Nucleus Software Exports Ltd. share price target

Results beats, commentary improves; too early to call it New Normal Nucleus revenues stood at Rs 1.28bn down 7% QoQ in line with our estimates. Performance was far better than the caution it shared in Q4...

Results ahead of estm; Order book intact; Commentary turns cautious Results were ahead of estm with a revenue growth of about 8.8% YoY at Rs 1.38bn (our estm at Rs1.32bn) and OPM at 20.3% against our estm at 16.5% - profit beat led by reversal of variable pay provisions. Order book stood at Rs 4.4bn, implies 18% growth YoY (flat QoQ) with new 8 new product order wins in the quarter, adding 4 new logos. It also completed 24 product module implementation in Q4 (65 for FY20). Order book is encouraging but management unsure about...

View: Record order bookings covers up for modest qtly performance Nucleus Software reported modest quarterly performance with a 10% YoY growth in revenues (lower than our estimate of 14%) and 260bps decline in EBIT margins at 12.3%. The revenue miss was largely led by soft 8% YoY growth in the Product business (78% of revenues) as it witnessed large number of go-lives (23) during the quarter. Services business (22% of revenues) grew by 20% YoY during the quarter. The EBIDTA margins slip was largely on account of soft revenue bookings (down 2.3% on QoQ basis)...

Nucleus Software delivered strong Q4FY18 result, with 18% yoy growth in revenue at Rs1.1bn - slightly ahead of our expectation. Growth was driven by strong deal wins, as it added 10 new product orders, including 6 new customer wins. Commentary remains upbeat across markets, leading to improved pipeline and order book. Product segment order book grew by 20% in FY18. Adjusted for AMC revenue, order...

NSEL has successfully consolidated its position, as a technology leader in Japan, the Middle East, Africa and South East Asian markets. Company caters to customers all across the globe having an 74% revenue derived from overseas & remaining 26% from India during September quarter FY 2017. India has contributed in Q2 by almost ` 25 crores as against ` 22 crores in the previous quarter and in the same quarter last year it was around ` 14 crores. There has been also some of the new contracts that company have in previous quarters, in the cloud as well as some of the leading banks that has contributed to growth in India. Along with that, focus on new product came in, company wanted to have in the market where they are leaders and pioneers in its software, that's the reason for this initial growth & hope to see...

NSEL has successfully consolidated its position, as a technology leader in Japan, the Middle East, Africa and South East Asian markets. Company caters to customers all across the globe having an 74% revenue derived from overseas & remaining 26% from India during September quarter FY 2017. India has contributed in Q2 by almost ` 25 crores as against ` 22 crores in the previous quarter and in the same quarter last year it was around ` 14 crores. There has been also some of the new contracts that company have in previous quarters, in the cloud as well as some of the leading banks that has contributed to growth in India. Along with that, focus on new product came in, company wanted to have in the market where they are leaders and pioneers in its software, that's the reason for this initial growth & hope to see...