Nucleus Software Q4 Review - Easing Attrition, Strong Execution Drives The Earnings Beat: Dolat Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Nucleus Software Exports Ltd. reported 26% QoQ revenue growth (our estimate: 7.3%). The beat was led by strong execution of its order book as attrition eased, selective pricing hikes and clocking of several implementation milestones. Reported operating profit margin of 13% versus estimate of 3.7% and Ebit of Rs 198 million. This beat was led by higher operating leverage and 12% QoQ decline in selling, general and administrative. The beat is quite commendable given the announced wage hike effective Q4. Nucleus Software's order book stood at Rs 5.6 billion down 0.3% QoQ (up 17.6% YoY basis). The net new orders stood at Rs 1.5 billion which is similar to the revenue run rate during the quarter. Order-to-revenue coverage of 125% in product business, suggest sustained momentum..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nucleus Software Q4 Review - Easing Attrition, Strong Execution Drives The Earnings Beat: Dolat Capital

Nucleus Software Q4 Review - Easing Attrition, Strong Execution Drives The Earnings Beat: Dolat Capital

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