Nucleus Software Exports Second Quarter 2023 Earnings: Misses Expectations

Nucleus Software Exports (NSE:NUCLEUS) Second Quarter 2023 Results

Key Financial Results

• Revenue: ₹1.39b (up 22% from 2Q 2022).
• Net income: ₹110.3m (up 29% from 2Q 2022).
• Profit margin: 7.9% (up from 7.5% in 2Q 2022).
• EPS: ₹4.12 (up from ₹2.95 in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nucleus Software Exports Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in India.

Performance of the Indian Software industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Nucleus Software Exports is showing 4 warning signs in our investment analysis and 1 of those is potentially serious...

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