Newgen Software Technologies Ltd - 540900 - Update On Announcement Dated 18Th January 2022
We are hereby submitting an update on Incorporation of a wholly owned subsidiary in UAE20-01-2022
20-01-2022
Newgen Software Technologies Ltd - 540900 - Announcement under Regulation 30 (LODR)-Newspaper Publication
We hereby submit copy of Newspaper advertisements in relation to unaudited Standalone and Consolidated Financial Results of the Company for the 3rd Quarter ended 31st December 2021.19-01-2022
Earnings Call for Q3FY22 Newgen Software Technologies Ltd.
Conference Call with Newgen Software Technologies Ltd. Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.18-01-2022
Newgen Software Q3 consolidated net profit up 35% to Rs 48 crore
Newgen Software Technologies on Tuesday said its consolidated net profit increased about 35 per cent to Rs 47.8 crore in December quarter 2021-22. The company also announced the acquisition of Number Theory Software. Newgen registered a net profit of Rs 35.41 crore in December quarter 2020-21. Revenue from operations grew 9.1 per cent to Rs 202.5 crore in the third quarter of 2021-22 from Rs 185.51 crore in the year-ago period, Newgen said in a regulatory filing. In a separate filing, Newgen said its Board has approved the purchase of 100 per cent of the paid-up equity shares of Number Theory Software from its existing shareholders, Tarun Gulyani and Rajan Nagina. Post completion of the acquisition - which is subject to customary conditions precedent - the target company will become a wholly-owned subsidiary of Newgen, it added. "Newgen will be making a closing payment aggregating to approximately Rs 7,02,73,340 to the promoters of target company towards 100 per cent of the equity18-01-2022
Q3FY22 Quarterly Result Announced for Newgen Software Technologies Ltd.
Software and services company Newgen Software Technologies Ltd. declares Q3FY22 result: Newgen Software Reports Total Income of Rs 210 cr in Q3 FY’22, up 11% YoY Net Profit at Rs 48 cr, up 35% YoY Revenue from operations (consolidated) at Rs 202.5 crores as compared to Rs 185.5 crores in Q3 FY’21, up 9% YoY Subscription revenues (ATS/AMC and SaaS) stood at Rs 61.7 crores, up 20% YoY, Annuity revenues (ATS/AMC, Support, and SaaS) were at Rs 111.6 crores, witnessing a growth of 11% YoY Revenue from the sale of products/license was reported at Rs 49.8 crores, up 37% YoY Implementation and digitization revenues were at Rs 41.2 crores EBIDTA stood at Rs 57.9 crores compared to Rs 68.8 crores in Q3 FY’21. EBIDTA decreased on account of normalization of cost base compared to last year as well as increased remuneration to manage attrition Profit after tax went up by 35% YoY at Rs 47.8 crores from Rs 35.4 crores in Q3 FY’21 Key Consolidated Financial Highlights (9M FY’22 v/s 9M FY’21) Revenue from operations (consolidated) at Rs 547.5 crores as compared to Rs 472.6 crores in 9M FY’21, up 16% YoY. Annuity revenues were at Rs 330.9 crores, witnessing a growth of 16% YoY. EBIDTA stable at Rs 127.2 crores compared to Rs 125.5 crores in 9M FY’21. Profit after tax up by 45% YoY at Rs 106.8 crores from Rs 73.7 crores in 9M FY’21 Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd., said – “Q3 has been on the path of continuous progression amidst ongoing uncertain environment. The quarter witnessed 20% YoY growth in subscription revenues however, several of these orders have long gestation leading to deferment of revenues. We continue to see major wins and expansion of business in our existing customers and added 17 new logos as well. Overall, in the first nine months of the year, we have clocked in revenues of Rs 548 crores and profit after tax of Rs 107 crores.” “Newgen is pleased to announce that it is acquiring India-based Number Theory, an AI/ML (artificial intelligence and machine learning) data science platform company, subject to the completion of conditions as stated in the approved Share Purchase Agreement. Number Theory’s platform, AI Studio, brings intuitive AI/ML to every enterprise, while unifying the entire lifecycle of data engineering, from data preparation to model development and monitoring. This acquisition will further strengthen Newgen’s low code digital transformation platform, NewgenONE, with AI/ML modeling and data analytics capabilities” said Virender Jeet, CEO, Newgen Software. Result PDF18-01-2022
Newgen Software Technologies Ltd - 540900 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
We are hereby enclosing Press Release on Unaudited Financial Results for the 3rd Quarter ended 31st December 2021.18-01-2022
Newgen Software Technologies Ltd - 540900 - Announcement under Regulation 30 (LODR)-Investor Presentation
We are hereby enclosing Investor''s Presentation.18-01-2022
Newgen Software Technologies Ltd - 540900 - Incorporation Of A Wholly Owned Subsidiary Of The Company
We would like to inform that the Board of Directors of the Company at its meeting held today has approved for incorporation of a wholly owned subsidiary of the Company18-01-2022
Newgen Software Technologies Ltd - 540900 - Announcement under Regulation 30 (LODR)-Acquisition
We would like to inform that Board has approved the acquisition of Number Theory Software Private Limited ('Target Company') as a wholly owned subsidiary company.18-01-2022