Newgen Software Technologies Ltd. Posts Strong Q1 FY'25 Growth

Newgen Software Technologies Ltd. reported a robust Q1 FY'25 with a 25% YoY revenue growth, reaching Rs 315 crore, and a 58% rise in profit after tax, amounting to Rs 48 crore. The company added 13 new logos and launched Newgen LumYn, an AI-powered hyper-personalization platform for the banking sector.

Newgen Software Technologies Ltd. announced its Q1 FY'25 results, showcasing strong growth at the Board Meeting held on July 18, 2024.

Revenues surged by 25% YoY, reaching Rs 315 crore, while profit after tax saw a 58% increase, hitting Rs 48 crore. The company onboarded 13 new clients and introduced Newgen LumYn, an AI-powered platform tailored for banks.

The performance underscores Newgen's solidified market position, with significant contributions from existing customers and new business ventures. The company's cutting-edge solutions in trade, lending, and supply chain finance have gained notable traction.

(With inputs from agencies.)