Newgen Software reports Revenues of Rs 185cr in Q3 FY’20, up 15% YoY, PAT up 33% YoY

Newgen sees a Continued Adoption of Low Code Automation and Cloud Deployment

Key Consolidated Financial Highlights (Q3 FY’20) – [Y-o-Y Comparison] 

  • Revenue from operations (Consolidated) up 15% YoY at Rs 185.0 crores as compared to Rs 160.5 crores in Q3 FY’19. o Revenue from Sale of Products/ License were at Rs 35.9 crores o Annuity Revenue streams (ATS/AMC, Support and Cloud/SaaS) were at Rs 102.6 crores. Cloud/SaaS continues to be our fastest growing revenue component. o Implementation & Digitization revenues were at Rs 46.4 crores
  • EBITDA* was at Rs 35.8 crores, up 34% and Profit after tax is Rs 24.0 crores, up 33% due to revenue growth and cost optimization.

Key Consolidated Financial Highlights (9M FY’20) – [Y-o-Y Comparison] 

  • Revenue from operations (Consolidated) up by 13% at Rs 470 crores as compared to Rs 417 crores in 9M FY’19.
  • EBITDA* was at Rs 52.7 crores.
  • Profit after tax is Rs 31.3 crores

Key Business Highlights (Q3 FY’20)

  • Prestigious customer wins: 12 new customer additions in Q3 FY’20 including:
  • Cloud deal with a full-service commercial bank based in Massachusetts
  • A project with a government agency in Caribbean

A large project with East Africa’s largest commercial Bank 

A mid-sized project with a reputed organization for all financial solutions in the Kingdom of Saudi Arabia  Selection by a leading energy and environment solutions provider from India offering integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.

  • EMEA region witnessed growth of 87% and APAC region witnessed growth of 16%

∙ Analyst Recognitions: Newgen has been positioned a “Challenger” in Gartner Magic Quadrant for Content Services Platforms, 2019, 30 October 2019, Michael Woodbridge et al.

  • Key Awards: Newgen also received Special Recognition at Dun & Bradstreet – RBL Bank SME Business Excellence Awards 2019

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