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Technology / AI and automation

Nucleus Software Q3 consolidated revenue up 14%

For the third quarter ended December 31, 2008, Net profit after tax (PAT) decreased to INR105.5 million compared to INR155.3 million for the corresponding quarter in 2007.

For the nine months period ended December 31, 2008, consolidated revenue has increased by 15% to INR2426 million in comparison to INR2106.6 million for the corresponding nine months period in 2007. Net profit after tax (PAT) decreased to INR105.5 million, compared to INR457.2 million for the corresponding nine months period in 2007.

For the nine months ended December 31, 2008, earnings per share (EPS) decreased to INR7 from INR14.13 as compared to corresponding nine months of 2007.

Vishnu Dusad, CEO and managing director of Nucleus Software Exports, said: The numbers for the quarter are a definite improvement on the previous two quarters and we continue in our efforts to raise revenue and profitability to desired levels. We believe there are opportunities as well as constraints and we are exploring different business models to effectively meet costumer expectations on cost effective business solutions.

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CBR Staff Writer

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