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Newgen Software reports Revenues from operations at Rs 315 cr in Q1 FY'25, up 25% YoY
Launch of Newgen LumYn — Gen AI powered hyper-personalization platform for banks
NOIDA, India, July 22, 2024 /PRNewswire/ -- The management of Newgen Software Technologies Ltd. announced results for the quarter ended June 30, 2024 at its Board Meeting held on July 18, 2024.
Key Highlights- Q1 FY'25 v/s Q1 FY'24
RevenuesRs 315 Cr(25% YoY growth)
Profit after TaxRs 48 Cr(58% YoY growth)
New LogoWins13
Commenting on the Company's performance, Mr. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd., said, "As we start a new financial year, we are happy to close another robust performance quarter in terms of revenues and profits. The quarter registered 25% revenue growth, driven by strong business across all regions. We had good additions in our client portfolio and added 13 new logos in Q1. New business from our existing customer base also contributed significantly to our revenue growth, reaffirming our deep and long-term customer relationships and ability to deliver value to our customers."
"Our solutions in trade, ...