Newgen Software Reports Revenues of
The management of
Speaking about the results, Mr.
We are happy with our customers' expanded use of our platform as we continue to get significant incremental business from existing customers. Our subscription based revenues, expecially SaaS/ Cloud are growing at a healthy rate. We have also witnessed a substantial uptick in new logo acquisitions and have added 11 logos during the quarter.
Combating the uncertain environment, we have maintained strong operating margins as well as cash generation from operations.
In the new normal, we see good demand environment across all key industry segments. BPM and ECM are important elements of most of the industry transformation deals. At Newgen, in 2021, we are now ready to make deep investments on various fronts across technology and sales and marketing for long-term growth.
Key Consolidated Financial Highlights (Q3 FY'21)
Revenue from operations (Consolidated) at
Subscription revenues (ATS/AMC and Cloud) were at
Revenue from Sale of Products/License were at
Implementation & digitization revenues were at
EBIDTA up by 92% YoY at
Profit after tax up by 48% YoY at
Key Consolidated Financial Highlights (9M FY'21)
Revenue from operations (Consolidated) at
Subscription revenues (ATS/AMC and Cloud) were at
Revenue from Sale of Products/License were at
Implementation & digitization revenues were at
EBIDTA up by 138% YoY at
Profit after tax up by 136% YoY at
Net cash generated from operating activities at
Key Business Highlights (Q3 FY'21)
Newgen positioned as a Visionary in Gartner Magic Quadrant for Content Services Platforms,
Newgen granted a patent for an invention entitled 'Remote Email Access Through Short Message Service (SMS) by the Indian Patent Office,
11 New Customer Logos addition in the Quarter, some notable successes include:
Four new logos in the
Strategic win for delivery & implementation of Newgen ECM and BPM solution for a unit of the
Mid-sized project for a full-service Retail and SME (small and medium sized enterprises) Bank in the
Accelerated performance in Banking & Financial Services, Government/PSU, and Insurance verticals with increased demand for digital transformation initiatives in these sectors. During the quarter, we received two large transformational deals from our existing customers - a leading private sector bank in
Key Awards:
*Authored by
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Newgen
Connecting Enterprises. Transforming Experiences.
Disclaimer
Media Contact: Investor Contact:
asif.khan@newgensoft.com
deepti.chugh@newgen.co.in
(C) 2021 Electronic News Publishing, source