Newgen Software shares surge 8% on winning $2.5 million contract
By Aman Shukla Published on June 5, 2025, 09:22 IST
Shares of Newgen Software Technologies jumped 8% in Thursday's trade after the company announced a significant international order win. As of 9:21 AM, the shares were trading 7.55% higher at Rs 1,316.90.
The company has received and accepted an award worth $2.5 million (approximately ₹20.8 crore) from an overseas client for the procurement and implementation of its Enterprise Workflow and Content Management System.
This order includes the supply of Newgen's proprietary software along with end-to-end implementation and ongoing support. The project is aimed at driving digital transformation across multiple lines of business for the international customer and is expected to be executed over a period of five years.
Newgen highlighted that the nature of the order covers licensing, implementation, and support services, reinforcing its growing presence in the international markets.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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