IT firm Nucleus Software Exports today posted 16.19 per cent decline in its consolidated net profit at Rs 7.71 crore for the quarter ended December 31, 2010, over the same period a year ago.
During the corresponding quarter of the previous year the company had registered a net profit of Rs 9.20 crore.
"This has been a dull quarter for us. However, we have been investing substantially into our products with a vision to deliver higher value to our customers. With newer products and market expansion, we would be able to deliver higher brand value and returns to our stakeholders," Nucleus Software CEO and Managing Director Vishnu R Dusad said.
The consolidated revenue for the reported quarter improved marginally at Rs 68.61 crore as compared to Rs 68.47 crore in Q3 FY'10. During the quarter, the company added eight new customers.
"We continue to focus on an IPR-led growth and have taken major initiatives to offer best functionalities and technology to our customers," Dusad said.
The company's global headcount stood at 1,647 as on December 31, 2010.