Latest news with #EnterpriseWorkflow
Business Upturn
2 days ago
- Business
- Business Upturn
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
Mint
3 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.
