Nucleus Software announces a 33.96 p c increase in Q1 revenue

Bangalore, July 25 (UNI) Nucleus Software Exports Limited, today announced a consolidated revenue of Rs 66.66 crore for the quarter ending 30th June 2007 up by 33.96 per cent over previous year's corresponding quarter's turnover.

Net Profit after Tax (PAT) increased by 4.54 per cent to Rs 14.01 crore as compared to Rs 13.40 crore for the corresponding quarter in the previous year, the company said in a release here.

Product business revenue for the quarter at Rs 44.17 crore increased by 82.67 per cent in comparison to Rs 24.18 crore in the corresponding quarter of the previous year, while Projects and Services business revenue decreased by over 12 per cent to Rs 22.48 crore.

The company added six new customers during the quarter and won eight new product orders for flagship product FinnOne TM Suite.

UNI