Newgen Software’s stock jumped 6.53% to Rs 1,033.10 after the company secured a new contract worth $1.28 million (Rs 10.69 crore, including taxes). The project will be executed over five years.
Newgen Software is a leading provider of digital transformation solutions, offering process automation, content services, and communication management. Businesses worldwide use its low-code application platform to build and run customer-focused applications in the cloud, covering areas like onboarding, service requests, lending, and underwriting.
The company reported a strong financial performance in Q3 FY25. Its net profit surged 30.2% to Rs 89 crore, compared to Rs 68.35 crore in the same period last year (Q3 FY24). Revenue from operations also grew 17.8% year-on-year, reaching Rs 381.11 crore for the quarter ending December 31, 2024.
