Nucleus Software to set up branch in Dubai

New Delhi, July 26: Nucleus Software Exports today said it will set up a branch office in Dubai.

The Board has approved setting up of a branch office in Dubai, UAE, to address business opportunities in West Asia, a company statement said.

Yesterday, the company, a banking and financial solutions provider, posted a 56 per cent growth in net profit at Rs 13.40 crore for the first quarter ended June 30, 2006, as against Rs 8.59 crore for the corresponding quarter last year.

Consolidated revenue for the first quarter in FY07 rose by 51.52 per cent to Rs 49.76 crore as against Rs 32.84 crore for the same quarter in FY06.

UNI