
FinnAxia™ : An integrated global transaction banking solution used by banks worldwide.
PaySe™ : The world’s first online & offline digital payment solution created with an aim to democratize money.
For more information, please visit : https://www.nucleussoftware.com