The shares of this IT firm, specializing in the business of software product development including designing and delivering end-to-end software solutions, in focus upon receiving a work order for implementation and support services worth Rs. 12.92 crores.
Price action
With a market capitalization of Rs. 14,854 crores on Monday, the shares of Newgen Software Technologies Limited rose upto 1 percent making a high of Rs. 1,105.95 per share compared to its previous closing price of Rs. 1,095.35 per share.
What Happened
Newgen Software Technologies Limited specializing in the business of software product development has received and accepted a domestic work order for implementation and support services valued at Rs. 12.92 crores and has set the contract duration of 6 years.
About the Company
Newgen Software Technologies Limited is a leading global provider of low-code platforms for process automation, content management, and customer engagement. The company specializing in delivering digital transformation solutions across industries, including banking, insurance, healthcare, and government.
Revenue Split by Segment (9M FY25)
For the 9M FY25, the revenue split by segment is as follows: 21 percent of the revenue was generated from the sale of products, while SaaS contributed 10 percent, ATS/AMC contributed 19 percent, support services 29 percent, and implementation and other services contributed 21 percent.
Key Business Highlights (Q3FY25)
Strong growth across all key markets – APAC (Ex- India grew 44 percent YoY), EMEA (19 percent YoY), India (10 percent YoY), and US (13 percent YoY) and they are also been Recognized as a “Leader” in the IDC MarketScape Report for Intelligent customer communications management and Automated document generation and Customer communication management.
Financials
The company’s revenue rose by 16.3 percent from Rs. 334.8 crore to Rs. 389.49 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 68.35 crores to Rs. 89 crores in Q3FY24-25.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
