Nucleus Software announces Q2 FY 2016 results

Consolidated revenue for the second quarter of FY 16 is at Rs. 84.7 crore compared to Rs. 86.8 crore in Q2 of the previous year. Revenue for the first half year of FY 2016 is at   Rs. 169.5 crore, against Rs. 166.3 crore in the corresponding half year of FY 2015, a company statement claimed.

 

Commenting on the company’s performance, Vishnu R. Dusad, CEO, Nucleus Software said, “I am happy to report that the company is continuing to make steady progress on its strategy. Strategic investments and partnerships in the last quarter have provided us with great opportunities to grow and to continue our mission to help our customers succeed. In Q2 Magma FinCorp Ltd., a leading Non Banking Finance Company (NBFC), became the latest addition to our growing customer base of innovative companies. Magma FinCorp will implement FinnOne NeoTM to power its loan origination and loan management operations. During the quarter we released new versions of our key products targeted specifically for Mutuals and NBFCs. We have further strengthened our leadership team with senior appointments. I am confident of the quarters ahead as we continue to build on our sales and marketing activities around the world.”

 

In the second quarter, the company launched new versions of its award winning lending solution FinnOne NeoTM. The new releases have been designed to meet the needs of the Mutual sector in Australia and the Non Banking Financial Company sector in India. Powered by FinnOne NeoTM, these new solutions are comprehensive, technologically advanced and are designed to manage the complete loan lifecycle – from designing and launching innovative products in minutes to dramatically reducing exposure to risk. 

 

With cloud-based deployment options, the solutions provide an effective mechanism to overcome the high upfront investment often associated with the latest technologies.