Newgen Software Reports Robust Q1 FY'25 Growth with 25% Revenue Increase

Newgen Software Technologies Ltd. has reported a 25% year-over-year revenue growth for Q1 FY’25, totaling Rs 315 Cr. The company's Profit after Tax rose by 58% to Rs 48 Cr. Thirteen new logos were added. Chairman Diwakar Nigam and CEO Virender Jeet highlighted strong business performance and the launch of a new AI-powered platform, Newgen LumYn.

New Delhi, India – July 24th, 2024: Newgen Software Technologies Ltd. has announced impressive financial results for the quarter ended June 30, 2024, during its Board Meeting on July 18, 2024.

Q1 FY'25 Highlights - The company reported a substantial 25% year-over-year revenue growth, reaching Rs 315 crore, alongside a remarkable 58% increase in Profit after Tax, totaling Rs 48 crore. The quarter also saw the addition of 13 new logos to its client portfolio.

Chairman & Managing Director, Mr. Diwakar Nigam, praised the performance, citing robust business growth across all regions. He pointed out that client portfolio additions and existing customer business contributed significantly to revenue growth. CEO, Mr. Virender Jeet, announced the launch of Newgen LumYn, a Gen AI-powered hyper-personalization platform for the banking sector.

(With inputs from agencies.)