Newgen Software Technologies Ltd. announced the results for the quarter ended December 31, 2023 at the meeting of its Board of Directors held on January 16, 2024.
Key Highlights - Q3 FY'24 as compared to Q3 FY'23
The Chairman & Managing Director of Newgen Software Technologies Ltd, Diwakar Nigam, spoke about the results of the survey in his speech. During the nine-month period from December 2023 through December 2024, Newgen has demonstrated a significant increase in revenues, led by India and the EMEA region. There are tremendous opportunities in the areas of lending and trade finance that we are witnessing right now. In addition, we have maintained a robust profitability and a strong cash flow generation, demonstrating our financial strength and the resilience of our business model. By investing in people, innovation, and a customer-centric approach, we have been able to cultivate and expand our existing customer relationships, as well as adding 38 new logos to our portfolio in the first nine months of FY'24.
By investing in people, innovation, and a customer-centric approach, we have been able to cultivate and expand our existing customer relationships, as well as adding 38 new logos to our portfolio in the first nine months of FY'24.
There is no doubt that we are tremendously delighted with the response that our products are receiving from customers across a wide range of geographies. Through AI-led capabilities, we continue to innovate and push our products to the next level. We are excited to announce the launch of NewgenONE Marvin, which provides our customers with generative AI capabilities for the first time. As a result of NewgenONE Marvin, we are set to further accelerate low code capabilities with faster and smarter application development, automation of customer journeys and the building of better customer engagement frameworks," said Virender Jeet, CEO, Newgen Software Inc.
As a result of NewgenONE Marvin, we are set to further accelerate low code capabilities with faster and smarter application development, automation of customer journeys and the building of better customer engagement frameworks," said Virender Jeet, CEO, Newgen Software Inc.
What Newgen is all about
There is no doubt that Newgen is one of the leading providers of a unified digital transformation platform with native process automation, content services, communication management, and AI/ML capabilities. In virtually every country around the world, the industry's most successful enterprises rely on Newgen's industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications in the cloud.. From onboarding, to service requests, to lending, to underwriting, and for many more use cases across a wide range of industries, Newgen unlocks simplicity with speed and agility.
From onboarding, to service requests, to lending, to underwriting, and for many more use cases across a wide range of industries, Newgen unlocks simplicity with speed and agility.
You can find out more about NewGenSoft at www.newgensoft.com.
Notice of disclaimer
It is possible that Newgen Software Technologies' future business prospects and profitability will be discussed in this press release, but these forward-looking statements are subject to a number of risks and uncertainties, and the actual results may differ materially from those outlined in such forward-looking statements.. The risks and uncertainties relating to these statements include but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth and new business opportunities, competition (both domestic and international), economic growth in India, and the target countries for business, ability to attract and retain highly skilled professionals, time and cost overruns on projects, our ability to manage our international operations, government policies, interest, and other fiscal costs generally prevailing in the economy. There is no guarantee that the performance of the past will be indicative of the performance of the future. It is stated that the company does not undertake to make any announcement in the event any of these forward-looking statements turn out to be materially inaccurate in the future, or to update any forward-looking statements made by or on behalf of the company from time to time.
It is stated that the company does not undertake to make any announcement in the event any of these forward-looking statements turn out to be materially inaccurate in the future, or to update any forward-looking statements made by or on behalf of the company from time to time.
The logo can be found at: https://mma.prnewswire.com/media/2106118/Newgen_Logo.jpg
The source of the software is Newgen Software Technologies Ltd.
There was a recent announcement from Newgen Software, a global provider of a low code digital transformation platform, that the Development Bank (DB) had selected Newgen to provide...
As a global provider of low code, digital transformation platforms, Newgen Software is pleased to announce its partnership with Evalueserve, a company that specializes in the provision of...

Source prnewswire