IT Consulting & Software company Newgen Software Technologies announced 9MFY25 & Q3FY25 results Q3FY25 Financial Highlights: Revenue from operations (consolidated) witnessed growth of 18% Q3 YoY, reaching Rs 381 crore as compared to Rs 324 crore in Q3FY24. License sales up by 70% Q3 YoY due to good deal velocity. Annuity revenue streams (ATS/AMC, support, and cloud/SaaS and Subscription license) were at Rs 208 crore. Revenue from the sale of products/license were at Rs 94 crore. Revenue from Implementation and others were at Rs 79 crore. Profit after tax stood at Rs 89 crore during the quarter, up 30% YoY compared to Rs 68 crore in Q3FY24. 9MFY25 Financial Highlights: Revenue from operations (consolidated) witnessed growth of 22% 9MFY25 YoY, reaching Rs 1057 crore as compared to Rs 869 crore in 9MFY24. Annuity revenue streams (ATS/AMC, support, and cloud/SaaS and Subscription license) were at Rs 614 crore. Revenue from the sale of products/license were at Rs 217 crore. Revenue from Implementation and others were at Rs 226 crore. Profit after tax stood at Rs 207 crore during 9MFY25, up 41% YoY compared to Rs 146 crore in 9MFY24. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies, said: “We continue to solidify our business and cultivate our customer relationships during the quarter. License revenues have grown by 70% YoY during Q3 with good deal velocity and several significant deal closures. We witnessed strong growth in Banking & Financial Services and Government verticals during the quarter. We are also entrenching deeper in the Insurance & Healthcare verticals across markets. We have been recognized in the Gartner Magic Quadrant for Enterprise Low-Code Application Platforms fifth time in a row. We believe, this is a testament to our unwavering commitment to innovation and excellence.” Virender Jeet, CEO, Newgen Software, said: “We are happy to share with immense pride and satisfaction that Newgen has been certified as a Great Place to Work by the Great Place to work institute in December 2024. We are committed to create a high trust high performance culture at Newgen as we scale up.” Result PDF
Conference Call with Newgen Software Technologies Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software Stocks company Newgen Software Technologies announced Q2FY25 results Financial Highlights: Revenue from operations (consolidated) witnessed a strong growth of 23% Q2 YoY, reaching Rs 361 crore as compared to Rs 293 crore in Q2FY24. Annuity revenue streams (ATS/AMC, support, and cloud/SaaS and Subscription license) were at Rs 205 crore. Revenue from the sale of products/license were at Rs 77 crore. Revenue from Implementation and others were at Rs 79 crore. Profit after tax stood at Rs 70 crore during the quarter, up 47% YoY compared to Rs 48 crore in Q2FY24. Business Highlights: Significant deal closures include: A project of ~Rs 25 crore from a large insurance company in India for building their system of engagement. Providing Enterprise Content Management Solution to one of the Top financial institutions in the US with an aggregate order value is USD 1.5 million. Order from a leading financial leasing company in Saudi Arabia with an order value of USD 1.5 million for loan origination and collection system. In India, received an order from a large infrastructure financing services company with a value of Rs 16.9 crore. In APAC region, entered into contract with Singapore’s leading financial institution. 8 new logo additions during the quarter. Recognized in Forrester’s The Task-Centric Automation Software Landscape, Q3CY24. Recognized in Forrester’s The Content Platforms Landscape, Q3CY24. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies said: “We are excited to report another strong growth quarter in terms of revenue and profits. License revenues have grown by 52% YoY with a number of significant deal closures. We continue to see customers expanding their adoption of our platform and solutions, increasing the overall lifetime value of our customer relationships. During the quarter, we have seen continuous traction across our existing accelerator lines, including Customer Onboarding, SME Lending, Supply Chain Finance, Payment Hub and Trade Finance. We are also strengthening our footprint in the emerging markets through newer solutions". Virender Jeet, CEO, Newgen Software said: “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.” Result PDF