Profit before tax in Q1 FY27 stood at Rs 82.12 crore, down by 43.8% from Rs 146.12 crore in Q4 FY26.
As compared with Q1 FY26, the company's revenue and net profit are higher by 11.2% and 26.3%, respectively.
Annuity revenue streams (ATS/AMC, support, and cloud/SaaS and Subscription license) were Rs 254 crore in Q1 FY27, up 14% YoY. Subscription revenues added up to Rs 146 crore, witnessing a growth of 21% YoY.
In geographic terms, the company recorded broad-based growth, which was led by the Americas, where revenues grew 27% YoY. Further, APAC revenue grew by 12% YoY while EMEA revenues increased by 10% YoY.
Virender Jeet, chief executive officer, Newgen Software Technologies, said: During the quarter, we added 10 new customer logos, secured strategic wins across banking, insurance, and enterprise content management.
Newgen Software Technologies is an information technology (IT) product company that provides solutions in enterprise content management, business process management and customer communications management. The company's customers are organisations belonging to the banking, telecommunications and insurance sectors.
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We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
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Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
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