Eyeing margin growth, acquisitions on cards: Nucleus

Nucleus Software, global banking software products and solutions provider, reported a stable quarter for the quarter ended December 2017.Seen largely as a beneficiary of demonetisation, the company saw upward movement of 25 percent over last three months. However, it saw a decline in revenue on a quarter-on-quarter (Q-o-Q) basis.Speaking to CNBC-TV18 Vishnu R Dusad - MD & CEO of the company said the company has right mix of innovative products to monetise the cash crunch scenario. He however added it will take some time for the benefits to trickle down to growth in revenue.Dusad said the products such as PaySe is getting good acceptance overall on a conceptual level and will contribute to growth going forward.According to Dusad, increased revenue from products and improved cost management will enable the company to see improved margins going forward.Dusad said the cash balance on the books of the company is approximately Rs 430 crore and the company is allocating a significant amount towards acquisitions, and the company has formed a dedicated team for M&A.Watch video for more..