Thursday, Feb 13 2025 | Time 10:49 Hrs(IST)
image
Business Economy


Newgen Software posts 58 pc jump in Q1 Consolidated net profit at Rs 48 crore

Hyderabad, July 18 (UNI) Newgen Software Technologies Ltd, on Thursday reported 58 percent increase in consolidated net profit at Rs 48 crore for the April-June quarter of the current financial year compared to Rs 30 crores in the corresponding period in the previous year.
Consolidated revenues from operations during the quarter were up 25 percent to Rs 315 crore as against Rs 252 crore in Q1FY24, the company said in a release here.
Commenting on the Company’s performance, Diwakar Nigam, Chairman and Managing Director, Newgen Software Technologies, said “The quarter registered 25 per cent revenue growth driven by strong business across all regions. We had good additions to our client portfolio and added 13 new logos in Q1. New business from our existing customer base also contributed significantly to our revenue growth reaffirming our deep and long-term customer relationships and ability to deliver value to our customers.”
“Our solutions in trade, lending, and supply chain finance have been getting good traction and market acceptance, helping businesses grow and manage their operations more efficiently. During the quarter, we also launched our new product named - Newgen LumYn, a Gen AI-powered hyper-personalization platform designed specifically for the banking sector.” said Virender Jeet, CEO, Newgen Software.
UNI KNR BD
More News

Airtel awards contracts to Nokia to expand 5G Fixed Wireless Access devices

13 Feb 2025 | 1:32 AM

Kolkata, Feb 12 (UNI) Bharti Airtel has awarded a contract to Nokia, and Qualcomm focusing on the expansion of 5G Fixed Wireless Access (FWA) and Wi-Fi solutions to facilitate high-speed internet access to millions across India.

see more..

Tata Power Renewables, ONGC collaborate to lead way in Battery Energy Storage system

13 Feb 2025 | 12:16 AM

Kolkata, Feb 12 (UNI) Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited and a leading player in India’s renewable energy sector, has signed a non-binding memorandum of understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC), India’s premier energy company, to explore joint opportunities in the Battery Energy Storage System (BESS) and its value chain.

see more..

Suven Pharma Q3FY25 consolidated net profit up to Rs 83 29 cr

12 Feb 2025 | 10:32 PM

Hyderabad, Feb 12 (UNI) Suven Pharmaceuticals Ltd. a technology-led global Contract Development and Manufacturing Organization (CDMO), on Wednesday announced that its consolidated net profit increased to Rs 83.29 crore for the third quarter ended December 31, 2024 from Rs 46.75 crore in the corresponding period in last year.

see more..

Godrej Enterprises Group secures strategic MOUs at Aero India

12 Feb 2025 | 10:29 PM

Kolkata, Feb 12 (UNI) The Aerospace business of Godrej & Boyce, a part of Godrej Enterprises Group, is strengthening its commitment to India's self-reliance vision through signing of multiple significant MoUs during Aero India 2025 at Bengaluru to support national programs backed by the Government of India.

see more..

Coa-Cola net gains during Q4 at USD 13 million

12 Feb 2025 | 10:21 PM

New Delhi, Feb 12 (UNI) The Coca-Cola company today said it's net gains during the quarter ended December 31, 2024 stood at USD 13 million while for the full year 2024 it recorded USD 303 million.

see more..
image