Newgen Software Technologies Limited — Investor Presentation 2023

Oct 17, 2023

==> picture [140 x 37] intentionally omitted <==

Newgen Software Technologies Limited

CIN: L72200DL 1992PLC049074, Registered Office: E-44/13, Okhla Phase II, New Delhi 110020, India Tel: +91 11 46533200, 26384060, 26384146 Fax:+91 11 26383963

Date: 17[th] October 2023

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.: Revised Investor Presentation and Press Release on Financial Results for the 2[nd] Quarter and Half-Year ended 30[th] September 2023

Dear Sir/ Ma'am,

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

• 1) Revised 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

Aman Mourya Company Secretary

Encl. : a/a

==> picture [554 x 30] intentionally omitted <==

==> picture [842 x 159] intentionally omitted <==

Newgen Software Technologies Ltd.

Q2 FY’24 Investor Presentation

==> picture [122 x 33] intentionally omitted <==

Newgen – Business Highlights (FY’23)

==> picture [228 x 206] intentionally omitted <==

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

Established in 1992
one world, one workplace
17 verticals
Major Verticals including
Banking & FS, Insurance, Government
----- End of picture text -----

==> picture [36 x 35] intentionally omitted <==

27% increase in average deal sizes: 51 customers over Rs 50mn billing

==> picture [228 x 316] intentionally omitted <==

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

Over 520+ active customers [(1)]
Partner with leading
GSIs
44 patents filed,
23 approved
----- End of picture text -----

==> picture [34 x 35] intentionally omitted <==

Direct presence in 7 countries (Customers across 74 countries) ~3,800 Personnel

( with ~570 personnel in R&D ~330 personnel in S&M)

==> picture [61 x 62] intentionally omitted <==

Consistently recognized by Gartner and Forrester

==> picture [82 x 7] intentionally omitted <==

(1) Customers billed in last 12 months All Figures as of March 31, 2023

Newgen – Financial Snapshot (FY’23)

==> picture [39 x 35] intentionally omitted <==

Rs 10,080 Million Total Income (25% YoY Growth) Rs 12,905 Million(3) Total Bookings** (29% YoY Growth) (Billing growth at 29% YoY)

Rs 3,227 Million Subscription Revenues (31% YoY Growth) with over Rs 1,000Mn SaaS revenues Rs 2,122 Million* EBITDA (22% EBITDA Margin)

Rs 9,768 Million Networth Rs 1,366 Million Cash Flow from Operations

Rs 1,763 Million PAT (18% PAT Margin)

• Subscription revenues comprise of ATS/AMC and Cloud/ Subscription License revenue streams. SaaS revenues comprise Cloud/ Subscription License Revenues **Total Bookings (include more than 1 year for subscription license and cloud) All Figures as of March 31, 2023

==> picture [122 x 33] intentionally omitted <==

Newgen: Enterprise-wide unified digital transformation platform provider

==> picture [194 x 63] intentionally omitted <==

==> picture [37 x 37] intentionally omitted <==

==> picture [37 x 37] intentionally omitted <==

==> picture [37 x 36] intentionally omitted <==

==> picture [36 x 36] intentionally omitted <==

Digitize

Contextual Content Services (ECM) OmniDocs

Deliver contextual content Manage complex business for smarter decision making information and extract and improved collaboration intelligent insights

Process & Adapt

Low Code Process Automation (BPM) iBPS

Digitize end-to-end customer and employee journeys with low code

Communicate

Data Science Omnichannel Customer Artificial Engagement (CCM) Intelligence Cloud OmniOMS

Deliver personalized communications across channels at scale

Enable intelligent decisionmaking by infusing AI into business processes

==> picture [82 x 7] intentionally omitted <==

Low Code Application Development

• No Code/Low Code

• Portal Interface Development

• Mobile App Development

• Business Rules Management

• Back-office App and Desktop Development

Data Science and AI

• Model training, Visualization

• Analytics-based Process insights

• Taxonomy Management

• Content Classification and Analytics

Governance and Security

• Privacy and Access Control

• Audit Trails

• Data Encryption

• Regulatory Compliance

Process Automation

• Business Process Management

• Journey Orchestration

• RPA

• Business Operations Dashboard

• Process Optimization

• Master Data Management

Contextual Content and Communications

• Content Services

• Intelligent Document Processing

• Records Management

• Contextual and Personalized Communications

Integration

• Catalogue of reusable Services

• Pre-integrated Connectors

• Integration frameworks

• Microservices

• DevOps

==> picture [122 x 33] intentionally omitted <==

Business Applications Range in Complexity of Process & Information

==> picture [436 x 298] intentionally omitted <==

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

Complex, Enterprise-wide
Business Processes
Traditionally Strong
Comprehensive Digital
Process Automation
Transformation Platforms
Platforms
Traditionally Strong
Pure-play Low Code
Content Management
Application Platforms
Platforms
Simple Information
----- End of picture text -----

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

Simple, Departmental Business Processes

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

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 as composable components

Global SI partnerships for reach and scale

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

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

NewgenONE With Contextual Content Services Capability…

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

==> picture [669 x 260] intentionally omitted <==

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

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
----- End of picture text -----

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

NewgenONE With Low Code Process Automation Capability…

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

==> picture [35 x 33] intentionally omitted <==

==> picture [35 x 33] intentionally omitted <==

==> picture [30 x 28] intentionally omitted <==

==> picture [24 x 22] intentionally omitted <==

==> picture [40 x 26] intentionally omitted <==

==> picture [616 x 261] intentionally omitted <==

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

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
----- End of picture text -----

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

NewgenONE With Personalized Customer Engagement Capability…

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

==> picture [656 x 289] intentionally omitted <==

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

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
----- End of picture text -----

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Newgen AI Cloud – A unified platform for all data science needs

==> picture [685 x 319] intentionally omitted <==

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Trusted by Leading Analysts

==> picture [134 x 32] intentionally omitted <==

==> picture [158 x 27] intentionally omitted <==

• A “Niche Player” in Gartner® Magic Quadrant™for Enterprise Low-Code Application Platforms, 2023, published on 31[st] December 2022, Paul Vincent et al.

• A “Leader” in The Forrester Wave™: Content Platforms, Q1 2023, authored by Cheryl McKinnon et al.

• A “Strong Performer” in Forrester Wave™: Robotic Process Automation, Q1 2023 Report, authored by Bernhard Schaffrik, et al.

• Recognized in Gartner's Market Guide for Market Guide for Content Services Platforms, published on 9[th] January 2023, Marko Sillanpaa

• “A Strong Performer” in The Forrester Wave™: Digital Process Automation Software, Q4 2021, authored by Rob Koplowitz

• Recognized in Gartner's Market Guide for U.S. Healthcare Payers' Provider Network Management Applications 2023, published on 13[th] January 2023, Connie Salgy

==> picture [64 x 63] intentionally omitted <==

• A Leader in Enterprise G2 Grid®: ECM Software for Enterprise Businesses

• A Leader in Enterprise G2 Grid®: BPM Software for Enterprise Businesses

Source: https://newgensoft.com/company/recognition/

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Resilient Business Model in Place

==> picture [741 x 316] intentionally omitted <==

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

||||||||
|---|---|---|---|---|---|---|
|61%|18%|
|21%|
|Large annuity revenues streams|Annuity Revenues|[(1)]|Sale of Products|Sale of Services|
|FY23 Revenue Split by Segment|
|66%|9%|7%|3%|7%|
|8%|
|Mission critical solutions across key verticals|Banking & FS|Govt.|Insurance|Health|BPO|Others|
|FY23 Revenue Split by Segment|
|32%|31%|13%|
|24%|
|Diversification across geographies|EMEA|India|USA|APAC|
|FY23 Revenue Split by Geography|

----- End of picture text -----

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

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Innovation at the Core

==> picture [77 x 77] intentionally omitted <==

==> picture [77 x 77] intentionally omitted <==

==> picture [77 x 77] intentionally omitted <==

==> picture [77 x 77] intentionally omitted <==

Investment of 10% of revenues in R&D initiatives in FY’23

44 patents filings, 23 granted till date

NewgenONE platform (new generation) backed with a cloud-native, multipersona AI/ML data science platform, enhanced document classification and extraction capabilities, integrated process and Robotic Process Automation capabilities, and strengthened DevOps for easy application deployment/update Deep domains solution offerings released including Low code Trade Finance Platform

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Our Go-to-market

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

• Over 330* Employees in Sales & Marketing/ Solutioning 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. Strong emphasis on Banking sector in traditional markets

• Focus on larger size banks and credit unions in the mature markets with higher mining ability

• Differentiated 'land and expand' model through 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)

• 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.

• Continuous support to partners in pre-sales, sales, marketing initiatives and provision of trainings, certification programs, partner portal, technical assistance etc.

==> picture [82 x 7] intentionally omitted <==

• Regrouped

==> picture [122 x 33] intentionally omitted <==

Strong Acceleration in Annuity and Subscription Revenues

Annuity Revenues (INR Mn) Subscription Revenues (INR Mn)

SaaS Revenues (INR Mn)

==> picture [785 x 306] intentionally omitted <==

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

(INRm) (INRm) (INRm)
22% 27% 54%
(FY’18-23 CAGR) (FY’18-23 CAGR) (FY’18-23 CAGR)
FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23
5,945
3,227
4,565
3,871 2,461
3,686 2,002 998
3,030
1,686
2,209 618
1,275
496
961 383
239
114
----- End of picture text -----

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

(2) Annuity Revenues comprise of ATS/AMC, Cloud/ Subscription License and Support revenue streams (3) SaaS revenues comprise Cloud/ Subscription License Revenues

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Growing Large Customer Base with low client concentration

==> picture [788 x 267] intentionally omitted <==

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

Increasing base of customers with over
Low Client Concentration
Rs 50Mn billing
40%
35%
34%34%
30% 26%
24%
22%
17%
20%
15%
26 38 51 15%
10%
0%
FY’21 FY’22 FY’23 Top 5 Top 10 Top 20
FY'21 FY'22 FY'23
----- End of picture text -----

==> picture [82 x 7] intentionally omitted <==

Board of Directors

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

==> picture [176 x 57] intentionally omitted <==

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

Diwakar Nigam
Chairman and
Managing Director
----- End of picture text -----

==> picture [391 x 158] intentionally omitted <==

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

T.S. Varadarajan Priyadarshini Nigam
Whole Whole
Time Director Time Director
----- End of picture text -----

==> picture [176 x 158] intentionally omitted <==

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

Padmaja Krishnan
Independent
Director
----- End of picture text -----

==> picture [377 x 159] intentionally omitted <==

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

Saurabh Srivastava Subramaniam
Independent Ramnath Iyer
Director Independent Director
----- End of picture text -----

==> picture [98 x 100] intentionally omitted <==

==> picture [176 x 57] intentionally omitted <==

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

Kaushik Dutta
Independent
Director
----- End of picture text -----

Leadership Team

==> picture [78 x 77] intentionally omitted <==

==> picture [79 x 79] intentionally omitted <==

Diwakar Nigam Chairman and Managing Director Tarun Nandwani Chief Operating Officer Anand Raman EVP & COO - Newgen Software Inc.

==> picture [78 x 77] intentionally omitted <==

==> picture [80 x 79] intentionally omitted <==

Virender Jeet Chief Executive Officer Dr. S.J. Raj EVP – Global Business Strategy and HR Arun Kumar Gupta Chief Financial Officer

Rajvinder Singh Kohli Sr. VP – Global GSI Sales

==> picture [122 x 33] intentionally omitted <==

Leadership Team

==> picture [65 x 65] intentionally omitted <==

==> picture [65 x 65] intentionally omitted <==

==> picture [63 x 63] intentionally omitted <==

==> picture [65 x 65] intentionally omitted <==

==> picture [65 x 64] intentionally omitted <==

==> picture [65 x 65] intentionally omitted <==

==> picture [66 x 66] intentionally omitted <==

Sunil Pandita Vivek Bhatnagar R. Krishna Kumar VP – Sales Prashant Sahai Pramod Kumar Sandeep Hinduja VP – Customer Ashok Kapoor VP – Sales (India) VP –Sales (EMEA) (Australia) VP – Sales VP – Sales (APAC) VP – Sales (US) Experience (Middle East) Head-Global Atin Kumar Vivek Mani VP –HRD & Tripathi Anurag Kumar Shah Solutions (Americas)VP – Product & Success (Americas)VP – Customer Nitin Gupta VP – Marketing Arpan Bansal (Govt. & GSI Relations (EMEA, APAC) Nikhil Sawhney VP – Customer Manojit Majumdar VP – Channel Sales Delivery Initiatives) Operations VP – Product & Ritesh Varma VP – Delivery Shikha Bhatt Mukesh Bhatnagar VP – International Sanjay Pandey Varun Goswami VP – Product Runki Goswami Solutions (India, (India) Operations VP – Engineering Management VP – Marketing

Ritesh Varma VP – Product & Solutions (India, EMEA, APAC)

==> picture [82 x 7] intentionally omitted <==

==> picture [842 x 159] intentionally omitted <==

Q2 FY’24 Results

==> picture [842 x 159] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Financial Summary (Consolidated)

Particulars	YoY Growth Q2FY23 (Unaudited) Q2FY24 (Unaudited)	QoQ Growth Q1FY24 (Unaudited)	YoY Growth H1 FY23 (Unudited) H1 FY24 (Unudited)
Revenue (INR Mn)	29.7% 2,261 2,932 Revenue from operations	16.5% 2,517	31.6% 4,140 5,449
	41.8% 66 93 Other Income	-25.3% 125	30.6% 167 218
	30.0% 2,327 3,026 Total Income	14.5% 2,642	31.6% 4,307 5,668
Profits (INR Mn)	52.3% 376 572 EBITDA_(adjusted_ for other income)	78.2% 321	57.2% 568 894
	59.3% 300 478 Profit after tax	58.2% 302	56.7% 498 780
Margin (%)	16.6% 19.5% EBITDA (adjusted for other income)	12.8%	13.7% 16.4%
	13.3% 16.3% Profit after tax_(on_ revenue)	12.0%	12.0% 14.3%
EPS (INR)	57.6% 4.35 6.86 Basic	58.2% 4.34	56.5% 7.15 11.19
	55.3% 4.33 6.72 Diluted	58.1% 4.25	54.0% 7.12 10.96

Q2 FY’24 v/s Q2 FY’23

• Newgen witnessed continuing growth momentum with revenue growth of 30% Q2 YoY driven by strong growth in banking and financial services across geographies.

• Profit after Tax witnessed a growth of 59% Q2 YoY

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Revenues Across Verticals and Geographies

==> picture [811 x 335] intentionally omitted <==

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

Q2 FY’24 Revenue Split by Segment Q2 FY’24 Revenue Split by Vertical Q2 FY’24 Revenue Split by Geography
Implementation Sale of APAC (Ex-India)
& other services Products 11%
22% 17% InsuranceHealthcare Others India
6%
6%
5% 32%
BPO/IT
1%
SaaS USA
Govt/
10% 23%
PSUs
8%
Banking
Support ATS/AMC
74%
30%
21%
EMEA
34%
----- End of picture text -----

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Key Business Highlights

• Honoured with the prestigious Mahatma Award for Social Good and Impact towards Quality Education

• Established new offices in New York (United States of America) and Riyadh (Kingdom of Saudi Arabia) to expand footprint in the US and Middle East market

• Newgen and Coforge Ltd., a global digital services and solutions provider, elevated their partnership to deliver transformative insurance lifecycle management solutions

• Newgen’s Accounts Payable solution recognized in the Gartner “Market Guide for Accounts Payable Invoice Automation 2023 Report

• CRISIL reaffirmed the short-term rating of CRISIL A1 for debt instruments/facilities of the Company

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Key Business Highlights

 Key Customer Orders:

• Significant milestone achieved with the recently announced order of Rs 68 crores from a leading public sector bank in India for development and management of their complete Digital Business Platform. This is the largest order in terms of value for Newgen so far

• Working with one of the largest banks in India for their Agri-Lending Solution

• Fortified relationships and expanded business with existing customers in EMEA region especially in Saudi Arabia. Undertaking a large project for a specialized finance company under Central Bank of Saudi Arabia for Digital Lending

• Executing a digital transformation project for Business Banking Loan originations for a leading private sector bank in Egypt

• Added a significant new logo in Americas region - a leading global analytics and technology provider to the insurance industry, for our Content Management offering on cloud

 14 new customer logo additions in the quarter

==> picture [82 x 7] intentionally omitted <==

==> picture [122 x 33] intentionally omitted <==

Debtors Days

==> picture [749 x 323] intentionally omitted <==

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

Debtor Days (Based on Net Debtors)
160
145
140
126
115
120 111
105
102
100
80
60
40
20
0
Q1 FY'23 Q2 FY'23 Q3 FY'23 Q4 FY'23 Q1 FY'24 Q2 FY'24
----- End of picture text -----

Note: The business is seasonal in nature with proportionately higher revenues and debtor days in the year end period (March)

==> picture [82 x 7] intentionally omitted <==

!

==> picture [362 x 406] intentionally omitted <==

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

New Delhi, IN
Mississauga, ON London, UK
Mumbai, IN
Riyadh, KSA
New York, NY
Chennai, IN
San Francisco, CA
Tampa, FL
Bengaluru, IN
Dubai, AE
McLean, VA Sydney, AU
Singapore, SG
Global Offices
For any investor queries, please contact:
Deepti Mehra Chugh
Head – Investor Relations
Phone: +91 11 46 533 200
Mail : deepti.chugh@newgensoft.com www.newgensoft.com
----- End of picture text -----

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.

==> picture [82 x 7] intentionally omitted <==

P&L Statement

==> picture [122 x 33] intentionally omitted <==

(All amounts in INR Mn, except per share data and unless otherwise stated)	Q2 FY 2024	Q2 FY 2023	Q1 FY 2024
Revenue
Revenuefromoperations	2,932.4	2,261.2	2,516.7
Other income	93.4	65.9	125.1
Total revenue	3,025.7	2,327.0	2,641.8
Expenses
Employee benefits	1,566.3	1,277.5	1,443.5
Finance costs	11.2	11.6	12.0
Depreciationand amortization	68.6	61.0	68.2
Otherexpenses	793.7	607.9	751.9
Total expenses	2,439.7	1,957.9	2,275.7
**Profit before tax **	586.0	369.1	366.1
Tax expenses
Current tax / Tax expense for earlier years	110.9	70.8	93.7
Deferred tax (credit)/charge	-2.7	-1.7	-29.6
Profit after tax for the year	477.9	300.0	302.0
Other comprehensive income/(loss) for the year, net of income tax	1.9	-2.3	-4.2
Total comprehensive income for the year	479.7	297.7	297.9
Earnings per equity share (face value of Rs. 10 per share)
Basic earning per share	6.86	4.35	4.34
Diluted earning per share	6.72	4.33	4.25

==> picture [82 x 7] intentionally omitted <==

info@newgensoft.com

www.newgensoft.com

==> picture [149 x 40] intentionally omitted <==

PRESS RELEASE

Revenues at Rs 293 cr in Q2 FY’24, up 30% Q2 YoY; Profit after Tax at Rs 48 cr, up 59% Q2 YoY

New Delhi, India – October 17, 2023

The management of Newgen Software Technologies Ltd. announced results for the quarter ended September 30, 2023 at its Board Meeting held on October 17, 2023.

Key Highlights- Q2 FY’24

Revenue Rs 293 Cr (30% YoY growth)		PAT Rs 48 Cr (59% YoY growth)		New Logo Wins 14

Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “We continue to build upon the business momentum with four consecutive high growth quarters now. We witnessed a strong Q2 performance with 30% YoY revenue growth and margin expansion compared to same quarter last year.

We have been making deeper penetration through our Digital Lending Platform in the banking sector and have received high value orders during the quarter as market activity picks up in this segment across different geographies. We are becoming a preferred and trusted platform in the banking ecosystem for accelerating their business. We are further working on expanding our market footprint through opening of new offices.

“Using Newgen’s Low Code Platform based on a modern architecture of microservices and AI/ML, we continue to innovate for customers making our solutions more efficient, productive, and collaborative.” said Virender Jeet, CEO, Newgen Software.

==> picture [149 x 40] intentionally omitted <==

Key Consolidated Financial Highlights (Q2 FY’24)

Revenue from operations (consolidated) at Rs 293 crores as compared to Rs 226 crores in Q2 FY’23, up 30% Q2 YoY driven by strong growth in banking and financial services across geographies.

• Total annuity revenue streams (ATS/AMC, support, cloud/SaaS and subscription license) at Rs 179 crores, with strong growth in Support revenues. Subscription revenues (ATS/AMC, cloud and subscription license) were at Rs 90 crores.

• Revenue from implementation grew by 82% Q2 YoY to reach Rs 62 crores.

• Profit after tax at Rs 48 crores up 59% from Rs 30 crores in Q2 FY’23.

Net Cash from Operating activities at Rs 146 crores for the six-month period ending September 30, 2023.

Key Business Highlights (Q2 FY’24)

o

• Honoured with the prestigious Mahatma Award for Social Good and Impact towards Quality Education

• Key Customer Orders

• Significant milestone achieved with the recently announced order of Rs 68 crores from a leading public sector bank in India for development and management of their complete Digital Business Platform. This is the largest order in terms of value for Newgen so far

• Working with one of the largest banks in India for their Agri-Lending Solution

• Fortified relationships and expanded business with existing customers in EMEA region especially in Saudi Arabia. Undertaking a large project for a specialized finance company under Central Bank of Saudi Arabia for Digital Lending

• Executing a digital transformation project for Business Banking Loan originations for a leading private sector bank in Egypt

• Added a significant new logo in Americas region - a leading global analytics and technology provider to the insurance industry, for our Content Management offering on cloud

• 14 new customer logo additions in the quarter

• Established new offices in New York (United States of America) and Riyadh (Kingdom of Saudi Arabia) to expand footprint in the US and Middle East market

==> picture [149 x 40] intentionally omitted <==

• Newgen and Coforge Ltd., a global digital services and solutions provider, elevated their partnership to deliver transformative insurance lifecycle management solutions

• Newgen’s Accounts Payable solution recognized in the Gartner “Market Guide for Accounts Payable Invoice Automation 2023 Report.

• CRISIL reaffirmed the short-term rating of CRISIL A1 for debt instruments/facilities of the Company

About Newgen

Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, communication management, and AI/ML 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.

For more details, visit www.newgensoft.com

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:
	Runki Goswami runki.goswami@newgensoft.com		Deepti Mehra Chugh deepti.chugh@newgensoft.com