{"id":141786,"date":"2025-01-01T11:33:56","date_gmt":"2025-01-01T06:03:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=141786"},"modified":"2025-01-01T15:59:23","modified_gmt":"2025-01-01T10:29:23","slug":"it-stock-jumps-after-receiving-multiple-orders-worth-61-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-after-receiving-multiple-orders-worth-61-cr\/","title":{"rendered":"IT stock jumps after receiving multiple orders worth \u20b961 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2934276586\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>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.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-160439926\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>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.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share Price&nbsp;<\/strong><\/h2><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/NEWGEN\">Newgen Software Technologies<\/a><\/strong> 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.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Updates&nbsp;<\/strong><\/h2><p><strong>The company has won multiple orders, the details of the orders are listed below: <\/strong><\/p><div class=\"trade-content_5\" id=\"trade-133204641\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h3 class=\"wp-block-heading has-medium-font-size\"><strong>Order 1: Credit Automation Services Award&nbsp;<\/strong><\/h3><p>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.&nbsp;<\/p><h3 class=\"wp-block-heading has-medium-font-size\"><strong>Order 2: Newgen Remittance System Purchase Order&nbsp;<\/strong><\/h3><p>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\u2019s offerings in the remittance sector.&nbsp;<\/p><h3 class=\"wp-block-heading has-medium-font-size\"><strong>Order 3: Digital Account Opening Scope of Work&nbsp;<\/strong><\/h3><p>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\u2019s position in the banking sector.<\/p><h3 class=\"wp-block-heading has-medium-font-size\"><strong>Order 4: Knowledge and Records Management System Order&nbsp;<\/strong><\/h3><p>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&#8217;s global service portfolio.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>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.&nbsp;<\/p><p>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&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-403480300\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>milestone-based service charges. As of FY24, Newgen serves 17 verticals, with a significant presence in the Banking &amp; Financial Services, Insurance, and Government sectors.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By: Dipangshu Kundu<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-1333232670\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>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.&nbsp; The future of the software sector looks promising, with [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-141786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock jumps after receiving multiple orders worth \u20b961 Cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The software sector is a dynamic and rapidly growing industry, offering end-to-end software solutions that include development, deployment, maintenance, and support.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-after-receiving-multiple-orders-worth-61-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT stock jumps after receiving multiple orders worth \u20b961 Cr\" \/>\n<meta property=\"og:description\" content=\"The software sector is a dynamic and rapidly growing industry, offering end-to-end software solutions that include development, deployment, maintenance, and support.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-after-receiving-multiple-orders-worth-61-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-01T06:03:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-01T10:29:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/02\/it-laptop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-after-receiving-multiple-orders-worth-61-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-after-receiving-multiple-orders-worth-61-cr\/\",\"name\":\"IT stock jumps after receiving multiple orders worth \u20b961 Cr - 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