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Virender Jeet, Chief Executive Officer, Newgen Software on year-end 2021 and the year ahead:
Prateek: How was the business in 2021? Did you achieve the target? Compare the business between 2021 and 2022.
Virender Jeet: In Q2 2021-2022, our total income was up by 22%, and profit after tax increased by 28% compared to the last year. Also, our SaaS revenues witnessed a growth of 35% year on year. Overall, we saw growth across all geographies with significant contributions from EMEA and India.
During the pandemic, enterprises across industries were able to leverage our NewgenONE Digital Transformation Platform to ensure smooth operations and business continuity. The cloud-ready platform offers low code capabilities to enable businesses to develop applications rapidly and adapt to dynamic business needs. We would further strengthen our platform’s capabilities and industry applications to drive intelligent automation and deliver a superior user and customer experience.
Prateek: What are the learning strategies for 2022?
Virender Jeet: The key lesson from the last two years is that you should be prepared for an unprecedented situation. Your organization needs to be flexible enough to change processes and policies as and when required. This is possible if you are using systems that are scalable to meet dynamic business needs.
With NewgenONE, we will continue to deliver innovative and agile solutions to help businesses become future-ready and adapt to changes quickly. Our low code-based digital transformation platform combines process automation, content services, and communication management capabilities and empowers professional IT developers with speed and agility. Further, with new-age capabilities, such as robotic process automation, analytics, mobility, and others, the platform helps enterprises stay current and ahead of the competition.