Nucleus Software announces Q3 FY 2019 Financial Results, Revenue grew at 16.0% YoY

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BiznextIndia : Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry today reported 16% growth in consolidated Revenue in the Oct-Dec quarter. Consolidated revenue for the third quarter of FY19 is at Rs. 122.9 crore compared to Rs. 106.0 crore in Q3 of the previous year. Revenue for the nine months of FY19 is at Rs. 357.0 crore, against Rs. 300.8 crore in the corresponding nine months of FY18.

Mr. Vishnu R. Dusad (Managing Director, Nucleus Software) said, “Q3 continued to build on the momentum we’ve seen in the first two quarters, with 4 new customers, 5 new product orders and 27 product module implementations worldwide. As businesses all over the world continue to their digital transformation journeys, our investment in new technologies has positioned us well to deliver more value to our customers. We witnessed solid traction for our corporate banking solution – FinnAxia, as there has been a marked increase in engagement with many leading banks and other financial institutions globally.

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