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deepinsight
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   Posted: 19/Jan/2007 at 3:31pm |
The details coming off this interview...
It seems to be more than 148 crores but not clear on the exact amount.
| Nucleus Soft's deals add to Rs 300 cr |
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Nucleus Software has bagged an order from ACOM of Japan. Vishnu R Dusad, the Managing Director of Nucleus Software Exports comments on the company.
 Dusad says that this order is the biggest order that they have got so far. The order is expected to be executed over a period of two years with an annual technical support for another five years.
He also states that their order booking looks very robust.
Excerpts from CNBC-TV18's exclusive interview with Vishnu R Dusad:
Q: Can you take us through the size of the order and how does it compare with the other orders that you have got, is this the biggest order that you have got?
A: This is the biggest order that we have got so far, it is bigger than the last big order that we had won from General Motors Acceptance Corporation and bigger than our last year’s revenue of Rs 148 crore.
Q: How are margins likely to pan out in this order? Will they be better or will they be thinner than the kind of projects you do for Indian banks?
A: Clearly they will be better.
Q: Can you give us a figure? What are the normal margins you enjoy and how much better are they likely to be?
A: I would not be able to give you specific numbers but the normal margins that we have been enjoying are in the vicinity of 25-30%.
Q: How long will this order be executed in?
A: This would be executed over two years and subsequently there will be an annual technical support for another five years at least.
Q: What does it take your total orderbook size to?
A: The order-book size may cross the Rs 300 crore mark.
Q: Would this restrict you from bidding for any further orders because this is a substantially large order? So for the next two years when you will book for this order, would you still be bidding for further orders or would you just stick with this one?
A: Obviously, we will be bidding for many more orders.
Q: What is your order book looking like and how does it compare with a year-ago levels?
A: As I mentioned, it would be upwards of around Rs 300 crore and is further looking very promising and robust |
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"Investing is simple, but not easy." - Warren Buffet
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omshivaya
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Posted: 19/Jan/2007 at 3:44pm |
Originally posted by deepinsight
The company just announced a major win in Japan - CEO calls it one of the largest by any Indian Software Vendor - looks to be in 10's of millions. This could well be the reason one could consider buying (rather than taking profit) as it sets the path for more revenue clarity and even better potential. |
Very well done indeed Mr. Dusad, but I expect Vishnu jee to NOT STOP AT THIS! It's important to stay focused, so I would like to set therecord straight!
This order is NOT the largest order by any Indian software vendor...it is the largest order for Nucleus so far, bigger than the earlier large order by GMAC! What I think Vishnu jee meant was biggest order in Japan(maybe), but not overall!!! So need to set this straight!
But what is pretty interesting is that just this single order by ACOM is more than the entire revenue of Nucleus of last year. I expect more orders to follow suit...maybe gradually!
Vishnu jee, congrats again..and dont stop. And deep ji, thanks for the info. you posted.However, I have set the record straight above.
On mention of profit-booking deep ji, I think I have mentioned clearly my specific case and it needs no further explanation! For others' situations maybe, profit booking MAY NOT be such a good idea.
Edited by omshivaya - 19/Jan/2007 at 4:26pm
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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India_Bull
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Posted: 19/Jan/2007 at 3:44pm |
Nucleus and Tech Mahindra look very promising at this point of time .
Another stock to watch in IT is Mphasis BFL as EDS will outsource most of the work to Mphasis in the years to come and I am sure these stocks are going to be big multibaggers from this level..
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India_Bull forever Bull !
www.kapilcomedynights.com
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omshivaya
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Posted: 19/Jan/2007 at 4:21pm |
Some extras on the ACOM deal and generally where Nucleus stands globally: http://www.nucleussoftware.com/images/acom_re2.pdf
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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deepinsight
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Posted: 19/Jan/2007 at 9:39pm |
From press release BSE web site
"This is amongst the largest win by any Indian product software Company and Nucleus is honored to have won it. This win is an indication of the potential and passion of Nucleus in creating groundbreaking banking and non banking financial products and solutions. It is an endorsement of the keen understanding of banking and non banking industry that has led Nucleus Software in winning the most coveted deals across the globe. We are happy to be partnering with ACOM in their journey towards business excellence and superior customer service." Says Vishnu Dusad, CEO & Managing Director of the Company.
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"Investing is simple, but not easy." - Warren Buffet
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omshivaya
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Posted: 19/Jan/2007 at 9:45pm |
Yes, I read that too. It is there in my post above too. But does that mean to say that not one, not even I-Flex has ever bagged a such big order worldwide. That seems a bit stretched! That is what leads me to believe that Vishnu jee must have meant biggest order by any Indian product company in Japan.
So, better to be on the sidelines than overenthusiastic as per me. Let's see what the details turn out like.
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sanjay3
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Posted: 19/Jan/2007 at 2:07am |
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YES BANK Goes For Nucleus' FinnOne
To streamline its sales team to ensure a quicker turn around time for customer
acquisition.
EFY News Network
Monday, January 08, 2007:
YES BANK, an Indian private sector bank, has selected the FinnOne CAS, loan management and collections suite from Nucleus Software Exports Ltd., a provider of software products for the financial sector, to power its retail banking arm. With this solution, the bank will be able to offer value-added retail liability and third-party wealth management products as well as retail asset offerings to its customers. The solution will be implemented across all 24 branches of the bank in the country.
FinnOne will enable YES BANK to streamline its sales team to ensure a quicker turn around time for customer acquisition. This solution will allow the bank to automate and manage the complete application process flow for any finance instrument such as personal loans, home loans, credit cards and other services.
Rana Kapoor, founder, managing director and CEO, YES BANK, said, "We believe Finnone Suite will provide us cutting-edge capability in our business. Considering that YES BANK has no legacy issues, we will be able to quickly and efficiently rollout the system."
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omshivaya
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Posted: 22/Jan/2007 at 5:47pm |
Nucleus Software Exports today reported a 58 per cent rise in net profit after tax (pat) to Rs 13.94 crore in the third quarter this fiscal compared to Rs 8.82 crore for the corresponding quarter of the previous year. Consolidated revenues for the quarter ending December 31, 2006 increased by 50.21 per cent to Rs 56.18 crore as against Rs 37.40 crore for the corresponding quarter of the previous year, a company statement to the NSE said. "Our strong product growth along with continued product development and successful implementations has helped us sustain our position as one of the leaders in the domain," Nucleus Software Exports CEO Vishnu R Dusad said. The company bagged large orders from alternate markets such as Japan, which strengthened its position, he said. For the nine months ending December 31, 2006, consolidated revenues have increased by 51.97 per cent to Rs 161.03 crore as compared to Rs 105.96 crore for the corresponding nine months period in the previous fiscal. Net profit after tax (pat) for the same period, increased by 57.37 per cent to Rs 41.20 crore as compared to Rs 26.18 crore for the corresponding nine months period in the previous financial year.
Exports registered 70.49% growth in net profits to Rs 106.68 million for the quarter ended Dec. 31, 2006 as compared with Rs 62.57 million in the corresponding quarter previous year. Source: www.myiris.com
Note: However sequentially, quarter-on-quarter NP was flat.
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