The management of Newgen Software Technologies Ltd. announced results for the Quarter and Financial Year ended 31 March 2019 at its Board Meeting held on 15 May 2019.
Speaking about the results, Mr. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – "FY'19 has been an eventful year in various aspects bringing in new opportunities for the organization including expanded product capabilities, a stronger management team and addition of new markets. During the year, we have continued with our strong growth, profitability and cash generation momentum. We are focused on driving innovation and adopting solutions in line with the rapidly evolving technological trends and were granted 6 patents during the year. Our notable achievements during the year include addition of 81 new logos, taking the active customer base to 540+ clients. Today, our clients run their businesses and critical operations on our platforms in 66 countries."
Revenues up 21% YoY in FY'19
EBIDTA** up 31% YoY PAT up 40% YoY
81 new wins during the year
Strong US & APAC market growth; SaaS revenues up 111%
Key Financial Highlights (FY'19)
oRevenue from Sale of Products/ License were at Rs 153.8 crores o Annuity Revenue streams (ATS/AMC, Support and Cloud/SaaS) were at Rs 303.0 crores. Cloud/SaaS continues to be our fastest growing revenue component. oImplementation & Digitization revenues were at Rs 163.9 crores.
Key Financial Highlights (Q4 FY'19) – [Y-o-Y Comparison]
Key Business Highlights (Q4 FY'19)