Nucleus Software Exports Limited Reports Audited Consolidated Cash Flow Results and Audited Standalone Earnings Results for the Year Ended March 31, 2018
June 08, 2018 at 08:39 am IST
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Nucleus Software Exports Limited reported audited consolidated cash flow results and audited standalone earnings results for the year ended March 31, 2018. For the quarter on consolidated basis, the company reported that net cash from operating activities was INR 769.3 million against INR 951.1 million a year ago.
For the year on standalone basis, the company reported total income of INR 3,790.9 million against INR 3,311.7 million a year ago. Profit before tax was INR 776.8 million against INR 567.6 million a year ago. Profit for the year was INR 656 million against INR 517.8 million a year ago. Earnings per share basic and diluted were INR 21.47 against INR 15.99 per share a year ago. Net cash from operating activities was INR 679.2 million against INR 808.6 million a year ago. Expenditure on property, plant and equipment net of sale proceeds, including changes in capital creditors was INR 70.7 million against INR 35.3 million a year ago.
Nucleus Software Exports Limited is a provider of lending and transaction banking products to the financial services industry. The Company is engaged in the business of development and marketing of software, product, and software services for business entities in the banking and financial services (BFS) vertical having its operating units located in Noida, Uttar Pradesh. It operates in seven geographical segments: India, Far East, Southeast Asia, Europe, Middle East, Africa, and Australia. Its two flagship products include FinnOne Neo and FinnAxia. FinnOne Neo suite is an end-to-end solution for lending businesses. FinnAxia suite offers an enterprise solution for the transaction banking operations of corporate banks. It provides various lending, such as FinnOne Neo retail lending, FinnOne Neo corporate lending, FinnOne Neo digital channels, and Nucleus lending analytics. Its transaction banking includes advisory services and FinnAxia cash and liquidity management.
Nucleus Software Exports Limited Reports Audited Consolidated Cash Flow Results and Audited Standalone Earnings Results for the Year Ended March 31, 2018