The software sector is a dynamic and rapidly growing industry, offering end-to-end software solutions that include development, deployment, maintenance, and support. Companies in this sector focus on providing customized software for businesses across various industries, from enterprise resource planning (ERP) to cloud computing and AI-driven solutions.
The future of the software sector looks promising, with emerging trends like automation, artificial intelligence, and machine learning shaping the industry. Small and mid-cap companies are playing an important role by providing niche solutions and serving specific market needs. Notable companies in this space include Newgen Software Technologies, Zensar Technologies, and Persistent Systems. These firms offer innovative solutions, cater to global clients, and have strong growth potential in the evolving software landscape.
Share Price
The shares of Newgen Software Technologies are currently trading at Rs. 1,714 up by 0.74% from its previous close of Rs. 1,701.8 as of January 01, 2025. The stock also touched an intraday high of Rs. 1,754.
Recent Updates
The company has won multiple orders, the details of the orders are listed below:
Order 1: Credit Automation Services Award
Newgen Software Technologies Limited has accepted an Award Letter from an international customer for the provision of Credit Automation services. The total value of the award is USD 1,643,256, inclusive of taxes. The project is expected to be executed over 5 years, marking a significant international contract for the company.
Order 2: Newgen Remittance System Purchase Order
Newgen Software Technologies Limited has received a domestic purchase order for the Newgen Remittance System license cost, valued at INR 208,978,000 (inclusive of applicable taxes). The order is expected to be executed within 1 year. This marks a substantial domestic contract to enhance the company’s offerings in the remittance sector.
Order 3: Digital Account Opening Scope of Work
Newgen Software Inc., a subsidiary of Newgen Software Technologies, has executed a Scope of Work (SOW) with a banking client for digital account opening, retail loans, ECM, and collection upgrades. The total value of this contract is USD 1,829,019, and the contract duration is 2 years. This international deal strengthens Newgen’s position in the banking sector.
Order 4: Knowledge and Records Management System Order
Newgen Software Technologies Pte. Ltd., a wholly owned subsidiary based in Singapore, has received an intent from a customer for the Knowledge and Records Management System (KRMS). The project is valued at SGD 17,47,298, with an execution period of 4.5 years. This international project adds value to Newgen’s global service portfolio.
About the Company
Newgen Software Technologies is a global leader in software product development, specializing in end-to-end software solutions that cover the entire spectrum of services, including workflow automation, document management, and imaging. The company focuses on delivering innovative solutions to meet the needs of various industries, ensuring businesses achieve operational efficiency and digital transformation. With a wide range of software products, Newgen helps organizations streamline processes and improve productivity.
The company operates on an annuity-based revenue model, generating recurring income from SaaS subscriptions, annual technical support and maintenance (ATS/AMC), and development services. Additionally, Newgen earns revenue from one-time upfront software license fees and
milestone-based service charges. As of FY24, Newgen serves 17 verticals, with a significant presence in the Banking & Financial Services, Insurance, and Government sectors.
Written By: Dipangshu Kundu
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