Nucleus Software Exports Ltd
NSE:NUCLEUS
Nucleus Software Exports Ltd
Nucleus Software Exports Ltd. engages in the provision of software solutions to the banking and financial services industry. The company is headquartered in Noida, Uttar Pradesh and currently employs 1,750 full-time employees. The company went IPO on 2003-05-07. 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. The company 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. The company provides various lending's, such as FinnOne Neo retail lending, FinnOne Neo corporate lending, FinnOne Neo digital channels, and Nucleus lending analytics. Its transaction banking includes FinnAxia digital ecosystem, advisory services and FinnAxia cash and liquidity management.
Nucleus Software Exports Ltd. engages in the provision of software solutions to the banking and financial services industry. The company is headquartered in Noida, Uttar Pradesh and currently employs 1,750 full-time employees. The company went IPO on 2003-05-07. 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. The company 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. The company provides various lending's, such as FinnOne Neo retail lending, FinnOne Neo corporate lending, FinnOne Neo digital channels, and Nucleus lending analytics. Its transaction banking includes FinnAxia digital ecosystem, advisory services and FinnAxia cash and liquidity management.
Revenue: Revenue for the quarter was INR 213.51 crores, slightly down sequentially but up from INR 202.2 crores year-on-year.
Profit Decline: Net profit dropped to INR 26.29 crores from INR 35.20 crores last quarter and INR 33.06 crores a year ago.
Margin Pressure: Higher delivery and employee costs, along with increased marketing spend, impacted margins and EBITDA, which fell to INR 23.09 crores from INR 33.74 crores quarter-on-quarter.
Order Book: Order book stood at INR 671.10 crores, down from INR 703.16 crores last quarter.
Client Base: Only one new client (logo) was added this quarter, with two for the half year; 80–90% of revenue comes from existing/annuity business.
Product Rollout: Management highlighted the upcoming FinnOne Neo GA release, featuring new AI-enabled capabilities.
Sales Focus: The company is rebuilding its sales organization, hiring regional heads and a global alliance head to accelerate growth.
Upgrade Challenge: Migration from FinnOne to FinnOne Neo remains slow due to customer inertia and complexity, not pricing.
