Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced its financial results for the financial year ended March 31, 2020.
Consolidated revenue for the fourth quarter of FY 20 is at Rs. 138.2 crore compared to Rs. 127.0 crore in the corresponding quarter of the previous year. Revenue for FY20 is at Rs. 520.8 crore, against Rs. 484.0 crore in FY19.
Commenting on the results, R P Singh (CEO, Nucleus Software) said, “We are living though unprecedented times and the impact of the Covid-19 pandemic is still unfolding. However, I am pleased by the way our business rapidly adapted to the changing situation with 100% of our staff working from home days before the nationwide lockdown came into force. I am also delighted to report that during the year, we recorded 32 product orders and gained our 50th cloud customer.
Powered by our solutions, our customers continued to win awards – Roha Housing Finance won the Best Lending Implementation award at the IBS FinTech Innovation Awards and RattanIndia won a Celent Model Bank Award for Retail Lending. We continued to release new versions of our market leading solutions – FinnOne Neo and FinnAxia, adding sophisticated capabilities and advanced technologies such as Artificial Intelligence and intelligent automation. I’m proud to report that we achieved, for the second year in a row, Great Place to Work certification – a powerful statement in the ongoing war for talent and a crucial pillar in our continued mission to help our customers profit from digital transformation.”
