Nucleus Software announces Q2 2021-22 results

Nucleus Software

Nucleus Software, the BSE & NSE listed, leading provider of lending and transaction banking solutions has announced its financial results for the quarter ended September 30, 2021. Aiming at the vision to drive the digital transformation of the BFSI industry, the company is continuing to invest heavily in talent and futuristic technologies to ensure long term growth.

Highlights of the Quarter Ended September 30, 2021:

● Revenue at Rs. 114.12 crores, 5% growth on the sequential quarter
● Operating Margin at 4.1%; an improvement of 2.76% over the previous quarter
● Net Income at Rs. 8.58 crores, as compared to Rs. 6 crores in the previous quarter

Commenting on the quarter results, Mr. Vishnu R Dusad, Managing Director, Nucleus Software, said: “With the aggressive vaccination drive conducted by the government, we are witnessing the return of normalcy, optimism and confidence across businesses. At Nucleus, we are focused on strengthening our actions and investments in emerging technologies, expansion in newer territories and market segments, and building value propositions for our people to create a stronger and better future together. With the support of our experienced team and customised products and solutions, we will harness the opportunities available in the industry and achieve newer heights.”

Parag Bhise, Chief Executive Officer, Nucleus Software, said: “Q2 FY22 has been a quarter of continuous advancement in line with our strategy to emerge as a fully future-ready organisation. We have made significant investment in digital growth and our technological advancements along with our most valuable asset – our people. We had some major client wins across all categories, reflecting strong demand and relevance of our offerings in the market. Our robust pipeline and continued strong employee ramp up will help us build a sustainable pathway to create longer term value for all our stakeholders.”

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