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Business Standard
5 days ago
- Business
- Business Standard
$2.5 million deal pushes Newgen Software share price 9% higher on June 5
Newgen Software share price rallied on the back of a $2.5 million international deal win. The contract is for five (5) years. Newgen Software share price: Software firm Newgen Software share price was buzzing in trade on Thursday, June 5, 2025, with the scrip rising up to 9.07 per cent higher to ₹1,335.70 per share. What led to the rally in Newgen Software share price? Newgen Software share price rallied on the back of a $2.5 million international deal win. In an exchange filing, Newgen Software said, 'This is to inform you that we have received and accepted an Award from a customer for the procurement of Enterprise Workflow & Content Management System. The aggregate value of the aforesaid Award is $2,500,372 (USD two million five hundred thousand three hundred seventy-two).' The terms of the order includes supply of Newgen Software's product and its implementation for the customer digital transformation across multiple lines of business. Newgen Software Q4 results Newgen Software Technologies posted a 2.8 per cent year-on-year (YoY) rise in consolidated net profit to ₹108.3 crore in Q4FY25, aided by robust revenue growth, particularly from international markets. In the same quarter last year (Q4FY24), the company posted a profit of ₹105.26 crore. Operational revenue for Q4FY25 stood at ₹429.8 crore, marking a 14.5 per cent increase from ₹375.2 crore in the year-ago period. The growth was driven by strong performance in the Asia-Pacific and US markets, the company said in a statement. On a sequential basis, net profit and revenue rose 21.6 per cent and 12.7 per cent, respectively. For the full financial year (FY25), Newgen posted a 20.5 per cent increase in profit at ₹315.2 crore, compared to ₹251.6 crore in FY24. Annual revenue climbed 19.5 per cent to ₹1,486.8 crore, led by strong license and implementation revenues. "Growth was driven by strong license and implementation revenues across markets. Our large customer base, with billing of over ₹5 crore, increased to 87 customers from 65 customers last year. The quarter specifically witnessed strong growth and deal wins in the US region," said Diwakar Nigam, chairman and managing director, Newgen Software Technologies. ALSO READ | About Newgen Software Newgen Software Technologies is a software company specialising in digital transformation through its flagship platform, NewgenONE. The platform integrates advanced technologies such as AI, low-code development, and cloud computing to streamline business operations. With a strong focus on process automation, content management, and communication enhancement, Newgen empowers organisations to achieve operational efficiency, agility, and compliance. Catering to a broad spectrum of industries including banking, insurance, and government, Newgen offers scalable, AI-enabled solutions tailored to sector-specific needs. Its global customer base benefits from a unified platform that supports rapid application development, intelligent automation, and seamless integration—enabling businesses to build content-centric, customer-facing applications with speed and precision. The company has a workforce of around 4,600 employees.
Mint
5 days ago
- Business
- Mint
Newgen Software share price jumps 9% on $2.5 million international deal
Shares of Newgen Software Technologies surged as much as 9 percent in intra-day trading on Thursday, June 5, after the company secured a significant $2.5 million international order for a digital transformation initiative. The stock touched ₹ 1,335.70 during the session, marking one of the top gainers in the IT midcap space for the day. The rally was fueled by back-to-back positive triggers — a substantial international deal announcement and robust financial results for the quarter and year ended March 31, 2025 — both of which have bolstered investor confidence. In a regulatory filing made on Wednesday, June 4, Newgen Software announced that it has secured and accepted a $2.5 million (approximately ₹ 20.8 crore) contract from an overseas client. The deal encompasses the supply and implementation of the company's Enterprise Workflow and Content Management System. The five-year contract includes licensing, implementation, and support services. The deployment of Newgen's technology solutions will support digital transformation initiatives across multiple business lines of the client, further solidifying Newgen's reputation as a leading provider of low-code, content, and process automation platforms globally. This strategic win is seen as another step in Newgen's expanding international footprint, particularly in the enterprise digital transformation space where demand continues to grow. Complementing the deal announcement, Newgen also released its financial results for the fourth quarter and full financial year FY25, showcasing steady and profitable growth. For Q4 FY25, the company reported a 2.8 percent year-on-year rise in consolidated net profit to ₹ 108.3 crore, compared to ₹ 105.26 crore in the same quarter last year. Revenue from operations stood at ₹ 429.8 crore, reflecting a 14.5 percent increase from ₹ 375.2 crore in Q4 FY24. Sequentially, profit jumped 21.6 percent, while revenue grew 12.7 percent. For the full fiscal year FY25, Newgen posted a 20.5 percent jump in net profit to ₹ 315.2 crore from ₹ 251.6 crore in FY24. Total revenue for the year reached ₹ 1,486.8 crore, marking a 19.5 percent year-on-year increase, largely driven by strong license and implementation revenues, particularly from the APAC and US markets. Diwakar Nigam, Chairman and Managing Director of Newgen Software Technologies, noted that the company saw strong traction in its core markets and attributed the growth to robust deal wins and an expanding customer base. 'Our large customer base, with billings exceeding ₹ 5 crore, has increased to 87 customers from 65 last year. The US region was particularly strong in terms of new contracts,' he said. The IT stock's performance in recent months has mirrored its operational strength and global expansion strategy. After hitting a 52-week high of ₹ 1,795.50 in January 2025 and a low of ₹ 740.05 in April, the stock has rebounded sharply. In the past one year, the stock has rallied around 41 percent. It has also gained 6 percent in June so far, following a 25.4 percent surge in May. Prior to that, it had seen a marginal correction of 1 percent in April and a 6.4 percent rise in March. The stock had seen sharp declines of 38.4 percent and 10.7 percent in January and February, respectively, but the recent recovery signals renewed investor confidence in its growth trajectory. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
02-05-2025
- Business
- Business Standard
Newgen Software Q4 results: PAT rises 2.8% to ₹108.3 cr on higher revenue
IT company Newgen Software has reported a 2.8 per cent growth in consolidated net profit to Rs 108.3 crore in the quarter ended March 31, 2025 on higher revenues. It had logged a profit of Rs 105.26 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing. Revenue from operations for Q4 FY25 came in at Rs 429.8 crore, a 14.5 per cent climb from Rs 375.2 crore in Q4 FY24. Revenue was driven by strong growth in the APAC and the US region, a company statement said. Seen sequentially, profit and revenue rose 21.6 per cent and 12.7 per cent, respectively. For the full FY25, profit jumped 20.5 per cent to Rs 315.2 crore, as against Rs 251.6 crore in FY24. Revenue in FY25 increased 19.5 per cent to reach 1,486.8 crore, on the back of license and implementation revenues. "Growth was driven by strong license and implementation revenues across markets. Our large customer base, with billing of over Rs 5 crores, increased to 87 customers from 65 customers last year. The quarter specifically witnessed strong growth and deal wins in the US region," said Diwakar Nigam, Chairman and Managing Director, Newgen Software Technologies. Noida-headquartered Newgen Software has about 4,600 employees.
Business Standard
02-05-2025
- Business
- Business Standard
Newgen Software Tech jumps as Q4 PAT spurts 22% QoQ
Newgen Software Technologies surged 9.10% to Rs 1,077.50 after the company's consolidated net profit jumped 21.73% to Rs 108.34 crore on a 12.8% rise in revenue from operations to Rs 429.89 crore in Q4 FY25 over Q3 FY25. On a year-on-year basis, the company's net profit and revenue advanced 2.92% and 14.59%, respectively, in the quarter ended 31 March 2025. The strong performance was driven by robust license and implementation revenues across key markets. Annuity revenue streamsincluding ATS/AMC, support, and cloud/SaaS subscriptionsstood at Rs 219 crore, while revenue from implementation and other services reached Rs 339 crore. Profit before tax (PBT) rose 9.49% year-on-year (YoY) and 32.49% quarter-on-quarter (QoQ) to Rs 141.27 crore in Q4 FY25. EBITDA was at Rs 1,372 crore during the quarter (up 12% YoY). EBITDA margin improved to 31.9% in Q4 FY25, compared to 32.7% registered in Q4 FY24. Diwakar Nigam, chairman & managing director, Newgen Software Technologies, said, FY25 was a year of healthy revenue growth and margin expansion for Newgen. Growth was driven by strong license and implementation revenues across markets. Our large customer base, with billing of over Rs 5 crores, increased to 87 customers from 65 customers last year. The quarter specifically witnessed strong growth and deal wins in the US region. Looking ahead, we see strong momentum building across our business and are energized by the growth prospects ahead. Virender Jeet, CEO of Newgen Software, said, Newgen continues to accelerate its AI-first strategy with significant investments in AI-driven products and solutions. This year, we have launched groundbreaking AI agentsLumyn, Harper, and Marvinwhich have already demonstrated their potential through several promising and viable use cases. We anticipate further growth and innovation in AI-led journeys as we build upon these successes. Newgen Software Technologies is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen's industry-recognized low-code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud.
Time of India
02-05-2025
- Business
- Time of India
Newgen Software Q4 Results: Profit up 2.8% to Rs 108.3 crore
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel IT company Newgen Software has reported a 2.8 per cent growth in consolidated net profit to Rs 108.3 crore in the quarter ended March 31, 2025 on higher revenues. It had logged a profit of Rs 105.26 crore in the corresponding quarter of the previous fiscal, according to a regulatory from operations for Q4 FY25 came in at Rs 429.8 crore, a 14.5 per cent climb from Rs 375.2 crore in Q4 FY24. Revenue was driven by strong growth in the APAC and the US region, a company statement sequentially, profit and revenue rose 21.6 per cent and 12.7 per cent, the full FY25, profit jumped 20.5 per cent to Rs 315.2 crore, as against Rs 251.6 crore in in FY25 increased 19.5 per cent to reach 1,486.8 crore, on the back of license and implementation revenues."Growth was driven by strong license and implementation revenues across markets. Our large customer base, with billing of over Rs 5 crores, increased to 87 customers from 65 customers last year. The quarter specifically witnessed strong growth and deal wins in the US region," said Diwakar Nigam, Chairman and Managing Director, Newgen Software Newgen Software has about 4,600 employees.
