Newgen Software Technologies Limited — Investor Presentation 2023

May 2, 2023

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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: 02[nd] May 2023

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 2023

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

AMAN MOURYA Digitally signed by AMAN MOURYA Date: 2023.05.02 13:40:40 +05'30'

Aman Mourya Company Secretary

Encl. : a/a

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Newgen Software Technologies Ltd.

Full Year and Q4 FY’23 Investor Presentation

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Newgen – Business Highlights (FY’23)

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Over 520+ active customers[(1)] Direct presence in 7 countries (Customers across 74 countries) Partner with leading ~3,800 Personnel GSIs ( with ~570 personnel in R&D ~330 personnel in S&M)

Established in 1992 one world, one workplace 17 verticals Partner with leading Major Verticals including GSIs Banking & FS, Insurance, Government 44 patents filed, 27% increase in average deal sizes: 23 approved 51 customers over Rs 50mn billing

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Consistently recognized by Gartner and Forrester

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

Newgen – Financial Snapshot (FY’23)

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Rs 9,768 Million Rs 3,227 Million Rs 10,080 Million Networth Total Income Subscription Revenues (31% YoY Growth) Rs 1,366 Million (25% YoY Growth) with over Rs 1,000Mn SaaS revenues Cash Flow from Operations Rs 12,905 Million(3) Rs 2,122 Million Rs 1,763 Million Total Bookings* EBIDTA PAT (29% YoY Growth) (22% EBIDTA Margin) (18% PAT Margin) (Billing growth at 29% YoY)

• 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

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Newgen: Enterprise-wide unified digital transformation platform provider

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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

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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

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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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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

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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 Design Generate Track Engage Channels
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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Newgen AI Cloud – A unified platform for all data science needs

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Trusted by Leading Analysts

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• 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

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• 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/

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Resilient Business Model in Place

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||||||||
|---|---|---|---|---|---|---|
|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|

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

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Our Markets

Process-agnostic software that enables Hyperautomation: by 2026[(1)]

$65.4bn (including: Low Code Application Development Robotic Process Automation (RPA)

Content Services platform by 2026[(2)] $9.4bn

Source:

1. Gartner Forecast Analysis: Hyperautomation Enablement Software, Worldwide | Published: Oct 2022 | Authors: Cathy Tornbohm, Varsha Mehta, Tarun Rohilla, Anna Griffen 2. – Gartner Forecast Analysis: Enterprise Application Software, Worldwide |Published: Aug 2022 | Authors: Amarendra ., Yanna Dharmasthira, Jim Hare, Balaji Abbabatulla, Eric Hunter, Kevin Quinn, Julian Poulter, Roland Johnson, Alexandre Oddos, Chris Pang, Alys Woodward, Radu Miclaus, Craig Roth, Neha Gupta

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Innovation at the Core

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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

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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.

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• Regrouped

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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) Subscription Revenues (INR Mn)

SaaS Revenues (INR Mn)

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(INRm) (INRm)
22% 27%
(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
5,945
3,227
4,565
3,871 2,461
3,686
2,002
3,030
1,686
2,209
1,275
961
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(INRm) 54% (FY’18-23 CAGR)

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FY'18 FY'19 FY'20 FY'21 FY'22 FY'23
998
618
496
383
239
114
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(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

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(3) SaaS revenues comprise Cloud/ Subscription License Revenues

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Growing Large Customer Base with low client concentration

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Increasing base of customers with over
Rs 50Mn billing
26 38 51
FY’21 FY’22 FY’23
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Low Client Concentration
40%
35%
34%34%
30% 26%
24%
22%
17%
20%
15% 15%
10%
0%
Top 5 Top 10 Top 20
FY'21 FY'22 FY'23
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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
Independent
Director
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Subramaniam
Ramnath Iyer
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.

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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

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Leadership Team

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Sunil Pandita Vivek Bhatnagar VP – Sales (India) VP –Sales (EMEA) Vivek Mani Atin Kumar Tripathi Head-Global VP –HRD & Delivery Operations

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R. Krishna Kumar VP – Sales Prashant Sahai Pramod Kumar Sandeep Hinduja Ashok Kapoor (Australia) VP – Sales VP – Sales (APAC) VP – Sales (US) VP – Marketing (Middle East) Anurag Kumar Shah Nitin Gupta Arpan Bansal Nikhil Sawhney Manojit Majumdar VP – Product & VP – Customer VP – Marketing VP – Customer VP – Channel Sales (Govt. & GSI Relations (EMEA, APAC) Solutions (Americas) Success (Americas) Initiatives)

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

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Shikha Bhatt Mukesh Bhatnagar Sanjay Pandey VP – Delivery VP – International VP – Engineering (India) Operations

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Varun Goswami VP – Product Management

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Full Year and Q4 FY’23 Results

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Financial Summary (Consolidated)	Financial Summary (Consolidated)	Financial Summary (Consolidated)	Financial Summary (Consolidated)
YoY Growth Q4FY22 (Audited) Q4FY23 (Audited) Particulars		QoQ Growth Q3FY22 (Unaudited)	YoY Growth FY22 (Audited) FY23 (Audited)
Revenue (INR Mn)	31.8% 2,314 3,051 Revenue from operations	19.7% 2,549	25.0% 7,790 9,740
	53.4% 51 79 Other Income	-16.1% 94	13.6% 299 340
	32.3% 2,366 3,129 Total Income	18.4% 2,643	24.6% 8,089 10,080
Profits (INR Mn)	43.0% 674 964 EBITDA_(adjusted_ for other income)	63.7% 589	9.0% 1,947 2,122
	36.9% 574 786 Profit after tax	63.1% 482	7.3% 1,642 1,763
Margin (%)	29.1% 31.6% EBITDA (adjusted for other income)	23.1%	25.0% 21.8%
	24.8% 25.8% Profit after tax_(on_ total income)	18.9%	21.1% 18.1%
EPS (INR)	36.9% 8.25 11.29 Basic	63.0% 6.92	7.0% 23.65 25.32
	34.3% 8.22 11.04 Diluted	60.2% 6.89	6.4% 23.50 25.00

Q4 FY’23 v/s Q4 FY’22

• Revenues crossed the benchmark of Rs 300 crores for the first time in a quarter. Revenue from operations witnessed a growth of 32% Q4 YoY on the back of broad-based growth across all geographies

• Strong growth in Annuity/ Subscription based revenues

FY’23 v/s FY’22

• Total income crossed the benchmark of Rs 1,000 crores for the first time. Revenue from operations witnessed a growth of 25% YoY with PAT at Rs 176 crores. 47 new logos added during the year.

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Revenues Across Verticals and Geographies

Q4 FY’23 Revenue Split by Segment Q4 FY’23 Revenue Split by Vertical

Q4 FY’23 Revenue Split by Geography

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Implementatio
Sale of APAC (Ex-India)
n & other
12%
Products
services Healthcare Others India
19%
26% Insurance 7% 5% 28%
8%
BPO/IT
3%
USA
SaaS Govt/
25%
10% PSUs
6%
Banking
71%
Support ATS/AMC
26% 19% EMEA
35%
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Newgen recognized as a “Leader” in the Forrester Wave™: Content Platforms, Q1 2023 report

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“Organizations looking for an advanced content platform capable of scaling for heavy workloads and that need deployment flexibility and advanced automation and AI capabilities should consider Newgen”

– Cheryl McKinnon, Forrester Wave™: Content Platforms, Q1 2023

Newgen received the highest possible scores in 12 criteria, including:

• Intelligent content services

• Content migration

• Packaged applications

• Execution roadmap

• Lifecycle management

• Transactional content services

• •

• App design/development tools Document management

Source: Forrester Research Inc. Unauthorized reproduction, citation or distribution prohibited Authored by Cheryl McKinnon et al. https://newgensoft.com/resources/analyst-report-the-forrester-wave-content-platforms-q1-2023/

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Debtors Days

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Debtor Days (Based on Net Debtors)
160
149
145
140 129 131
122
115
120 111
100 102
97 95
100 90
87
80
60
40
20
0
Q4 FY'20 Q1 FY'21 Q2 FY'21 Q3 FY'21 Q4 FY'21 Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1 FY'23 Q2 FY'23 Q3 FY'23 Q4 FY'23
Billing growth at 29% during the year, higher than revenue growth (25%) impacting the Debtor Days
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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@newgensoft.com 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 2023	Q4 FY 2022	Q3 FY 2023	FY 2023	FY 2022
Revenue
Revenuefromoperations	3,050.5	2,314.2	2,549.2	9,739.8	7,789.6
Other income	78.8	51.3	93.9	339.9	299.1
Total revenue	3,129.3	2,365.5	2,643.0	10,079.6	**8,088.7 **
Expenses
Employee benefits	1,415.5	1,112.2	1,304.1	5,159.0	4,090.1
Finance costs	11.8	15.5	10.8	42.5	34.9
Depreciationand amortization	67.9	49.5	61.6	246.7	176.3
Otherexpenses	670.5	527.5	655.8	2,458.6	1,752.8
Total expenses	**2,165.7 **	1,704.8	2,032.3	7,906.8	**6,054.2 **
Profit before tax	963.6	660.8	**610.7 **	2,172.8	2,034.5
Tax expenses
Current tax/Taxexpenseforearlieryears	202.3	97.6	108.7	436.0	337.0
Deferred tax(credit)/charge	-24.9	-10.9	20.0	-25.8	55.4
**Profit after tax for the year **	786.1	574.1	482.0	1,762.7	1,642.1
Other comprehensive income/(loss) for theyear, net of income tax	24.5	-12.5	37.3	52.1	-7.2
Total comprehensive income for theyear	810.6	561.6	**519.4 **	1,814.7	1,634.9
Earnings per equity share(face value of Rs. 10per share)
Basic earning per share	11.29	8.25	6.92	25.32	23.65
Diluted earning pershare	11.04	8.22	6.89	25.00	23.50

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info@newgensoft.com

www.newgensoft.com

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PRESS RELEASE

Newgen Software crosses Rs 1,000 cr Total Income for the first time YoY Revenue growth of 32% for the quarter and 25% for the full year

New Delhi, India – May 2, 2023

The management of Newgen Software Technologies Ltd. announced results for the full year and quarter ended March 31, 2023 at its Board Meeting held on May 2, 2023.

Key Highlights- FY’23

Total Income Rs 1,008 Cr (25% YoY growth)			Subscription Revenues Rs 323 Cr (31% YoY growth)		Profit after Tax Rs 176 Cr (18% Net Margin)

Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “In FY’23, Newgen has created new benchmarks for itself on the product as well as financial parameters. We crossed the milestone of Rs 1,000 crores of Total Income for the year. We have also been named as a Leader in the Forrester Wave™: Content Platforms Report. Our solutions today are driving deeper penetration into our customer base. We have been seeing an increasing trend of average ticket sizes per customer. We now have 51 customers with over Rs 5 crore annual billing”

“We are happy to see enterprises optimizing their business operations, increasing productivity, and promoting collaboration by utilizing NewgenONE platform. Our Subscription revenues have witnessed a steady and robust growth of 31% YoY. We have large order booking indicating more assured revenues.” said Virender Jeet, CEO, Newgen Software.

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Key Consolidated Financial Highlights (FY’23)

Revenue from operations (consolidated) at Rs 974.0 crores as compared to Rs 779.0 crores in FY’22, up 25% YoY.

• Subscription revenues (ATS/AMC, cloud and subscription license) were at Rs 322.7 crores, up 31% YoY; increasing share of the cloud/subscription license business. Total annuity revenue streams (ATS/AMC, support, cloud/SaaS and subscription license) at Rs 594.5 crores, contributing 61% to revenues

• Revenue from the sale of products/license were at Rs 178.7 crores, up 11% YoY

• Profit after tax at Rs 176.3 crores from Rs 164.2 crores in FY’22.

Net Cash from Operating activities at Rs 136.6 crores .

Key Consolidated Financial Highlights (Q4 FY’23)

Revenue from operations (consolidated) witnessed strong growth reaching Rs 305.1 crores as compared to Rs 231.4 crores in Q4 FY’22 (up 32% YoY).

• Subscription revenues (ATS/AMC and cloud/subscription license) were at Rs 87.5 crores, witnessing strong growth of 26% YoY. Annuity revenue streams (ATS/AMC, support, and cloud/SaaS) were at Rs 166.2 crores

• Revenue from the sale of products/license were at Rs 59.5 crores

Profit after tax stable at Rs 78.6 crores from Rs 57.4 crores in Q4 FY’22

Key Business Highlights (Q4 FY’23)

• Recognized as a “Leader” in the Forrester Wave™: Content Platforms, Q1 2023 , authored by Cheryl McKinnon et al.

(https://newgensoft.com/company/press-releases/newgen-named-as-a-leader-in-analyst-report-oncontent-platforms-q1-2023/)

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

(https://newgensoft.com/company/press-releases/newgen-recognized-strong-performer-analystreport-robotic-process-automation-q1-2023/)

• 11 new customer logos addition in the quarter; 47 new customer logo addition during the year.

• Growing large customer base - 51 customers with over Rs 5 crores billing during the year compared to 38 in FY’22.

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Key Business Highlights (Q4 FY’23)

• Enhanced growth across regions with India and EMEA regions being the largest revenue growth contributors during the year, growing at 41% YoY and 28% YoY respectively.

• Accelerated performance in Banking & Financial Services, Insurance and Government/PSU verticals

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:
	Ryan Rocque ryan.rocque@newgensoft.com	Deepti Mehra Chugh deepti.chugh@newgensoft.com