Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Newgen Software reports Revenues of Rs 285cr in H1 FY'20, up 11% YoY

Posted On: 2019-10-22 21:54:24

The management of Newgen Software Technologies Ltd. announced results for the Quarter and Financial period ended 30 September 2019 at its Board Meeting held on 22 October 2019.

Key Financial Highlights (Q2 FY'20) - [Y-o-Y Comparison]

- Revenue from operations (Consolidated) up 3% YoY at Rs 154.0 crores as compared to Rs 149.7 crores in Q2 FY'19.

* Revenue from Sale of Products/ License were at Rs 29.1 crores
* Annuity Revenue streams (ATS/AMC, Support and Cloud/SaaS) were at Rs 90.4 crores. Cloud/SaaS continues to be our fastest growing revenue component.
* Implementation & Digitization revenues were at Rs 34.5 crores

- EBITDA* was at Rs 9.1 crores as the Company continued to make investments in talent acquisition and employee retention.

- Profit after tax is Rs 4.2 crores.

Key Financial Highlights (H1 FY'20) - [Y-o-Y Comparison]

- Revenue from operations (Consolidated) up by 11% at Rs 285.0 crores as compared to Rs 256.1 crores in H1 FY'19.
- EBITDA* was at Rs 16.9 crores.
- Profit after tax is Rs 7.3 crores.

Speaking about the results, Mr. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said - "During H1 FY'20, we witnessed growth across geographies with APAC and Americas region remaining strong. Our efforts on new logos have resulted in us adding 38 new logos including 6 cloud deals in Banking & Healthcare segments in Americas region.

Q2 FY'20 was particularly slow for us given the market headwinds in India and EMEA region. However, we continue to remain focused on our operations and in investing in building capabilities for the future."

Shares of Newgen Software Technologies Ltd was last trading in BSE at Rs.247.5 as compared to the previous close of Rs. 267. The total number of shares traded during the day was 5233 in over 300 trades.

The stock hit an intraday high of Rs. 267 and intraday low of 246.3. The net turnover during the day was Rs. 1337015.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Trigyn awarded - National Cooperative Purchasing Alliance (NCPA) - IT Services Contract

IFGL Refractories Ltd board to consider Q4FY20, FY2020 results, final dividend on July 18, 2020

Bandhan Bank Ltd reports Q1FY21 net profit of Rs. 549.81 crore

TCS Now Second Largest Among UK Software and IT Services Companies

Zydus Cadila receives final approval from USFDA for Betamethasone Dipropionate Ointment

Tata Consumer Products Ltd board to approve Q1FY21 results on Aug 4, 2020

Maruti Suzuki to proactively recall 134,885 units of WagonR and Baleno

NELCO Ltd board to approve quarterly results on July 31, 2020

Sonata Software Ltd board to announce 1st quarter results on Aug 10, 2020

Steel Strips Wheels Ltd bags news orders for mobile home market from USA

Havells India Ltd board to consider Q1FY21 results on July 27, 2020

Zydus starts the Human Dosing for Adaptive Phase I & II clinical trials

Chinese firm announces open offer to acquire shares of Thirdwave Financial Intermediaries Limited

Majesco Enables United Educators Digital Transformation Journey

Aarti Surfactants Ltd FY20 PAT at Rs. 2.09 crore

ICRA Limited Board approves audited financial results for Q4, FY2020

Oriental Hotels Ltd board to approve first quarter results on July 28, 2020

Indiamart Intermesh Ltd board to announce quarterly results on July 21, 2020

Bharti Infratel Ltd board to consider 1st quarter results on July 27, 2020

Monnet Ispat & Energy Ltd board to approve Q1FY21 results on July 21, 2020

ICRA Ltd Board approves Dividend of Rs. 27 for FY20

Vanguard and Infosys announce strategic partnership

India Ratings Downgrades HEG to 'IND AA-'/Stable

Prestige Estates subsidiary acquires equity stake in DB (BKC) Realtors Private Limited

Gujarat Hotels Ltd posts Rs. 0.87 crore PAT in Q1FY21

Oberoi Realty Ltd Q1FY21 consolidated PAT slides to Rs. 28.07 crore

YES Bank approves allocation of 3,415,384,614 Equity Shares to anchor investors

National Peroxide Ltd Board approves dividend of Rs. 12.50

Oberoi Realty Ltd board approves fund raising proposals

Suzlon Energy Limited allots 51,19,92,560 shares

CreditAccess Grameen Limited board to consider terms of NCD issue on July 17, 2020

IDFC First Bank Ltd board to announce Q1FY21 results on July 28, 2020

Oberoi Realty Ltd Q4FY20 consolidated PAT climbs to Rs. 250.96 crore

National Peroxide Ltd Q4FY20 net profit at Rs. 3.03 crore

AAI, BEL sign MoU for co-operation in Civil Aviation industry

Godrej Properties Ltd board to announce Q1FY21 results on Aug 5, 2020

Hero MotoCorp announced as the Title Partner of Hero Open

Opto Circuits India Ltd sinks to FY2020 loss of Rs. 1367.86 crore

Emami group completes stake sale in Emami Cement

ICICI Securities Ltd board to approve 1st quarter results on July 22, 2020

Chambal Fertilisers & Chemicals Ltd board to announce Q1FY21 results on July 29, 2020

Salasar Techno Engineering Ltd updates on tower supply agreement

Dhanlaxmi Bank Limited to exercise call option on bonds

Indo Amines Ltd board to consider Q4FY20 results on July 20, 2020

Paramount Communications Ltd posts consolidated PAT of Rs. 5 crore in Q4 FY20

Reliance Industrial Infrastructure Ltd Q1FY21 net profit at Rs. 2.05 crore

Delta Corp Ltd Q1FY21 consolidated loss at Rs. 28.24 crore

International Travel House Ltd Q1FY21 loss widens to Rs. 15.97 crore

Manappuram Finance Ltd board to consider Q1 FY2021 results on July 29, 2020

Verizon and Airtel Partner to Bring Secure Enterprise-Grade BlueJeans Video Conferencing to India

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019