Latest news with #NewgenSoftwareTechnologies
Business Standard
2 days ago
- Business
- Business Standard
CRISIL Ratings reaffirms 'A1' rating of Newgen Software
Newgen Software Technologies said that Crisil Ratings has reaffirmed its 'Crisil A1' rating on the short-term bank facilities of the company. Crisil Ratings stated that the rating continues to reflect the strong business and financial risk profiles of the group, with compound annual growth rate of 24% in revenue in the three fiscals through 2025, driven by continuous in-house research and development (R&D), new service offerings, penetration into new geographies and regular addition of customers as well as increase in order flow from existing customers. Focus on larger customers with bigger orders, continuous development and innovation in products and increasing overseas sales in new geographies will lead to revenue growth over the medium term. Earnings before interest, tax, depreciation and amortisation (EBITDA) margin is expected to remain healthy at around 24% over the medium term due to better absorption of fixed cost. Networth was strong at Rs 1,507 crore as on 31 March 2025, against Rs 1,220 crore previous fiscal. Total outside liabilities to tangible networth (TOLTNW) ratio is expected below 0.50 time over the medium term, in line with past trend. The group does not have any major capital expenditure (capex) plans over the medium term and thus, the financial risk profile will likely remain stable. The rating continues to reflect the groups sound market position, well-established clientele, geographical diversification in revenue and healthy product diversity with regular investment in R&D, and improvement in the financial risk profile. These strengths are partially offset by large fixed costs, susceptibility to employee attrition, working capital-intensive operations and exposure to fluctuations in foreign exchange (forex) rates. Newgen Software Technologies is an information technology (IT) product company that provides solutions in enterprise content management, business process management and customer communications management. Its customers are organisations belonging to the banking, telecommunications and insurance sectors. The companys 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. The scrip shed 0.39% to currently trade at Rs 1220.15 on the BSE.
Business Standard
3 days ago
- Business
- Business Standard
Newgen Software gains after securing $2.5 million international order for digital solutions
Newgen Software Technologies rallied 3.70% to Rs 1,126.90 after it has received an order worth $2.5 million (approximately ₹20.8 crore) from an international customer for the procurement of an enterprise workflow and content management system. The order includes the supply of Newgens product, along with its implementation to support the customer's digital transformation across multiple lines of business. The contract, awarded by an overseas customer, includes licensing, implementation, and support services, and will be executed over a five-year period. As part of the engagement, Newgens solutions will be deployed to drive digital transformation across multiple business lines of the client. Newgen Software confirmed that the promoter, promoter group, or group companies have no interest in the overseas entity that awarded the contract. The transaction does not qualify as a related party transaction. 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. The companys 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.
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Business Standard
3 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.
Economic Times
3 days ago
- Business
- Economic Times
Newgen Software shares soar 9% on bagging $2.5 million five-year international contract
Newgen Software shares surged on Thursday after the company secured a $2.5 million, five-year international order for its Enterprise Workflow and Content Management System. The deal includes licensing, implementation, and support services. Strong Q4 earnings and double-digit revenue growth in FY25 also boosted investor sentiment despite mixed stock performance year-to-date. Tired of too many ads? Remove Ads Newgen Software Q4 earnings Tired of too many ads? Remove Ads Newgen Software Share Price Target and Performance Shares of Newgen Software Technologies surged 9% to Rs 1,335.7 in intraday trade on Thursday after the company announced a $2.5 million international a regulatory filing on Wednesday, Newgen said it received and accepted a $2.5 million (approximately Rs 20.8 crore) contract for the supply and implementation of its Enterprise Workflow and Content Management five-year contract, awarded by an overseas client, includes licensing, implementation, and support services. Newgen's solutions will be deployed to drive digital transformation across multiple business lines of the customer. Newgen Software reported a 2.8% year-on-year rise in consolidated net profit to Rs 108.3 crore for the quarter ended March 31, 2025, driven by higher revenues. In the same quarter last year, the company posted a profit of Rs 105.26 from operations grew 14.5% to Rs 429.8 crore in Q4 FY25, up from Rs 375.2 crore in Q4 FY24, supported by strong performance in the APAC and US a sequential basis, net profit and revenue increased by 21.6% and 12.7%, the full financial year FY25, Newgen's profit rose 20.5% to Rs 315.2 crore, compared to Rs 251.6 crore in FY24. Annual revenue increased 19.5% to Rs 1,486.8 crore, driven by growth in the license and implementation to Trendlyne, the average target price for Newgen Software is Rs 1,180, indicating a potential downside of 7% from current levels. Among the five analysts covering the stock, the consensus rating is 'Buy'.At 10:16 am, the stock was trading 3.8% higher at Rs 1,270 on the BSE. The stock has gained 28% over the past three months but remains down 26% year-to-date. The company's market capitalisation stands at Rs 17,955 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
3 days ago
- Business
- Time of India
Newgen Software shares soar 9% on bagging $2.5 million five-year international contract
Shares of Newgen Software Technologies surged 9% to Rs 1,335.7 in intraday trade on Thursday after the company announced a $2.5 million international order. In a regulatory filing on Wednesday, Newgen said it received and accepted a $2.5 million (approximately Rs 20.8 crore) contract for the supply and implementation of its Enterprise Workflow and Content Management System. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo The five-year contract, awarded by an overseas client, includes licensing, implementation, and support services. Newgen's solutions will be deployed to drive digital transformation across multiple business lines of the customer. Play Video Play Skip Backward Skip Forward Mute Current Time 0:00 / Duration 0:00 Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions and subtitles off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Also Read: MRF snatches India's highest-priced stock crown back from Elcid Investments Newgen Software Q4 earnings Newgen Software reported a 2.8% year-on-year rise in consolidated net profit to Rs 108.3 crore for the quarter ended March 31, 2025, driven by higher revenues. In the same quarter last year, the company posted a profit of Rs 105.26 crore. Live Events Revenue from operations grew 14.5% to Rs 429.8 crore in Q4 FY25, up from Rs 375.2 crore in Q4 FY24, supported by strong performance in the APAC and US markets. On a sequential basis, net profit and revenue increased by 21.6% and 12.7%, respectively. For the full financial year FY25, Newgen's profit rose 20.5% to Rs 315.2 crore, compared to Rs 251.6 crore in FY24. Annual revenue increased 19.5% to Rs 1,486.8 crore, driven by growth in the license and implementation segments. Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months Newgen Software Share Price Target and Performance According to Trendlyne, the average target price for Newgen Software is Rs 1,180, indicating a potential downside of 7% from current levels. Among the five analysts covering the stock, the consensus rating is 'Buy'. At 10:16 am, the stock was trading 3.8% higher at Rs 1,270 on the BSE. The stock has gained 28% over the past three months but remains down 26% year-to-date. The company's market capitalisation stands at Rs 17,955 crore. Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4 ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
