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Newgen Software Release Q1 for FY24

Revenues at Rs 252 cr, up 34% Q1 YoY; Profit after Tax at Rs 30 cr, up 57% Q1 YoY

Company witnessed the highest quarterly YoY revenue growth rate over last 5 years

The management of Newgen Software Technologies Ltd. announced results for the quarter ended June 30, 2023 at its Board Meeting held on July 19, 2023.

Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “Continuing the strong momentum, Q1 witnessed robust growth across all geographies. The Company witnessed the highest quarterly YoY revenue growth rate.  

We are witnessing immense opportunities for digital journeys across the financial services sector  as well as new requirements for automation at scale.  The launch of the recent version of NewgenONE platform further shows our committed towards this direction. We are embedding AI and generative AI capabilities in our platforms, redefining the future enterprise automations.” 

“During the quarter, we witnessed strong bookings from both – existing and new customers. We are working on building a long term sustainable organization creating robust partner ecosysytems, long term customer relationships, dependable supply chains and a diverse employee base.” said Virender Jeet, CEO, Newgen Software.

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