591.30 -11.90 (-1.97%)
NSE Jan 21, 2022 15:31 PM
Volume: 165.4K
 

591.30
-1.97%

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

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Newgen Software Technologies Ltd. is trading below it's 30 day SMA of 601.4
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