Newgen Software Technologies Limited — Interim / Quarterly Report 2021

Oct 25, 2021

==> picture [97 x 50] intentionally omitted <==

Newgen Software Technologies Limited

CIN: L72200DL1992PLC049074

Regd. Office: A‐6, Satsang Vihar Marg, Qutab Institutional Area, New Delhi ‐ 110 067, INDIA Email: corpmktg@newgensoft.com URL: https://newgensoft.com Tel.: (+91)‐11‐4077 0100, (+91)‐11‐2696 3571, 2696 4733, Fax: (+91)‐11‐2685 6936

Date: 25[th] October 2021

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001	National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra- Kurla Complex Bandra (E), Mumbai – 400051
Ref.: Newgen Software Technologies Limited (NEWGEN/INE619B01017) Scrip Code–540900	Ref.: Newgen Software Technologies Limited (NEWGEN/INE619B01017)

Sub.: Investor Presentation and Press Release on Unaudited Financial Results for the 2[nd] Quarter and Half-year ended 30[th] September 2021

Dear Sir/ Ma'am,

Pursuant to the above-mentioned subject, we are hereby enclosing the following:

• 1) Investor Presentation; and

• 2) Press Release on Unaudited Financial Results.

This is for your kind information and record.

Thanking you.

For Newgen Software Technologies Limited

==> picture [154 x 44] intentionally omitted <==

Aman Mourya Company Secretary

Encl. : a/a

==> picture [842 x 475] intentionally omitted <==

----- Start of picture text -----

Newgen Software Technologies Ltd.
Investor Presentation – Q2 FY’22
and H1 FY’22
Oct
2021
----- End of picture text -----

NewgenONE Digital Transformation Platform

Contextual Content Services Low Code Process Omnichannel Customer (ECM) Automation (BPM) Communication (CCM) OmniDocs iBPS OmniOMS Deliver contextual content for smarter Manage complex business information Digitize end-to-end customer and Deliver personalized communications decision making and improved and extract intelligent insights employee journeys with low code across channels at scale collaboration

NewgenONE Platform comes together to address the need of Organisations to intelligently automate while handling documents and effective conversations with customers.

==> picture [842 x 475] intentionally omitted <==

----- Start of picture text -----

A Comprehensive Platform
Personalized Contextual
Engagement Communication
Sentiment Multichannel
Analysis Interactions
Process RPA Content and Content
Workflows Records Collaboration
AI/ML-driven Dynamic Case Content Content
Analytics Management Intelligence Discovery
Integration Ecosystem and Cloud Infrastructure
----- End of picture text -----

Resolving complex content and process requirements

==> picture [710 x 318] intentionally omitted <==

----- Start of picture text -----

Complex, Enterprise-wide Business
Processes
NewgenONE is a
Comprehensive Digital
Traditionally Strong Process
Automation Platforms Transformation comprehensive, low code
Platforms platform with native
process automation,
content services, and
communication
Traditionally Strong management capabilities
Pure-play Low Code
Content Management
Application Platforms Platforms to rapidly develop and
deploy complex, content-
driven business
Simple, Departmental Business applications on the cloud
Complex Information
----- End of picture text -----

Simple, Departmental Business Processes

NewgenONE Contextual Content Services (ECM)

Digitize Workplace with Contextual Automation, Compliance, and Intelligence – On Cloud

Gartner

A Visionary in the 2020 Magic Quadrant for Content Services Platforms *

Case Study

Digital transformation of India’s leading insurance company with over 250mn customers . Implementation included archival of ~500mn policy dockets and automation of processes across 2000 branches, 113 divisional offices, 8 zonal offices, and corporate office.

*Authored by Michael Woodbridge et al. Updated 27 April 2021, Published 16 November 2020

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose

NewgenONE Low Code Process Automation (BPM)

Rapid Application Development for Deep & Complex Business Applications across Devices

Gartner

A Niche Player in 2021 Gartner Magic Quadrant for Enterprise Low-Code Application Platforms *.

Case Study

One of the largest banks in the US with around 240 branch offices implemented Newgen's commercial loan origination solution to streamline overall lending process. The bank digitized its lending cycle and automated its operations, enabling quick and hassle-free shift to remote working.

• Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, Jason Wong, Kimihiko Iijima, Adrian Leow, Akash Jain, Paul Vincent,20[th] September 2021. Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

NewgenONE Omnichannel Customer Communication (CCM)

Use Business Data and Manage the Communication Output – Personalized and at Scale

Case Study

Newgen CCM Solution Implementation for a leading private bank in India. The bank chose the Newgen's CCM platform to make their customer communication more customized and platform agnostic.

	Newgen – A Snapshot (FY’21)	Newgen – A Snapshot (FY’21)
	Leading player in the content, process, and communication markets with significant			market opportunity
	~550	Installed base across	17 verticals with	Personnel ~3,000
	Active Customers	72 Countries	5Core Verticals	(with ~470 personnel in R&D
				~300 personnel in S&M)
		Resilient and profitable business with highly visible subscription revenues
	Rs. 673 crores	Rs. 200 Crores	Rs. 127 Crores	Rs. 212 Crores
	Revenues	Subscription Revenues	PAT	US Region Revenues
	(with annuity of 57%)	(19% YoY Growth)	(74% YoY Growth)	(16% YoY Growth)
		Comprehensive platform – NewgenONE
	Strong Industry Recognition (Gartner & Forrester)	Integration Ecosystem and Cloud Infrastructure	Continuous innovation investment~ 10% of Revenues every year	Patent Filings 44 (with 20 patent grants)
Data as of 31 March 2021, except the patent grants

Innovative Product Suite With Continuing Focus On R&D

• 29 years of product DNA; 44 patents filings, 20 Granted till date

• Skilled R&D team of ~500 people with deep domain expertise

R&D Investments (% of revenues)

• Unified platform with modular deployment

• Deep domain expertise - Intuitive applications and scalable performance

• Low Code Application Platform

• Cloud ready architecture on AWS and Azure

==> picture [160 x 163] intentionally omitted <==

----- Start of picture text -----

9.5% [9.8%]
7.3% 7.2% [7.5%]
FY'17 FY'18 FY'19 FY'20 FY'21
----- End of picture text -----

==> picture [847 x 475] intentionally omitted <==

----- Start of picture text -----

NewgenONE: Rapid Development of Applications with Varying Complexity
Campaign Mgmt.
Customer
& Marketing Risk Workbench
Onboarding
Loan/Credit Lead Management Collections Account Payable Lead Management
Origination Account Project & ROI
Customer Peer-to-peer Contract Receivables Management
e-Statementing Portal/App lending
Management
Vendor/Supplier Data Quality
Trade Finance Financial Needs FATCA/CRS Portal Management
e-Invoicing
Unified Customer Analysis Centralized Expense Risk
View Management Workbench
SRM & Dispute Enterprise Vendor Ecosystem
Relationship Resolution CTS Banking Service Mgmt. HR Process &
Tech & Project
Manager Cockpit Campaign Management Records Mgmt
Product Config Management & Mktg.
Ops Workbench
Collections
Quotation, Proposal &
FNOL & Claims Unified Illustration e-Gov Office Automation
Processing Customer View
Customer Social and Mobile
Ops Workbench
SRM & Dispute Onboarding Government Case Governance
Resolution Unified Management
Customer View Advisor/Agent
Onboarding
Government
Campaign Mgmt. Policy Underwriting Insurance Citizen Centric Services
& Marketing Workbench
Product Config Lead Management
Quote 2 Bind Electronic Document and
Records Management
Customer Portal/App
----- End of picture text -----

Our Go-to-market

Strategy Across Regions and Verticals is Based on Direct Presence Supported by Partner Ecosystem

• ~300 Employees in Sales & Marketing Supported by Large Network of Channel Partners of 300+

• Focus on Tier-1 customers in five core verticals in India, APAC and Middle East & Africa Region

• Focus on mid-market banks and credit unions in US region

• Differentiated 'land and expand' model

• Sale of complete functionality with initial purchase facilitates seamless creation of new applications

System Integrators-led go-to market targeting Fortune 2000 Enterprises in mature markets

• Increasing traction in developed markets of US, Europe and APAC – with focus on sales through Global System Integrators (GSIs)

• Developed the internal GSI & Enterprise team and ecosystem – Senior Sales Leader added to orchestrate the Enterprise and GSI sales efforts.

• Aggressive investments in enhancing visibility and brand awareness through various initiatives - Digital events, analyst and consultant engagements, enhancing digital presence and digital outreach.

• Newgen products have built acceptance from some of the largest GSIs and their customers.

• Strong pipeline in place

==> picture [842 x 475] intentionally omitted <==

----- Start of picture text -----

Strong Focus on Annuity and Subscription Revenues
Subscription Revenues (INRm) Annuity Revenues (INRm)
22%
27%
(FY’16-21 CAGR)
(FY’16-21 CAGR)
FY'16 FY'17 FY'18 FY'19 FY'20 FY'21 FY'16 FY'17 FY'18 FY'19 FY'20 FY'21
•
Annuity Revenue Streams constantly increasing from 41% of revenues in FY’16 to 57% in FY’21
•
Support revenues impacted due to the shift from the on-site model
•
Increasing acceptability of cloud deployments across geographies
(1) Subscription revenues comprise of ATS/AMC and Cloud revenue streams
(2) Annuity Revenues comprise of ATS/AMC, Cloud and Support revenue streams
3,871
3,686
3,030
2,002
2,209
1,686
1,707
1,275
1,405
961
765
602
----- End of picture text -----

Board of Directors

Diwakar Nigam Chairman and Managing Director

Padmaja Krishnan Independent Director

T.S. Varadarajan Whole Time Director

Saurabh Srivastava Independent Director

Priyadarshini Nigam Whole Time Director

Subramaniam Ramnath Iyer Independent Director

Kaushik Dutta Independent Director

==> picture [842 x 475] intentionally omitted <==

----- Start of picture text -----

Newgen announces Key Management Changes
Leadership Team
Diwakar Nigam Virender Jeet Tarun Nandwani Dr. S.J. Raj
Chairman and Managing Director Chief Executive Officer Chief Operating Officer Sr. VP – HRD
Anand Raman Arvind Jha Rajvinder Singh Kohli Arun Kumar Gupta
Chief Financial Officer
EVP & COO - Newgen Software Sr. VP – Product Sr. VP – Global GSI Sales
Inc.
Dushyant Kumar
Sunil Pandita Vivek Bhatnagar R. Krishna Kumar Ashok Kapoor
Hemant Makhija VP – GSI
VP – Sales VP –Sales VP – Sales VP – Customer
VP – Marketing Enablement
(India) (EMEA) (Australia) Experience
Manojit MajumdarVP – Channel Sales Vivek Mani TripathiVP –HRD & Pramod KumarVP – Sales Anurag Kumar ShahVP – Product & Arpan BansalVP – Marketing (Govt. & GSI Ashish DeshmukhVP – Sales
Operations (APAC) Solutions (Americas) Initiatives) (Americas)
Nikhil Sawhney
Prashant Sahai Ritesh Varma
Atin Kumar VP – Customer Shikha Bhatt Mukesh Bhatnagar
VP – Delivery Relations (EMEA, VP – Sales VP – Product & VP – Delivery VP – International
(Middle East) Solutions (India,
(Americas) APAC) (India) Operations
EMEA, APAC)
----- End of picture text -----

==> picture [842 x 317] intentionally omitted <==

Q2 FY’22 Financial Results

	Financial Summary (Consolidated)	Financial Summary (Consolidated)	Financial Summary (Consolidated)	Financial Summary (Consolidated)
	Particulars	Q2FY22 (Unaudited)	Q2FY21 (Unaudited) YoY Growth	Q1FY22 (Unaudited)	QoQ Growth	H1 FY22 (Unaudited)	H1 FY21 (Unaudited)	YoY Growth
	Revenue (INR Mn) Revenue from operations Other Income Total Income Profits (INR Mn) EBITDA_(adjusted for_ other income) Profit after tax	1,855 69 1,924 466 374	1,550 19.7% 30 129.4% 1,580 21.8% 411 13.4% 292 28.0%	1,595 106 1,701 228 216	16.3% -34.4% 13.1% 104.8% 73.1%	3,450 175 3,626 694 590	2,871 69 2,941 567 383	20.2% 152.4% 23.3% 22.4% 53.9%
	Margin (%) EBITDA (adjusted for other income) Profit after tax	25.1% 19.4%	26.5% 18.5%	14.3% 12.7%		20.1% 16.3%	19.7% 13.0%
	EPS (INR) Basic Diluted	5.39 5.33	4.23 27.6% 4.19 27.3%	3.12 3.09	73.0% 72.4%	8.51 8.43	5.55 5.50	53.4% 53.2%
	Q2 FY’22 v/s Q2 FY’21
	Continuing strong momentum during		the quarter with broad based revenue growth of 20% Q2 YoY.
	EBIDTA at Rs 466 Mn, up	13% Q2 YoY.	Profit after Tax at Rs 374 Mn, up 28%		Q2 YoY

==> picture [842 x 475] intentionally omitted <==

----- Start of picture text -----

Strong acceleration in annuity and subscription revenues
Annuity Revenues (Rs Mn) Subscription Revenues (Rs Mn) SaaS Revenues (Rs Mn)
(INRm)
(INRm) (INRm)
17% growth
23% growth 200 35% growth
YoY
YoY
700 YoY
180
1,100
600
160
900
500 140
700 400 120
500 300 100
80
300 200
60
100 100
Q2 FY'21 Q2 FY'22
Q2 FY'21 Q2 FY'22 Q2 FY'21 Q2 FY'22
(1) Subscription revenues comprise of ATS/AMC and Cloud revenue streams
(2) Annuity Revenues comprise of ATS/AMC, Cloud and Support revenue streams
1,146 609
157
978
494
116
----- End of picture text -----

==> picture [842 x 475] intentionally omitted <==

----- Start of picture text -----

Diversification across Verticals and Geographies
Q2 FY’22 Revenue Split by Segment Q2 FY’22 Revenue Split by Vertical Q2 FY’22 Revenue Split by Geography
Implementa APAC (Ex-
tion & India)
other Others 13%
Sale of
India
services Healthcare 10%
Products
29%
16% 8%
22%
Insurance
8%
USA
SaaS BPO/IT 26%
9% 5%
Support Govt/ PSUs Banking
29% 65%
4%
ATS/AMC EMEA
32%
24%
18
----- End of picture text -----

Business Highlights (Q2 FY’22)

Analysts Recognitions

• Positioned as a Niche Player in the 2021 Gartner Magic Quadrant[TM] for Enterprise Low-Code Application Platforms*

Customer Wins

• 9 new customer wins during the quarter*; traction in newer markets

Broad-based growth

• All geographies witnessed growth with significant growth contribution from EMEA and India

• Banking and Financial Services and Insurance were the fastest growing segments during the quarter

* Including orders booked but not billed

• Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, Jason Wong, Kimihiko Iijima, Adrian Leow, Akash Jain, Paul Vincent,20[th] September 2021. Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Key orders

Providing a solution for subvention system to a Government organization in Singapore (APAC region) Providing iBPS platform upgrade for a leading private sector bank in India Rolling out Credit Loan Origination System (CLOS) solution for a leading bank in Kenya, Africa offering full range of financial solutions, including commercial loans, consumer banking, mortgage loans and treasury management services Providing an enterprise-wide banking solution supporting amalgamation of banking entities in a nationationalised bank in India

==> picture [842 x 475] intentionally omitted <==

----- Start of picture text -----

Strengthening Balance Sheet
Debtor Days (Based on Net Debtors) Cash and Cash Equivalents & Bank Balance
(INRm)
100
3,100.0
95
90 2,600.0
85
2,100.0
80
75 1.753 1,600.0
1,742
70
1,100.0
65
600.0
60
SEP 30, 2020 SEP 30, 2021
100.0
Debtor Days Net Trade Receivables (INR Mn) SEP 30, 2020 SEP 30, 2021
Note: The business is seasonal in nature with proportionately higher revenues and debtor days in the year end period (March)
97
2,978
87
1,590
----- End of picture text -----

==> picture [418 x 302] intentionally omitted <==

----- Start of picture text -----

New Delhi,
Toronto, CA New
IN Philippine
Mississaug
London Delhi
London, UK s
a, ON Mu Kolk
mbai
ata
Tampa, FL
Dub
New South
Dubai, AEai
McLean, VA
Singapore, Wales, AU
SG
Global Offices HQ
----- End of picture text -----

For any Investor Queries please contact:

Deepti Mehra Chugh Head – Investor Relations Phone: +91 11 46 533 200 Mail : deepti.chugh@newgen.co.in www.newgensoft.com

Disclaimer

This presentation may contain certain forward looking statements concerning Newgen Software Technologies’ future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those 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 over runs on projects, our ability to manage our international operations, government policies, interest and other fiscal costs generally prevailing in the economy and general economic conditions affecting the industry. Past performance may not be indicative of future performance.

The company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the company.

India Offices include Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Noida, New Delhi

P&L Statement	P&L Statement
	(All amounts in INRm, except per share data and
	unless otherwise stated)	Q2 FY 2022	Q2 FY 2021	Q1 FY 2022	H1 FY 2022	H1 FY 2021
	Revenue
	Revenue from operations	1,855.0	1,550.1	1,595.4	3,450.3	2,871.3
	Other income	69.5	30.3	105.8	175.3	69.4
	Total revenue	1,924.4	1,580.4	1,701.2	3,625.6	2,940.7
	Expenses
	Employee benefits	1,019.5	727.3	932.4	1,952.0	1,507.9
	Finance costs	5.7	7.9	6.6	12.3	25.9
	Depreciation and amortisation	42.8	48.8	40.7	83.5	106.6
	Other expenses	369.4	411.7	435.4	804.8	796.6
	Total expenses	1,437.4	1,195.7	1,415.0	2,852.5	2,437.0
	Profit before tax	487.0	384.6	286.2	773.1	503.8
	Tax expenses
	Current tax / Tax expense for earlier years	26.7	124.4	101.1	127.8	188.8
	Deferred tax (credit)/charge	86.3	-31.9	-31.0	55.3	-68.3
	Profit after tax for the year	373.9	292.1	216.0	590.0	383.3
	Other comprehensive income/(loss) for the year, net of income tax	-6.6	-7.8	8.9	2.3	7.9
	Total comprehensive income for the year	367.3	284.3	224.9	592.3	391.2
	Earnings per equity share (face value of Rs.
	10 per share)
	Basic earning per share	5.39	4.23	3.12	8.51	5.55
	Diluted earning per share	5.33	4.19	3.09	8.43	5.50

Unlock Simple

Your Trusted Digital Transformation Partner

PRESS RELEASE

==> picture [70 x 58] intentionally omitted <==

Newgen Software Reports Total Income of Rs 192 cr in Q2 FY’22, up 22% YoY; Net Profit at Rs 37 cr, up 28% YoY

Cloud revenues continue to rise; poised for stronger growth with new leadership team

New Delhi, India –October 25, 2021

The management of Newgen Software Technologies Ltd. announced results for the quarter ended 30 September 2021 at its Board Meeting held on 25 October 2021.

Key Highlights‐ Q2 FY’22 v/s Q2 FY’21

Total Income Rs 192.4 Cr (22% Q2 YoY growth)			Subscription Revenues Rs 60.9 Cr (23% Q2 YoY growth)		Profit after Tax Rs 37.4 Cr (28% Q2 YoY growth)

Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd., said – “We are happy to announce another accelerated performance quarter. All our geographies witnessed growth with significant contribution from EMEA and India. Total income was up by 22% and profit after tax increased by 28% in Q2 compared to the same period last year. Enterprises are choosing Newgen as their digital transformation partner. With the recent organization‐wide management changes, we are getting future‐ready and strengthening our capabilities to capitalize on opportunities in the digital transformation space. We look forward to achieving newer heights with our able and experienced team.”

Virender Jeet, CEO, Newgen Software Technologies Ltd. said – “Through our innovative and comprehensive platforms, we are empowering businesses and creating long‐term value. We are pleased with the progress in our engagements with Global System Integrators for building a robust ecosystem in mature markets of US, Europe and Australia.”

Key Consolidated Financial Highlights (Q2 FY’22 v/s Q2 FY’21)

==> picture [70 x 58] intentionally omitted <==

Revenue from operations (consolidated) at Rs 185.5 crores as compared to Rs 155.0 crores in Q2 FY’21, up 20% YoY

• Annuity revenues (ATS/AMC, Support, and SaaS) were at Rs 114.6 crores, witnessing a growth of 17% YoY. Subscription revenues (ATS/AMC and SaaS) stood at Rs 60.9 crores, up 23% YoY, with the continued increase in the cloud business

• Revenue from the sale of products/license was reported at Rs 40.9 crores, up 55% YoY

• Implementation and digitization revenues were at Rs 30.0 crores

EBIDTA up by 13% YoY at Rs 46.6 crores compared to Rs 41.1 crores in Q2 FY’21.

Profit after tax up by 28% YoY at Rs 37.4 crores from Rs 29.2 crores in Q2 FY’21.

Key Consolidated Financial Highlights (H1 FY’22 v/s H1 FY’21)

Revenue from operations (consolidated) at Rs 345.0 crores as compared to Rs 287.1 crores in H1 FY’21, up 20% YoY. Annuity revenues were at Rs 219.4 crores, witnessing a growth of 19% YoY.

EBIDTA up by 22% YoY at Rs 69.4 crores compared to Rs 56.7 crores in H1 FY’21.

Profit after tax up by 54% YoY at Rs 59.0 crores from Rs 38.3 crores in H1 FY’21.

Key Operational/Business Highlights (Q2 FY’22)

• Newgen announced key management changes to further strengthen its foothold in the digital transformation space. Virender Jeet has been named the chief executive officer and Tarun Nandwani the chief operating officer, with effect from September 1, 2021.

• Key analyst recognitions: Positioned as a a Niche Player in the 2021 Gartner Magic Quadrant[TM] for Enterprise Low‐Code Application Platforms*

• Increasing SaaS revenues: SaaS revenues witnessed a growth of 35% YoY, contributing 9% to the revenues of the organization

• Accelerated performance in banking & financial services, and insurance verticals with increased demand for digital transformation initiatives

==> picture [70 x 58] intentionally omitted <==

• Gartner Magic Quadrant for Enterprise Low‐Code Application Platforms, Jason Wong, Kimihiko Iijima, Adrian Leow, Akash Jain, Paul Vincent,20[th] September 2021.

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About Newgen

Unlock Simple

Newgen Software Technologies Limited (listed In India on National Stock Exchange [Script code: NEWGEN] and BSE Ltd. [Script code: 540900]) is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen’s industry‐recognized low code application platform to develop and deploy complex, content‐driven, and customer‐engaging business applications on the cloud. From onboarding to service requests, from lending to underwriting, and for many more use cases across industries. Newgen unlocks simple, with speed and agility.

Disclaimer

This press release may contain certain forward looking statements concerning Newgen Software Technologies’ future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those 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 over runs on projects, our ability to manage our international operations, government policies, interest and other fiscal costs generally prevailing in the economy. Past performance may not be indicative of future performance. The company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the company.

	Media Contact:		Investor Contact:
	Meenakshi Arora Meenakshi.arora@newgensoft.com		Deepti Mehra Chugh deepti.chugh@newgen.co.in