Nucleus Software net up 15% y-o-y
Global banking and financial solutions company Nucleus Software today said it is planning to expand its operations by setting up a 1000-seater facility in the country entailing an investment of up to Rs 30 crore.
The company will be investing Rs 20-30 crore in 17 acres of land in a notified SEZ in Jaipur (Rajasthan) for the 1000-seater facility, which would be operational by the end of June-July next year, Nucleus Software CEO and Managing Director Vishnu R Dusad told reporters here.
The firm which earns 70 per cent of its revenue from IP-related product and services today announced a net profit of Rs 16.02 crore for the quarter ended March 31, 2008, a 14.84 per cent growth over the corresponding period a year ago.
More : business-standard.com