- 01 Apr 2025
- ICICIdirect Research
NEWGEN SOFTWARE HAS SECURED 3 MID SIZED DEALS WHEREIN, IT HAS RECEIVED ₹35.3 CRORE ORDER
NEWGEN - 987 Change: -48.75 (-4.71 %)News: Newgen Software has secured 3 mid sized deals wherein, it has received ₹35.3 crore order from Customer for supply, implementation, integration, management and maintenance of Centralized Trade Finance (CTF) solution including customer web portal for period 5 years. Newgen Software Technologies, a wholly owned subsidiary of the company received an order of SG$ 1.58 million (~₹10.12 crore) for a period of 3 years. Newgen Software Inc, a wholly owned subsidiary of the Newgen Software Technologies limited recieved an order of US$ 1.27 million (₹11 crore) for a period of 3 years.
View: We note that Newgen Software has received multiple such orders in the quarter which we believe will aid the company in achieving their aspirational revenue target of US$ 500 mn over a period of 3-4 years. Nonetheless, We await the management’s Q4FY25 commentary on the growth and margins outlook ahead
Impact: Positive