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Home -> Finance -> Full Story
Nucleus Software records higher revenue in Q1
By Our Correspondent
Friday, August 2 2002 12:38 Hrs (IST)

Bangalore: Nucleus Software Exports Ltd, recorded a growth in revenue for the first quarter ending June 30.The revenue for the quarter stood at Rs 22.53 crore in comparison to the previous quarter at Rs 16.75 crore, according to an official press release.

The company has added six new clients this quarter, taking the total number of clients to 60. The company has also grown in terms of employees, with a total strength of 720, the release said.

"The first quarter of fiscal 2002 has been vibrant for the company. Despite the tough market conditions, we have made significant customer acquisitions for our products," managing director Vishnu Dusad said.

Speaking on the company's strategy and growth plans, he added, "The growth figures reflect the success of our strategy to remain focused on the products area of financial services vertical segment, entering new markets”.

The company recorded a profit after tax (PAT) of Rs 1.52 crore, for the first quarter, while the group revenue went up by 34 per cent, the release said.