Shares of Newgen Software Technologies Ltd skyrocketed 9% on Thursday, 5 June 2025, following the announcement of a $2.5 million international agreement.
In an exchange filing, Newgen Software said, “This is to inform you that we have received and accepted an Award from a customer for the procurement of Enterprise Workflow & Content Management System. The aggregate value of the aforesaid Award is $2,500,372 (USD two million five hundred thousand three hundred seventy-two).”
The order comprises the supply of the company’s software as well as its installation for customers’ digital transformation across several areas of business. Newgen Software stated that the deal is for 5 years.
Newgen Software Technologies reported a 2.8% YoY increase in consolidated net profit to Rs 108.3 crore in Q4FY25, driven by strong sales growth in overseas markets. Last year’s Q4FY24 earnings were Rs 105.26 crore.
Diwakar Nigam, chairman and managing director of Newgen Software Technologies, said, “Growth was driven by strong license and implementation revenues across markets. Our large customer base, with billing of over Rs 5 crore, increased to 87 customers from 65 customers last year. The quarter specifically witnessed strong growth and deal wins in the US region.”
About Newgen Software Technologies Ltd
Newgen Software Technologies is a software firm that specialises in digital transformation via its flagship platform, NewgenONE. To streamline company operations, the platform integrates innovative technologies such as artificial intelligence, low-code development, and cloud computing.
Newgen enables organisations to improve operational efficiency, agility, and compliance by focusing heavily on process automation, content management, and communication enhancement.
Newgen caters to a wide range of businesses, including banking, insurance, and government, with scalable, AI-enabled solutions suited to sector-specific requirements.
Its global customer base benefits from a unified platform that offers rapid application development, intelligent automation, and seamless integration, allowing organisations to quickly and precisely construct content-centric, customer-facing apps.
At 1:37 pm, the shares of Newgen Software were trading 1.07% higher at Rs 1,237.60 on NSE.
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