Conference Call with Newgen Software Technologies Ltd. Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Software and services company Newgen Software Technologies Ltd. declares Q3FY22 result: Newgen Software Reports Total Income of Rs 210 cr in Q3 FY’22, up 11% YoY Net Profit at Rs 48 cr, up 35% YoY Revenue from operations (consolidated) at Rs 202.5 crores as compared to Rs 185.5 crores in Q3 FY’21, up 9% YoY Subscription revenues (ATS/AMC and SaaS) stood at Rs 61.7 crores, up 20% YoY, Annuity revenues (ATS/AMC, Support, and SaaS) were at Rs 111.6 crores, witnessing a growth of 11% YoY Revenue from the sale of products/license was reported at Rs 49.8 crores, up 37% YoY Implementation and digitization revenues were at Rs 41.2 crores EBIDTA stood at Rs 57.9 crores compared to Rs 68.8 crores in Q3 FY’21. EBIDTA decreased on account of normalization of cost base compared to last year as well as increased remuneration to manage attrition Profit after tax went up by 35% YoY at Rs 47.8 crores from Rs 35.4 crores in Q3 FY’21 Key Consolidated Financial Highlights (9M FY’22 v/s 9M FY’21) Revenue from operations (consolidated) at Rs 547.5 crores as compared to Rs 472.6 crores in 9M FY’21, up 16% YoY. Annuity revenues were at Rs 330.9 crores, witnessing a growth of 16% YoY. EBIDTA stable at Rs 127.2 crores compared to Rs 125.5 crores in 9M FY’21. Profit after tax up by 45% YoY at Rs 106.8 crores from Rs 73.7 crores in 9M FY’21 Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd., said – “Q3 has been on the path of continuous progression amidst ongoing uncertain environment. The quarter witnessed 20% YoY growth in subscription revenues however, several of these orders have long gestation leading to deferment of revenues. We continue to see major wins and expansion of business in our existing customers and added 17 new logos as well. Overall, in the first nine months of the year, we have clocked in revenues of Rs 548 crores and profit after tax of Rs 107 crores.” “Newgen is pleased to announce that it is acquiring India-based Number Theory, an AI/ML (artificial intelligence and machine learning) data science platform company, subject to the completion of conditions as stated in the approved Share Purchase Agreement. Number Theory’s platform, AI Studio, brings intuitive AI/ML to every enterprise, while unifying the entire lifecycle of data engineering, from data preparation to model development and monitoring. This acquisition will further strengthen Newgen’s low code digital transformation platform, NewgenONE, with AI/ML modeling and data analytics capabilities” said Virender Jeet, CEO, Newgen Software. Result PDF
Conference Call with Newgen Software Technologies Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Newgen Software Reports Total Income of Rs 192 cr in Q2 FY’22, up 22% YoY; Net Profit at Rs 37 cr, up 28% YoY Highlights: Revenue from operations (consolidated) at Rs 185.5 crores as compared to Rs 155.0 crores in Q2 FY’21, up 20% YoY Annuity revenues (ATS/AMC, Support, and SaaS) were at Rs 114.6 crores, witnessing a growth of 17% YoY. Subscription revenues (ATS/AMC and SaaS) stood at Rs 60.9 crores up 23% YoY, with the continued increase in the cloud business Revenue from the sale of products/license was reported at Rs 40.9 crores, up 55% YoY Implementation and digitization revenues were at Rs 30.0 crores EBIDTA up by 13% YoY at Rs 46.6 crores compared to Rs 41.1 crores in Q2 FY’21. Profit after tax up by 28% YoY at Rs 37.4 crores from Rs 29.2 crores in Q2 FY’21. Revenue from operations (consolidated) at Rs 345.0 crores as compared to Rs 287.1 crores in H1 FY’21, up 20% YoY. Annuity revenues were at Rs 219.4 crores, witnessing a growth of 19% YoY. EBIDTA up by 22% YoY at Rs 69.4 crores compared to Rs 56.7 crores in H1 FY’21. Profit after tax up by 54% YoY at Rs 59.0 crores from Rs 38.3 crores in H1 FY’21. Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd., said – “We are happy to announce another accelerated performance quarter. All our geographies witnessed growth with significant contribution from EMEA and India. Total income was up by 22% and profit after tax increased by 28% in Q2 compared to the same period last year. Enterprises are choosing Newgen as their digital transformation partner. With the recent organization-wide management changes, we are getting future-ready and strengthening our capabilities to capitalize on opportunities in the digital transformation space. We look forward to achieving newer heights with our able and experienced team.” Virender Jeet, CEO, Newgen Software Technologies Ltd. said – “Through our innovative and comprehensive platforms, we are empowering businesses and creating long-term value. We are pleased with the progress in our engagements with Global System Integrators for building a robust ecosystem in mature markets of US, Europe and Australia.” Result PDF