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Nucleus Soft to cut costs by 10% in FY10: official

Nucleus Soft to cut costs by 10% in FY10: official
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First Published: Mon, Apr 27 2009. 01 01 PM IST
Updated: Mon, Apr 27 2009. 01 01 PM IST
New Delhi: Nucleus Software Exports Ltd plans to cut costs by 10% in FY10 to help improve margins, a senior company official said on Monday.
However, revenue is expected to be flat in the year to March 2010, managing director Vishnu Dusad told a news conference after firm’s March quarter profit fell 9%.
“We would be reducing costs by 10% by taking various measures, all standard measures: energy costs, travel costs,” he said.
The company hopes to save Rs260 million from these measures during the current fiscal, he added.
“We will reduce on-site content to whatever extent possible and offshore more.”
The company plans to move a third of its 300 on-site employees back to India this year.
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First Published: Mon, Apr 27 2009. 01 01 PM IST