Newgen Software Technologies Limited — Investor Presentation 2022

May 3, 2022

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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)-11-40770100, (+91)-11-66476647 Fax: (+91)-11-2685 6936

Date: 03[rd] May 2022

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra- Kurla Complex Mumbai – 400001 Bandra (E), Mumbai – 400051 Ref.: Newgen Software Technologies Limited Ref.: Newgen Software Technologies Limited (NEWGEN/INE619B01017) (NEWGEN/INE619B01017) Scrip Code – 540900 Sub.: Investor Presentation and Press Release on Financial Results for the quarter and financial year ended 31[st] March 2022

Dear Sir/ Ma'am,

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

1) Investor Presentation; and

• 2) Press Release on Financial Results.

This is for your kind information and record.

Thanking you.

For Newgen Software Technologies Limited

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Aman Mourya Company Secretary

Encl. : a/a

Newgen Software Technologies Ltd.

Q4 FY’22 and FY’22 Investor Presentation

Copyright 2022, Newgen Software

About Newgen

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Newgen: Overview Enterprise-wide unified digital transformation platform provider

Digitize

Contextual Content Services (ECM) OmniDocs

Deliver contextual content for smarter Deliver contextual content for smarter decision making and improved decision making and improved collaboration collaboration

• Content Management

• Content Intelligence

• Enterprise-wide Collaboration

• Workflow Management

• Records Management

• Compliance and Audits

Process & Adapt Communicate Low Code Process Omnichannel Customer Automation (BPM) Engagement (CCM) iBPS OmniOMS Create smarter processes, empower Create, personalize and deliver knowledge workers and build interactive communication to enhance responsive business customer experience

• Communication Designer

• Low Code Development

• Personalized Communication

• • Omnichannel Communication • Communication-enablement of Biz Applications

• • Social Sensing & Sentiment AI

• Omnichannel UX Design

• Business Rules Management

• Process Intelligence

• Dynamic Case Management

• RPA

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Business Applications Range in Complexity of Process & Information

Complex, Enterprise-wide Business Processes

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Traditionally Strong Comprehensive Digital Process Automation Transformation Platforms Platforms Traditionally Strong Pure-play Low Code Content Management Application Platforms Platforms

NewgenONE digital transformation platform is a comprehensive, unified platform with native process automation, content services, and communication management capabilities

Simple, Departmental Business Processes

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NewgenONE Digital Transformation Platform

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A unified platform suite that is,

• Cloud-hosted single platform for process, content, and communication automation

• Scalable and extensible

• For secure access to processes

• Highly-available for data governance (auditable)

• Capable of delivering deep insights/analytics

Used by enterprises globally to,

• Rapidly develop and deploy complex and critical business applications

• Perform millions of transactions

• • Enable remote access to hundreds of thousands of employees

• Handle billions of documents and communications

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What Makes NewgenONE Stand Out!

A natively-built, unified, hyperautomation platform for complex, content-driven, and customerengaging business applications

Focused on professional IT developers for agility and productivity

Domain expertise packaged Global SI partnerships for as composable components reach and scale

30 years of low code philosophy and methodology Software platform domain and expertise since 1992

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NewgenONE With Contextual Content Services Capability…

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

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Channels of
Scan Social Web Portal Engagement Office E-mail Mobile
Capture Process Store Extend
Document Cloud
Professional Content Automated Content Industry Productivity
Scanning Quality Workflows Classification Management Storage & Applications Applications
Analyzer Repositories
Web Intelligent ActiveScript Content Security and Records Enterprise Content
Scanning Extraction Automation Analytics Compliance Management Connectors Microservices
Multiple Smart RPA Content Content Remote Customer
Formats Indexing Collaboration Discovery Imaging Communication
Integration Contextual Content Services Cloud/On-premises
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NewgenONE With Low Code Process Automation Capability…

Rapid Application Development for Deep and Complex Business Applications – Across Devices

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Social Web Portal Mobile In-Person Web/Message/Scan
Business Applications
Financial Government Insurance Shared Services Other
Institutions /PSU Entities Companies and BPOs Industries
Low Code Process Case Data Analytics and
RPA
Development Modeling Management Modeling Process Insights
Business Process Content Responsive
AI/ML DevOps
Rules Simulation Management Forms
Integration Low Code Process Automation Cloud/On-premises
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NewgenONE With Personalized Customer Engagement Capability…

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

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Enterprise Use Cases
Batch On-Demand One-to-One Workflow-driven
Communication Response Correspondence Communication
Branding and Multi-Lingual Whitespace Industry
Personalization Communication Marketing Compliance
Integration Output
Ecosystem Channels
Design Generate Track Engage
Communication Production
Template Library Social Listening
Scheduling Monitoring
Customer and Printer Email
Employee-facing
PDF/MS Word Natural Language
Applications Approval Workflows Response Tracking
Import Processing (AI/ML)
Web SMS
Multiple Format Comprehensive
User-defined Rules Conditional Routing
Output Reporting
FTP Social
Contextual
Data Formats Version Control Active XML Audit Logs Response
and Sources
Archive
Omnichannel Customer Engagement
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Key Analyst Recognitions

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A Niche Player in 2021 Gartner® Magic Quadrant for Enterprise Low Code Application Platforms[(1)]

A Visionary in 2021 Gartner® Magic Quadrant™for Content Services Platforms[(2)]

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A “ Strong Performer ” in Forrester Wave™: Content Platforms , Q2 2021 Report

A “ Strong Performer ” in Forrester Wave™: Digital Process Automation , Q4 2021 Report

1. Published on 20 September, 2021, Jason Wong et al.

2. Published on 18 October, 2021, Michael Woodbridge et al

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.

The Forrester Wave™is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave™are trademarks of Forrester Research, Inc. The Forrester Wave™is a graphical representation of Forrester’s call on a market and is plotted using a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor, product, or service depicted in the Forrester Wave™. Information is based on best available resources. Opinions reflect judgement at the time and are subject to change

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Newgen – Key Highlights (FY’22)

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Established in 1992 Over 530 active customers[(1)] Direct presence one world, one workplace in 7 countries 17 verticals with Partner with leading 3,285 Personnel 5 Core Verticals GSIs ( with ~580 personnel in R&D ~250 personnel in S&M) Banking, insurance, 44 patents filed, Consistently recognized by government, manufacturing 23 approved Gartner and Forrester and more

(1) Customers billed in last 12 months All Figures as of March 31, 2022

Newgen – Financial Snapshot (FY’22)

Rs 7,790 Million Rs 2,461 Million Revenue Subscription Revenues (2) (16% YoY Growth) (23% YoY Growth)

Rs 1,947 Million Rs 1,642 Million EBIDTA PAT (25% EBIDTA Margin) (20% PAT Margin)

Rs 618 Million SaaS Revenues (25% YoY Growth) Rs 4,622 Million Cash, Bank Balance, Investments and FDs

(1) Annuity comprises ATS/AMC, Cloud and Support revenues

• (2) Subscription revenues comprise of ATS/AMC and Cloud revenue streams

• (3) All Figures as of March 31, 2022

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Resilient Business Model in Place

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||||||||
|---|---|---|---|---|---|---|
|59%|21%|
|20%|
|Large annuity revenues streams|Annuity Revenues|[(1)]|Sale of Products|Sale of Services|
|FY22 Revenue Split by Segment|
|65%|8%|7%|4%|8%|
|7%|
|Mission critical solutions across key verticals|Banking & FS|Govt.|Insurance|Health|BPO|Others|
|FY22 Revenue Split by Segment|
|27%|28%|14%|
|31%|
|Diversification across geographies|USA|India|EMEA|APAC|
|FY22 Revenue Split by Geography|

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(1) Annuity comprises ATS/AMC, Cloud and Support revenues

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Investment Rationale

The Markets We Play In

• Content Services platform: $9.35 Bn by 2026[(1)]

• Business Process Management systems: $3.07 bn by 2026[(2)]

• High Productivity aPaaS: $17.77 bn by 2026[(2)]

• Process-agnostic software that enables Hyperautomation: $46.31 bn by 2025[(3)]

Source:

1. Gartner's 'Market Forecast: Enterprise Application Software Markets, Worldwide, 2020-2026' report published on 30 Mar 2022. Authors: Amarendra, Neha Gupta, Craig Roth, Jim Hare, Alys Woodward, Julian Poulter, John Kostoulas, Balaji Abbabatulla, Eric Hunter, Kevin Quinn, Yanna Dharmasthira, Chris Pang

2. Gartner's 'Market Forecast: Infrastructure Software Markets, Worldwide, 2020-2026' report published on 30 Mar 2022. Authors: Amarendra ., Laurie Wurster, Fabrizio Biscotti, Brandon Medford, Sharat Menon, Shailendra Upadhyay, Rahul Yadav, Chandra Mukhyala, Robin Schumacher

3. 'Forecast Analysis: Hyperautomation Enablement Software, Worldwide' report published by Gartner on 22 March 2021; Authors: Cathy Tornbohm, Fabrizio Biscotti, Rachel Chippendale

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Innovative Product Suite With Continuing Focus On R&D

 29 years of product DNA; 44 patents filings, 23 Granted till date

• Skilled R&D team of ~580 people with deep domain expertise

• Unified platform with modular deployment

• Deep domain expertise - Intuitive applications and scalable performance

R&D Investments (% of revenues)

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9.5% [9.8% 10.2%]
7.2% [7.5%]
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• Cloud-ready architecture on AWS and Azure

• Low Code Application Platform

• Enhancing Artificial Intelligence/ Machine Learning capabilities with integration of Number Theory

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Our Go-to-market

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

• ~250 Employees in Sales & Marketing supported by a large network of 300+ channel partners

• 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 the US region

• Differentiated 'land and expand' model

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

System Integrators-led go-to-market Targeting Fortune 2000 Enterprises in Mature Markets

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

• Developed the internal GSI & enterprise team – Senior sales leader brought on board

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

• Newgen products well-accepted by some of the largest GSIs and their customers.

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NewgenONE Enables Enterprises to Develop Complex Biz Applications

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Strong Acceleration in Annuity and Subscription Revenues

Annuity Revenues (INR Mn)

(INRm) 22% (FY’17-22 CAGR) FY'17 FY'18 FY'19 FY'20 FY'21 FY'22

Subscription Revenues (INR Mn)

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(INRm)
26%
(FY’17-22 CAGR)
FY'17 FY'18 FY'19 FY'20 FY'21 FY'22
2,461
2,002
1,686
1,275
961
765
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Increasing adoption of subscription/cloud across geographies with large orders in India, EMEA, APAC as well as Australia

(1) Subscription revenues comprise of ATS/AMC and Cloud revenue streams (2) Annuity Revenues comprise of ATS/AMC, Cloud and Support revenue streams

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Focus on Larger Customers; Higher Average Deal Sizes

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Customers with billing above INR Customers with billing in the range
100 Mn of INR 50-100 Mn
(INRm)
(INRm)
FY'21 FY'22 FY'21 FY'22
26
12
9 17
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38 customers with billing of over Rs 50Mn in FY’22 compared to 26 customers in FY’21

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Board of Directors

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Diwakar Nigam
Chairman and
Managing Director
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T.S. Varadarajan
Whole
Time Director
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Priyadarshini Nigam
Whole
Time Director
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Padmaja Krishnan
Independent
Director
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Saurabh Srivastava Subramaniam
Independent Ramnath Iyer
Director Independent Director
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Kaushik Dutta
Independent
Director
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Leadership Team

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Diwakar Nigam Chairman and Managing Director Tarun Nandwani Chief Operating Officer Anand Raman EVP & COO - Newgen Software Inc. Rajvinder Singh Kohli Sr. VP – Global GSI Sales

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Virender Jeet Chief Executive Officer Dr. S.J. Raj Sr. VP – HRD Arvind Jha Sr. VP – Product Arun Kumar Gupta Chief Financial Officer

Leadership Team

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R. Krishna Kumar
Sunil Pandita Vivek Bhatnagar Prashant Sahai Pramod Kumar Hemant Makhija
VP – Sales
VP – Sales (India) VP –Sales (EMEA) VP – Sales VP – Sales (APAC) VP – Marketing
(Australia)
(Middle East)
Vivek Mani Arpan Bansal
Atin Kumar Ashok Kapoor Anurag Kumar Shah
Tripathi VP – Product & VP – Marketing Dushyant Kumar
Head-Global VP – Customer
VP –HRD & (Govt. & GSI VP – GSI
Solutions (Americas)
Delivery Experience Operations Initiatives) Enablement
Ritesh Varma
Nikhil Sawhney Shikha Bhatt Mukesh Bhatnagar
Manojit Majumdar VP – Product &
VP – Customer VP – Channel Sales VP – Delivery VP – International
Solutions (India,
Relations (EMEA, APAC) (India) Operations
EMEA, APAC)
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Financial Summary (Consolidated)	Financial Summary (Consolidated)	Financial Summary (Consolidated)	Financial Summary (Consolidated)
Particulars Q4FY22 (Unaudited) Q4FY21 (Unaudited) YoY Growth		Q3FY21 (Unaudited) QoQ Growth	FY22 (Audited) FY21 (Audited) YoY Growth
Revenue (INR Mn)	Revenue from operations 2,314 2,000 15.7%	2,025 14.3%	7,790 6,726 15.8%
	Other Income 51 46 12.4%	72 -29.2%	299 150 98.9%
	Total Income 2,366 2,046 15.6%	2,098 12.8%	8,089 6,877 17.6%
Profits (INR Mn)	EBITDA_(adjusted_ for other income) 674 664 1.6%	579 16.6%	1,947 1,919 1.4%
	Profit after tax 574 527 8.9%	478 20.1%	1,642 1,265 29.8%
Margin (%)	EBITDA (adjusted for other income) 29.1% 33.2%	28.6%	25.0% 28.5%
	Profit after tax 24.3% 25.8%	22.8%	20.3% 18.4%
EPS (INR)	Basic 8.25 7.61 8.4%	6.89 19.8%	23.65 18.28 29.4%
	Diluted 8.22 7.51 9.4%	6.57 25.0%	23.50 18.10 29.8%

Q4 FY’22 v/s Q4 FY’21

• Revenue from operations witnessed a growth of 16% Q4 YoY and Profit after Tax remained stable

FY’22 v/s FY’21

• Revenue from operations witnessed a growth of 16% YoY and Profit after tax was up by 30% YoY with enhanced business from existing customer and addition of 53 new logos

• EBIDTA stable on account of normalization of cost base as well as increased remuneration to manage attrition

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Diversification Across Verticals and Geographies

Q4 FY’22 Revenue Split by Segment Q4 FY’22 Revenue Split by Vertical

Q4 FY’22 Revenue Split by Geography

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Implementatio Sale of APAC (Ex-India)
n & other Products 15% India
Healthcare
Others
services 18% 27%
Insurance 5%
6%
27%
9%
SaaS BPO/IT
3%
8%
USA
Govt/
23%
PSUs
10%
Banking
67%
ATS/AMC
Support
23%
24% EMEA
35%
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Key Orders

• Entered into a transformation deal for a leading housing finance company and a leading private sector bank in India during the quarter.

• Large sized project win from a leading privately-owned Philippine commercial bank

• Project for a leading omnichannel fintech company delivering digital financing solutions in Saudi Arabia seeking micro-financing assistance through personal and consumer loans

• Project for a federal government entity in UAE managing the federal budget and regulating the financial laws and financial institutions

• 53 new logo wins in FY’22; seeded the Australia market

• 16 new logo wins in Q4 FY’22 across geographies

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Strengthening Balance Sheet

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Debtor Days (Based on Gross Debtors) Debtor Days (Based on Net Debtors)
(INRm) (INRm)
180
160
170 150
160 140
150 130
140 120 2,789
3,145
2,694
130 110
3,243 2,822 100
120
2,385
90
110
80
100 M A R ' 2 0 J U N ' 2 0 S E P ' 2 0 D E C ' 2 0 M A R ' 2 1 J U N ' 2 1 S E P ' 2 1 D E C ' 2 1 M A R ' 2 2
M A R ' 2 0 J U N ' 2 0 S E P ' 2 0 D E C ' 2 0 M A R ' 2 1 J U N ' 2 1 S E P ' 2 1 D E C ' 2 1 M A R ' 2 2
Debtor Days Gross Trade Receivables (INR Mn) Debtor Days Net Trade Receivables (INR Mn)
179 149
157
153
131
129
148
122
138
128
100
120 97
95
90
87
104
102
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Note: The business is seasonal in nature with proportionately higher revenues and debtor days in the year end period (March)

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!

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New Delhi, IN
Mississauga, ON London, UK
Mumbai, IN
Chennai, IN
San Francisco, CA
Tampa, FL
Bengaluru, IN
Dubai, AE
McLean, VA Sydney, AU
Singapore, SG
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Global Offices

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

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

Disclaimer

This presentation may contain certain forward-looking statements concerning Newgen Software Technologies’ future business prospects and business profitability, which are subject to several 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.

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P&L Statement

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(All amounts in INR Mn, except per share data and unless otherwise stated)	Q4 FY 2022	Q4 FY 2021	Q3 FY 2022	FY 2022	FY 2021
Revenue
Revenue from operations	2,314.2	1,999.8	2,025.1	7,789.6	6,726.2
Other income	51.3	45.7	72.5	299.1	150.4
Total revenue	2,365.5	2,045.5	2,097.6	8,088.7	6,876.6
Expenses
Employee benefits	1,112.2	937.4	1,025.9	4,090.1	3,276.2
Finance costs	15.5	8.3	7.2	34.9	56.3
Depreciation and amortization	49.5	50.8	43.3	176.3	201.5
Other expenses	527.5	398.5	420.5	1,752.8	1,531.0
Total expenses	1,704.8	**1,395.1 **	1,497.0	**6,054.2 **	5,064.9
Profit before tax	660.8	650.5	600.6	2,034.5	1,811.7
Tax expenses
Current tax/Tax expense for earlieryears	97.6	134.7	111.5	337.0	526.6
Deferred tax(credit)/charge	-10.9	-11.5	11.0	55.4	20.2
Profit after tax for theyear	**574.1 **	527.3	**478.1 **	**1,642.1 **	1,264.8
Other comprehensive income/(loss) for theyear, net of income tax	-12.5	7.9	3.0	-7.2	23.3
Total comprehensive income for the year	561.6	535.3	481.1	1,634.9	1,288.2
Earnings per equity share (face value of Rs. 10 per share)
Basic earning per share	8.25	7.61	6.89	23.65	18.28
Diluted earning per share	8.22	7.51	6.57	23.50	18.10

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info@newgensoft.com

www.newgensoft.com

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PRESS RELEASE

Newgen Software Reports Total Income of Rs 809 cr in FY’22, up 18% YoY; Net Profit at Rs 164 cr in FY’22, up 30% YoY

To continue investing in products and strengthening partner ecosystem

New Delhi, India – May 3, 2022

The management of Newgen Software Technologies Ltd. announced results for the full year and quarter ended March 31, 2022 at its Board Meeting held on May 3, 2022.

Key Highlights- FY’22

Revenues Subscription Revenues Profit after Tax Rs 779 Cr Rs 246 Cr Rs 164 Cr (16% YoY growth) (23% YoY growth) (30% YoY growth) Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “FY’22 was a transition year for us in many aspects, as we complete 30 years of our global enterprise product journey. We were back on the growth track witnessing 16% YoY revenue growth during the year. We have been able to achieve a smooth transition from license to cloud and subscription revenues, which are more long term and multi-year in nature, along with accomplishing growth.

Cloud and Subscription revenues have witnessed a robust growth of 23% YoY. We have large cloud and subscription order booking leading to more assured revenues in future years. We are seeing increasing adoption of subscription/cloud across geographies with large orders in India, EMEA, APAC as well as Australia.”

“We start FY’23, with new vigor and a new branding, driven by our rich and differentiated platform, lasting relationships with customers, strong team and a robust demand environment. We continue to invest on our products, employee trainings, and on strengthening our partner ecosystem for gaining momentum in newer, bigger markets.” said Virender Jeet, CEO, Newgen Software.

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Key Consolidated Financial Highlights (FY’22)

Revenue from operations (consolidated) at Rs 779.0 crores as compared to Rs 672.6 crores in FY’21, up 16% YoY.

• Subscription revenues (ATS/AMC and cloud) were at Rs 246.1 crores, up 23% YoY; increasing share of the cloud business. Total annuity revenue streams (ATS/AMC, support, and cloud/SaaS) at Rs 456.5 crores, contributing 59% to revenues

• Revenue from the sale of products/license were at Rs 161.0 crores, up 23% YoY

• Profit after tax up by 30% YoY at Rs 164.2 crores from Rs 126.5 crores in FY’21.

Cash, Bank Balance, Investments, and Bank Deposits at Rs 462.2 crores as of 31 March, 2022.

Key Consolidated Financial Highlights (Q4 FY’22)

Revenue from operations (consolidated) witnessed strong sequential growth reaching Rs 231.4 crores as compared to Rs 200.0 crores in Q4 FY’21 (up 16% YoY).

• Subscription revenues (ATS/AMC and cloud) were at Rs 69.8 crores, witnessing strong growth of 34% YoY. Annuity revenue streams (ATS/AMC, support, and cloud/SaaS) were at Rs 125.5 crores

• Revenue from the sale of products/license were at Rs 42.4 crores

Profit after tax stable at Rs 57.4 crores from Rs 52.7 crores in Q4 FY’21

Key Business Highlights (Q4 FY’22)

• Newgen has filed 44 patents till date, out of which 23 have been granted in India and the US.

• 16 new customer logos addition in the quarter; some notable successes include:

• Large sized project win from a leading privately-owned commercial bank in Phillipines

• Project for a leading omnichannel fintech company delivering digital financing solutions in Saudi Arabia delivering micro-financing assistance through personal and consumer loans

• Project for a federal government entity in the UAE, managing the federal budget and regulating the financial laws and financial institutions

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• Enhanced growth across regions with EMEA region being the largest revenue contributor during the year, growing at 42% YoY followed by APAC, India, and the US. Received first orders from the Australia market.

• Accelerated performance in Banking & Financial Services, Insurance and Government/PSU verticals. Entered into transformation deals for a leading housing finance company and for a leading private sector bank in India during the quarter.

About Newgen

Newgen 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, 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@newgensoft.com