Newgen Software Technologies Ltd - 540900 - Intimation Pursuant To Regulation 31A Of Sebl (Listing Obligations And Disclosure Requirements) Regulations, 2015 & Extracts Of Board Meeting Minutes.
Intimation pursuant to Regulation 31A of Sebi (Listing Obligations And Disclosure Requirements) Regulations, 2015 & Extracts of Board Meeting Minutes Newgen Software Technologies Ltd - 540900 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Enclosed Press Release Newgen Software Technologies Ltd - 540900 - Announcement under Regulation 30 (LODR)-Investor Presentation
Enclosed Revised Investor Presentation.
Newgen Software Tech closes higher by 11% on impressive Q2 results; net profit up nearly 60%
For Q2 FY24, the company reported a 59% surge in its consolidated net profit to 48 crore, up from 30 crore recorded in the corresponding quarter of the last fiscal. Q2FY24 Quarterly Result Announced for Newgen Software Technologies Ltd.
IT Consulting & Software company Newgen Software Technologies announced Q2FY24 results: 1. Financial Performance: - Revenues at Rs 293 crore in Q2FY24, up 30% YoY - Profit after tax at Rs 48 crore, up 59% YoY - Total Income at Rs 293 crore, with 30% YoY growth - Strong growth in annuity revenue streams, with support revenues showing strong growth - Net Cash from Operating Activities at Rs 146 crore for the six-month period 2. Business Highlights: - Significant order of Rs 68 crore from a leading public sector bank for digital business platform - Expansion of business in the EMEA region, especially in Saudi Arabia, with a large project for digital lending - New logo wins, including a significant new logo in the Americas region from the insurance industry - Opening of new offices in New York (USA) and Riyadh (Saudi Arabia) to expand market footprint - Elevating partnership with Coforge Ltd. to deliver transformative insurance lifecycle management solutions - Recognition of Newgen's Accounts Payable solution in the Gartner "Market Guide for Accounts Payable Invoice Automation 2023 Report" 3. Key Financial Metrics: - Revenue from operations at Rs 293 crore - Annuity revenue streams at Rs 179 crore, with strong growth in support revenues - Subscription revenues at Rs 90 crore - Revenue from implementation grew by 82% YoY to reach Rs 62 crore Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies said – “We continue to build upon the business momentum with four consecutive high growth quarters now. We witnessed a strong Q2 performance with 30% YoY revenue growth and margin expansion compared to the same quarter last year. We have been making deeper penetration through our Digital Lending Platform in the banking sector and have received high-value orders during the quarter as market activity picks up in this segment across different geographies. We are becoming a preferred and trusted platform in the banking ecosystem for accelerating their business. We are further working on expanding our market footprint through the opening of new offices." “Using Newgen’s Low Code Platform based on a modern architecture of microservices and AI/ML, we continue to innovate for customers making our solutions more efficient, productive, and collaborative,” said Virender Jeet, CEO, Newgen Software. Result PDF Newgen Software Technologies Ltd - 540900 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Enclosed Press Release for Q2 FY 23-24 Newgen Software Technologies Ltd - 540900 - Announcement under Regulation 30 (LODR)-Investor Presentation
Enclosed investor presentation for Q2 FY 23-24 Newgen Software Technologies Ltd - 540900 - Announcement under Regulation 30 (LODR)-Allotment
This is to inform that the Board of Directors in its meeting held today issued and Alloted 1,13,700 equity shares to Newgen ESOP Trust under Newgen ESOP Scheme 2022. Newgen Software Technologies Ltd - 540900 - Board Meeting Outcome for Outcome Of Board Meeting Held On 17Th October 2023
This is to inform you that the Board of Directors of the Company at its meeting held today i.e. Tuesday, 17th October 2023 has inter-alia Considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended 30th September 2023 Newgen Software Technologies Ltd - 540900 - Results-Financial Results For The 2Nd Quarter And Half Year Ended On 30Th September 2023
Considered and approved the Unaudited financial Results for the quarter ended 30th September 2023.