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| Edited By: Amit Tripathi |Source: DNA |Updated: Mar 17, 2018, 05:44 AM IST
New Delhi-based IT firm Nucleus Software Exports Ltd is customising a slew of its software products — so far targeted mostly to banking sector — to be used by other business segments such as telecom, retail, insurance etc.
The firm bagged the first contract for its retail collection system from a telecom operator in Philippines. And while it awaits customer appraisal of the system to gauge performance, the company is evaluating the scope of some of the other products to be tweaked for other sectors.
“For instance, the payable module of our software, which banks currently use for automating their direct sales agent processes, can be offered for sectors such as insurance, retail, and telecom. We are evaluating those and we are waiting for the performance of the collection software that a telecom firm has procured. That will help us to know the kind of sector expertise needed, what are the service-level agreement specifications and how those can be met etc.”
Vishnu Dusad, MD and promoter of Nucleus Software told DNA. This comes after the firm secured 30 product orders in the first half of this financial year, what it got in the entire of last year.
“The contract numbers have doubled. We hope to get another 15 product contracts this quarter and hopefully, the same number for the fourth quarter of this fiscal,” Dusad said, stating that most contracts are below $5 million in size.
Meanwhile, Nucleus is sprucing up its partner network, which contributes about 30% to revenues.
“We are upbeat about closing 15 contracts this quarter as many of our partners are bringing us lot of RFPs (request for proposal) from clients,” said Dusad.
The firm’s 250-seater SEZ facility is slated to be ready by next year and the company expects to generate about 30% of its revenue from the SEZ.
The firm’s consolidated revenue for the quarter ending September 30 was at Rs70.19 crore, down slightly from Rs70.75 crore in the corresponding quarter of the previous financial year. Net profit decreased to Rs8.9 crore against Rs9.88 crore in the corresponding quarter of the previous financial year.
