Tuesday, December 5, 2023
Tuesday, December 5, 2023
HomeINB EnglishRevenues at Rs 293 cr in Q2 FY’24, up 30% Q2 YoY;...

Revenues at Rs 293 cr in Q2 FY’24, up 30% Q2 YoY; Profit after Tax at Rs 48 cr, up 59% Q2 YoY

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The management of Newgen Software Technologies Ltd. announced results for the quarter
ended September 30, 2023 at its Board Meeting held on October 17, 2023.

Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “We continue to build upon the business momentum with four consecutive high growth quarters now. We witnessed a strong Q2 performance with 30% YoY revenue growth and margin expansion compared to same quarter last year.

We have been making deeper penetration through our Digital Lending Platform in the banking sector and have received high value orders during the quarter as market activity picks up in this segment across different geographies. We are becoming a preferred and trusted platform in the banking ecosystem for accelerating their business. We are further working on expanding our market footprint through opening of new offices.

“Using Newgen’s Low Code Platform based on a modern architecture of microservices and AI/ML, we continue to innovate for customers making our solutions more efficient, productive, and collaborative.” said Virender Jeet, CEO, Newgen Software.

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