Newgen Software reports Revenues from operations at Rs 1,057 cr in 9M FY’25, up 22% YoY, Profit after Tax at Rs 207 cr, up 41% in 9M FY’25
New
Delhi, India – January 20, 2025
The
management of Newgen Software Technologies Ltd. announced results for the
quarter ended December 31, 2024 at its Board Meeting held on January 20, 2025.
Key Highlights- Q3 FY’25 v/s Q3 FY’24
Revenues: Rs. 381 Cr (18% YoY growth)
New Logos: 15
Profit after Tax: Rs 89 Cr (30% YoY
growth)
Commenting on the Company’s performance, Mr.
Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies
Ltd. said – “We continue to solidify our business and cultivate our customer
relationships during the quarter. License revenues have grown by 70% YoY during
Q3 with good deal velocity and several significant deal closures. We witnessed
strong growth in Banking & Financial Services and Government verticals
during the quarter. We are also entrenching deeper in the Insurance & Healthcare
verticals across markets. We have been
recognized in the Gartner® Magic Quadrant™ for Enterprise Low-Code Application
Platforms fifth time in a row. We believe, this is a testament to our
unwavering commitment to innovation and excellence.”
“We are happy to share with immense pride and
satisfaction that Newgen has been certified as a Great Place to Work by the
Great Place to work institute in December 2024. We are committed to create a
high trust high performance culture at Newgen as we scale up” said Mr. Virender
Jeet, CEO, Newgen Software.
Key Consolidated Financial Highlights (Q3
FY’25)
Revenue
from operations (consolidated) witnessed growth of 18% Q3 YoY, reaching Rs 381
crore as compared to Rs 324 crore in Q3 FY’24. License sales up by 70% Q3 YoY due to good
deal velocity.
· Annuity
revenue streams (ATS/AMC, support, and cloud/SaaS and Subscription license)
were at Rs 208 crores
· Revenue
from the sale of products/license were at Rs 94 crores
· Revenue
from Implementation and others were at Rs 79 crores
Profit after tax stood at Rs
89 crore during the quarter, up 30% YoY compared to Rs 68 crore in Q3 FY’24.
Key Consolidated Financial Highlights (9M
FY’25)
Revenue
from operations (consolidated) witnessed growth of 22% 9M FY’25 YoY, reaching
Rs 1057 crore as compared to Rs 869 crore in 9M FY’24.
· Annuity
revenue streams (ATS/AMC, support, and cloud/SaaS and Subscription license)
were at Rs 614 crores
· Revenue
from the sale of products/license were at Rs 217 crores
· Revenue
from Implementation and others were at Rs 226 crores
Profit after tax stood at Rs
207 crore during 9M FY’25, up 41% YoY compared to Rs 146 crore in 9M FY’24.
Key Business Highlights (Q3 FY’25)
·
Significant deal closures
include:
o Working
for the Reserve Bank of India for implementation and maintenance of the
Regulatory Application Management System with aggregate value of INR 32 crores
o
In India, entered into
agreement with Aye Finance Ltd. for Loan Origination Solution for aggregate
commercial value of INR 24 crores
o
In Saudi Arabia, entered into
agreement of USD 2.3mn with a large power generation and transmission company
o
Providing Knowledge and
Records Management System to a customer in Singapore with total contract value
of SGD 1.7mn
o
In US, entered into a contract
with a Banking Client for Digital Account Opening, Retail Loans, ECM &
Collection Upgrade for a total contract value of USD 1.8mn
o
In India, received a contract
for Newgen Remittance system for value of INR 20.8 crores
o
In EMEA region, entered into
contract for providing Digital Lending and Onboarding Platform for Retail
Product with total value of USD 2mn
o
Providing Credit Automation
services to a leading banking and financial services company in Africa region
with aggregate value of USD 1.6mn.
o
·
Strong growth across all key markets – APAC (44% YoY), EMEA (19% YoY), India (10% YoY),
and US (13% YoY)
·
Recognized as a ‘Niche Player’ in the Gartner®
Magic Quadrant™ for Enterprise Low-Code Application Platforms (LCAP) 2024,
fifth time in a row*
·
Recognized in Forrester’s The Low-Code
Platforms For Professional Developers Landscape, Q4 2024 on 23rd
December*
·
Recognized as a "Leader" in the
IDC MarketScape Report for Intelligent Customer Communications Management and Automated
Document Generation and Customer Communication Management
·
Recognized as a Great Place to Work – Certified™
in India for the period December 2024 to December 2025
·
CRISIL has reaffirmed the short-term rating of CRISIL
A1 for debt instruments/facilities of the Company
https://newgensoft.com/company/recognition/
About
Newgen
Newgen is the leading provider of AI
enabled 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. From onboarding to
service requests, lending to underwriting, and for many more use cases across
industries. Newgen unlocks simple with speed and agility.
For more details, visit www.newgensoft.com