Conference Call with Newgen Software Technologies Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
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