Newgen Software

Newgen Software share price rose after the company revealed that it has received a purchase order from the RBI for the implementation and maintenance of the Regulatory Application Management System

Newgen Software Technologies on Tuesday reported a 47.19 per cent year-on-year increase in consolidated net profit to Rs 70.33 crore in the September quarter. It had posted a net profit of Rs 47.78 crore in the year-ago period. Revenue for the second quarter of the current fiscal year came in at Rs 361.15 crore, 23.16 per cent higher than Rs 293.23 crore a year earlier. "All our key markets have performed well during the quarter with APAC witnessing strong growth for two consecutive quarters now. While banking & financial services continue to be our core verticals, we saw increasing traction in the insurance and government segment in the quarter," Newgen Software CEO Virender Jeet said. The Noida-headquartered company's employee count stands at nearly 4,400. Shares of Newgen Software Technologies settled at Rs 1,298.45 apiece on the BSE on Tuesday, down 3.95 per cent from the previous close.

A combined 2.42 million equity shares, representing 1.73 per cent of the total equity of the company, had changed hands on the NSE and BSE till 11:21 AM.

The fall in the stock price came after the company announced a weak set of June quarter results (Q1FY25).

The uptick in share price came after Newgen Software announced that its US-based subsidiary has secured an order worth $1.48 million from a client

Stocks to watch on Tuesday, November 28, 2023: Honasa, Siemens and Newgen Software in focus today as exchanges lower circuit limit, results announcement and a liberal 1:1 bonus share issue.

Around 19,000 equity shares have changed hands and there are pending buy orders for nearly 30,000 shares on the NSE and BSE, the data shows

IT company Newgen Software Technologies is "confident" of about 20 per cent topline growth for FY24, backed by resilience of its focus markets like India and Asia Pacific which are growth drivers, a top official said. The company is looking at hiring about 400-500 people from campuses this year to meet its business requirements, having fulfilled its commitment of timely onboarding of campus recruits last year, Virender Jeet, CEO of Newgen Software, told PTI. Unlike many IT services companies that are facing macro headwinds in their primary markets of US and Europe, Newgen focuses on emerging markets, which offer plenty of headroom for growth, are underserviced and keen to bolster their digital play. "Our investments largely happen in research and development, and sales, and we will continue that momentum. We are not looking at holding back any investments this year," he said. For the quarter ended June, Newgen's revenue from operations stood at Rs 251.7 crore, up 34 per cent over t

The company has reiterated its guidance of 20 per cent topline growth and EBITDA margin of 20-21 per cent in FY24.

Unified digital transformation solutions provider Newgen Software Technologies Ltd on Wednesday reported a 57 per cent rise in its profit after tax at Rs 30 crore in the April-June quarter of the current fiscal. The company had reported a profit after tax (PAT) of Rs 19.2 crores in the first quarter of the previous fiscal, Newgen Software said in a release. Revenue from operations stood at Rs 251.7 crore in the reporting quarter, which was 34 per cent higher than Rs 187.9 crore in the year-ago period. According to Diwakar Nigam, the Chairman & Managing Director of Newgen Software Technologies, the company witnessed the highest quarterly revenue growth rate amid rising demand for digital transformation and automation. "We are witnessing immense opportunities for digital journeys across the financial services sector as well as new requirements for automation at scale. The launch of the recent version of NewgenONE platform further shows our commitment towards this direction. We are ..

Digital transformation solutions provider Newgen Software Technologies on Tuesday reported a more than 37 per cent increase in its profit after tax to Rs 78.6 crore in the January-March quarter of FY23. The company had posted a profit after tax (PAT) of Rs 57.4 crore in the corresponding quarter of the preceding fiscal, Newgen Software said in a statement. The company's consolidated revenue from operations rose 32 per cent to Rs 305.1 crore compared to Rs 231.4 crore in the year-ago quarter. "Subscription revenues were at Rs 87.5 crore, witnessing strong growth of 26 per cent YoY. Annuity revenue streams were at Rs 166.2 crore," the company said, adding that the revenue from the sale of products/licences stood at Rs 59.5 crore during the quarter under review. The profit after tax in the entire financial year rose nearly 12 per cent to Rs 176.3 crore from Rs 164.2 crore in FY22. Its revenue crossed Rs 1,000 crore for the first time, registering a growth of 32 per cent in the ...

The IPO comprised of a fresh issue fundraising worth Rs 950 million and offer for sale worth Rs 3.29 billion

The company had raised over Rs 1.27 billion from anchor investors on Monday

The price band for Newgen Software IPO is fixed at Rs 240-245 per share

Ascent Capital, IDG Ventures, Vistra ITCL and SAP Ventures are investors in Newgen Software