Newgen Software reported revenue of ? 2.5bn, up 34% YoY in Q1FY24. Strong revenue growth in a seasonally weak quarter was driven by high growth in license revenue (up 185% YoY) and annuity revenue (up 26.3% YoY). Growth was strong across all markets - APAC grew 45.7% YoY, EMEA grew 38.4%, US grew 35.8% and India grew 24.5%.