Newgen Software Technologies Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Newgen Software Technologies will hold a meeting of the Board of Directors of the Company on 20 January 2025.

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Newgen Software Inc. (NSI), incorporated in the USA, the material Subsidiary of Newgen Software Technologies has executed an agreement with a USA based Healthcare Client for enterprise content management. The aggregate value of the aforesaid agreement for the initial three years is USD 2,576,284.

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The said order amounting to Rs 23,99,05,800, is set to be completed within a period of six years.

In an exchange filing, the company confirmed that neither its promoters, promoter group, nor group companies have any stake or interest in Aye Finance. Additionally, it clarified that this transaction does not qualify as a related party transaction.

The announcement was made after market hours on 27 December, 2024.

Newgen Software Technologies is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen's industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries.

The company’s consolidated net profit surged 47.2% to Rs 70.33 crore in Q2 FY25 as against Rs 47.79 crore posted in Q2 FY24. Revenue from operations jumped 23.2% YoY to Rs 361.16 crore in the quarter ended 30 September 2024.

The scrip had declined 3.71% to end at Rs 1,623.65 on the BSE on Friday.

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Newgen Software Technologies LLC, a wholly owned subsidiary incorporated in Dubai, has received a letter with commercial terms from a customer intending to engage the aforesaid subsidiary company for the implementation of the Digital Lending and Onboarding Platform for Retail Product, accordingly the said letter with the commercial value has been accepted by the aforesaid subsidiary company. The aggregate commercial value, as agreed, with the customer is USD 2,000,000/-.

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