Newgen Software shares surge 8% after bagging $2.5 million international order for five years
Published on 05/06/2025 09:21 AM
Newgen Software shares surge 8% after bagging $2.5 million international order for five yearsThe contract, awarded by an overseas customer, includes licensing, implementation, and support services, and will be executed over a five-year period. Shares of Newgen Software Technologies Ltd ended at ₹1,231.15, up by ₹9.65, or 0.79%, on the BSE.By Jomy Jos Pullokaran June 5, 2025, 9:21:57 AM IST (Updated)2 Min ReadShares of technology solutions provider company, Newgen Software Technologies Ltd, gained as much as 8% on Thursday, June 5, after it announced an order win after market hours on Wednesday.
In an exchange filing on Wednesday, Newgen Software said it has received and accepted an international order worth $2.5 million (approximately ₹20.8 crore) for the supply and implementation of its Enterprise Workflow and Content Management System.
The contract, awarded by an overseas customer, includes licensing, implementation, and support services, and will be executed over a five-year period. As part of the deal, Newgen’s solutions will be deployed to drive digital transformation across multiple business lines of the client.
Also Read: Newgen Software Technologies arm wins order worth $2.57 million in US
For the whole of FY23, the company had reported a profit of ₹177 crore. The company witnessed a 54.2% quarter-on-quarter growth in net profit at ₹105.3 crore for the March quarter, compared to ₹68.3 crore in the previous December quarter.
Revenue from operations surged to ₹375.3 crore in the reporting quarter, which was 16% higher than ₹323.6 crore in the last quarter. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 59.2% QoQ to ₹122.6 crore, while margin improved to 33% as against 24% in the previous quarter.
Also Read: Explained — Why Newgen Software Shares have declined 32% in five trading sessions
Shares of Newgen Software are trading 8% higher after the order win at ₹1,318.5. The stock has risen 27% in the last one month.Continue ReadingFirst Published: Jun 5, 2025 12:24 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsNewgen Software Technologiesshare market today