News

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

Related posts

CHINA CHOPPER OBSERVED IN RECENT MS EXCHANGE SERVER ATTACKS

adminsmec

McAfee MVISION Insights to Bolster Cyber Defence 

adminsmec

Hikvision’s New Turbo HD X Security Solutions

adminsmec
x