Newgen Software Technologies has announced that its wholly owned subsidiary in Saudi Arabia has received a purchase order valued at $22,66,667 from an international client.
According to an exchange filing, the order has been awarded by an international entity and is set to be executed within a year. The company also clarified that this transaction does not qualify as a related party transaction.Newgen Software Technologies is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen's industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries.
The companys consolidated net profit surged 47.2% to Rs 70.33 crore in Q2 FY25 as against Rs 47.79 crore posted in Q2 FY24. Revenue from operations jumped 23.2% YoY to Rs 361.16 crore in the quarter ended 30 September 2024.
The scrip shed 0.43% to Rs 1,580 on the BSE.
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