Newgen Software Technologies will hold a meeting of the Board of Directors of the Company on 20 January 2025.Powered by Capital Market - Live

Newgen Software Inc. (NSI), incorporated in the USA, the material Subsidiary of Newgen Software Technologies has executed an agreement with a USA based Healthcare Client for enterprise content management. The aggregate value of the aforesaid agreement for the initial three years is USD 2,576,284. Powered by Capital Market - Live

The said order amounting to Rs 23,99,05,800, is set to be completed within a period of six years. In an exchange filing, the company confirmed that neither its promoters, promoter group, nor group companies have any stake or interest in Aye Finance. Additionally, it clarified that this transaction does not qualify as a related party transaction. The announcement was made after market hours on 27 December, 2024. 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. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. The company's consolidated net profit surged 47.2% to Rs 70.33 crore in Q2 FY25 as against Rs 47.79 crore posted in Q2 FY24. Revenue from operations jumped 23.2% YoY to Rs 361.16 crore in the quarter ended 30 September 2024. The scrip had declined 3.71% to end at Rs 1,623.65 on the BSE on Friday. Powered by Capital Market - Live

Newgen Software Technologies LLC, a wholly owned subsidiary incorporated in Dubai, has received a letter with commercial terms from a customer intending to engage the aforesaid subsidiary company for the implementation of the Digital Lending and Onboarding Platform for Retail Product, accordingly the said letter with the commercial value has been accepted by the aforesaid subsidiary company. The aggregate commercial value, as agreed, with the customer is USD 2,000,000/-. Powered by Capital Market - Live

Newgen Software Technologies announced that Newgen Software Technologies Company, the wholly owned subsidiary incorporated in Saudi Arabia has received and accepted the Purchase Order. The aggregate value of the aforesaid purchase order is USD 2,266,667.Powered by Capital Market - Live

According to an exchange filing, the order has been awarded by an international entity and is set to be executed within a year. The company also clarified that this 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. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. The company's consolidated net profit surged 47.2% to Rs 70.33 crore in Q2 FY25 as against Rs 47.79 crore posted in Q2 FY24. Revenue from operations jumped 23.2% YoY to Rs 361.16 crore in the quarter ended 30 September 2024. The scrip shed 0.43% to Rs 1,580 on the BSE. Powered by Capital Market - Live

The said order involves implementation and maintenance of the Regulatory Application Management System (RAMS) of RBI. The purchase order is valued at Rs 32,44,67,835 and it will be executed within a 7 years. This purchase order is subject to Newgen's acceptance of all terms and conditions outlined in the Request for Proposal (RFP) and the purchase order. Additionally, 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. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. The company's consolidated net profit surged 47.2% to Rs 70.33 crore in Q2 FY25 as against Rs 47.79 crore posted in Q2 FY24. Revenue from operations jumped 23.2% YoY to Rs 361.16 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

Newgen Software Technologies Ltd fell 5.09% today to trade at Rs 1171.05. The BSE Information Technology index is down 0.82% to quote at 41735.51. The index is down 1.55 % over last one month. Among the other constituents of the index, AXISCADES Technologies Ltd decreased 3.02% and Infosys Ltd lost 1.98% on the day. The BSE Information Technology index went up 27.17 % over last one year compared to the 18% surge in benchmark SENSEX. Newgen Software Technologies Ltd has lost 6.98% over last one month compared to 1.55% fall in BSE Information Technology index and 4.42% drop in the SENSEX. On the BSE, 2250 shares were traded in the counter so far compared with average daily volumes of 19070 shares in the past one month. The stock hit a record high of Rs 1547.2 on 26 Sep 2024. The stock hit a 52-week low of Rs 584.5 on 15 Nov 2023.Powered by Capital Market - Live

Net profit of Newgen Software Technologies rose 47.16% to Rs 70.33 crore in the quarter ended September 2024 as against Rs 47.79 crore during the previous quarter ended September 2023. Sales rose 23.16% to Rs 361.16 crore in the quarter ended September 2024 as against Rs 293.24 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales361.16293.24 23 OPM %22.9819.52 - PBDT100.5765.46 54 PBT92.5858.60 58 NP70.3347.79 47 Powered by Capital Market - Live

Newgen Software Technologies has granted 5,30,100 stock options under ESOP on 15 October 2024. Powered by Capital Market - Live