Tuesday, April 28, 2009

Filled Under:

Nucleus Soft to cut costs by 10%

Nucleus Software Exports Ltd on Monday said it will be actively looking to cut costs in 2009/10 to help improve margins after the company reported a 40 percent drop in profit for the March-quarter.

However, revenue is expected to be flat in the year to March 2010, Managing Director Vishnu Dusad said after the firm's results.

"We would be reducing costs by 10 per cent by taking various measures, all standard measures: energy costs, travel costs," he said, adding that the firm hopes to save Rs 260 million from these measures during the current fiscal.

The company hopes to take more work offshore and will push to reduce on-site content to 'whatever extent possible', he said. It plans to move a third of its 300 on-site employees back to India this year, he added.


Post a Comment

Blog Archive