Nucleus Software posted relatively strong revenue growth on a sequential basis with margin improvement due to operational efficiency.
Speaking about the improved performances Vishnu R Dusad, MD & CEO, Nucleus Software said they have been investing in products on an ongoing basis and they have been liked by customers and are gaining traction. This led to us getting more orders, which resulted in a good topline growth, he said.
The current order book stands at Rs 300 crore and in the current quarter they were able to meet the target of Rs 200 crore worth of orders, he said.
Currently, tractions is seen in from emerging markets but over the next few quarters, the company will win orders form developed markets as well, he said.
On the margin front, he said going forward they would be able to maintain our margins.
When asked if the surplus cash of Rs 400 crore with the company would be used for acquisitions, Dusad said yes, they are keen on acquiring niche techno companies for our kind of offerings.
For full interview, watch video
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