Nucleus Software Maintain Steady Growth Momentum through its Robust Products in the Second Quarter of Fiscal Year 2023-24
Nucleus Software announced its financial results on November 9, 2023, for the second quarter ended on September 30, 2023.
The revenues on a consolidated basis are at Rs. 205.3 Crore for the quarter ended 30th Sept 2023 as against Rs. 130.09 Crore in Q2 of FY 2022-23. The PAT on a consolidated basis is at Rs. 44.6 Crore, as against Rs. 11.03 Crore in Q2 of FY 2022-23. PAT on a standalone basis is at 42.11 Crore, as against Rs. 11.84 Crore in Q2 of FY 2022-23. The EPS on a consolidated basis during this period is at Rs. 16.65 as against Rs. 4.12 in Q2 of FY 2022-23. The EPS on a standalone basis during this period is at Rs. 15.73 as against Rs. 4.42 in Q2 of FY 2022-23.
“Our financial performance in the second quarter clearly demonstrates our solid dedication to delivering outstanding value to our esteemed customers. Our crystal clear focus on ensuring our platforms are robust to manage the volumes, scale and integration capabilities that our customers demand has clearly made us the leaders in lending and transaction banking technology space. Robust platforms ensure every penny is safe and accounted for and this is an extremely critical value. With robust platforms and customer-centricity as the cornerstone of our operations, we have been delivering cutting-edge IP products and platforms that empower our customers to cater to the escalating demand for heightened digitization within the intricately regulated BFSI sector. Recognizing the substantial growth opportunities within the dynamic financial services sector, we are enthusiastic about our potential to significantly influence its future trajectory.”, says Mr. Vishnu R Dusad, MD, Nucleus Software.
At Nucleus Software, our focus is on delivering significant value and innovative technology products and platforms that enable complete digitization with robust operations, zero downtime and easy scalability. We understand the diverse demands of the BFSI industry and prioritize customer requirements above all else. Our commitment lies in providing cutting-edge technology; with 520+ APIs we ensure all our customers have seamless and secure access to the ever evolving financial ecosystem. We are dedicated to enhancing customer experience and expanding our global footprint in the forthcoming quarter.
“Our steadfast dedication to innovation allows us to adapt to the swiftly evolving financial environment. We have seen more than three decades of innovation and change in the technology landscape of financial services and this experience helps us keep ahead of the innovation curve by enabling team members with profound domain knowledge and strong technical skills. We serve as expert consultants guiding our customers to adopt best fit solutions that create the desired impact, empowering them to compete effectively in this fiercely competitive space.”, says Mr. Parag Bhise, CEO, Nucleus Software.
