Newgen Software Technologies’ UK arm wins £1.47 million deal; stock continues to trade lower

Newgen Software Technologies (UK) Limited, a wholly owned subsidiary of Newgen Software Technologies, has secured a Master Service Agreement in the UK to provide Newgen software licences, AWS-managed cloud services, and implementation support to a customer.

The agreement, worth GBP £1,468,804 (£1.47 million), will be executed in three years. The order entails deploying Newgen’s Contract Management platform across the enterprise, enabling users to efficiently create and manage policy documents.

After opening at ₹926.30 apiece on NSE, Newgen Software shares slipped 1.4% to touch an intraday low of ₹910.55 apiece. It later recovered from the day’s low, and at the time of writing the article, the stock was trading at ₹916.40 per share, down 0.77%. The company has a market capitalisation of ₹13,051.25 crore.

Newgen Software had reported a strong financial performance in the September quarter, with net profit jumping 64% quarter-on-quarter (QoQ) to ₹82 crore, compared to ₹50 crore in June. Revenue also saw robust growth, rising 25% to ₹401 crore from ₹321 crore in the previous quarter.

The company’s EBIT more than doubled year-on-year to ₹93.5 crore, reflecting a 166% growth over the June quarter. EBITDA grew 138% sequentially to ₹102.6 crore, underscoring Newgen’s strong operational performance.

The EBIT margin also expanded significantly, rising to 23.3% from 11.2% in June — an increase of over 12 percentage points.

Geographically, all key markets contributed to the growth. Revenue from India increased to ₹117.8 crore from ₹95.3 crore, while the EMEA region grew to ₹124.5 crore from ₹103.4 crore in the previous quarter. The APAC business rose to ₹63.45 crore from ₹49.9 crore, and the US market saw revenue climb to ₹95 crore from ₹72 crore in June, reflecting broad-based momentum across regions.

Newgen is a leading provider of an AI-first unified digital transformation platform, offering native process automation, content services, customer engagement, and AI/ML capabilities. Its industry-recognised low-code application platform enables enterprises worldwide to rapidly build and deploy complex, content-driven, and customer-centric business applications on the cloud.