Nucleus Software, the leading provider of mission critical lending and transaction banking products to the global financial services industry, today reported its consolidated results for the financial year ended March 31, 2015. Consolidated revenue for the fourth quarter of FY 2015 is at Rs. 100.9 crore in comparison to Rs. 87.7 crore in the corresponding quarter previous year. Revenue for FY 2015 is at Rs. 353.1 crore, against Rs. 346.2 crore in FY 2014.
Commenting on the company’s performance Mr. Vishnu R. Dusad, CEO, Nucleus Software, said “FY 2015 has seen significant progress in our transformation. In our continued efforts to drive focused growth, we made strategic investments in sales and marketing, introduced new products and further strengthened our leadership team to help drive the transformation and continue the momentum of growth. For the 7th year in a row we were ranked as having the world’s best-selling lending solution. We are excited about the opportunities in the coming year and look forward to reaching new heights by using our award winning solutions to help our customers increase revenue, streamline operations and improve customer centricity. We will increase our market penetration and bring new initiatives to market.”
In FY2014-2015, Nucleus Software introduced FinnOne Neo the next-generation End-to-End Loan Lifecycle Management product that enables innovative banks and finance companies to manage all types of lending from personal and home loans to commercial lending and finance against securities. The new solution uses the latest, proven technology and can be delivered via public cloud, private cloud or on customer’s own servers.
In 2015, Nucleus Software was again ranked as the ‘No. 1 Best Selling Lending System’ by International Banking Systems (IBS). This is the 7th year in a row that we have achieved this ranking. The company further expanded operations in geographies, including South Africa, to serve the sub-Saharan Africa region, Australia and in North America. The senior management team was further strengthened with the appointment of Heads of Sales in those three regions to focus on growing the customer base locally and expanding the Company.