{"id":154984,"date":"2023-10-17T10:46:34","date_gmt":"2023-10-17T14:46:34","guid":{"rendered":"https:\/\/44.250.171.167\/?p=154984"},"modified":"2023-10-17T10:46:35","modified_gmt":"2023-10-17T14:46:35","slug":"newgen-software-technologies-limited-q2-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/newgen-software-technologies-limited-q2-fy24-earnings-conference-call-insights\/","title":{"rendered":"Newgen Software Technologies Limited Q2 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Newgen Software Technologies Limited (NEWGEN) Q2 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Revenue Growth Across Geographies<\/strong>\n<ul>\n<li>Newgen witnessed robust 30% YoY revenue growth to INR293 crores in Q2 FY24.<\/li>\n<li>Strong growth seen in India region with 38% YoY growth; significant orders from public and private banks.<\/li>\n<li>EMEA region grew 34% YoY with large value deals; expanding business in Saudi Arabia.<\/li>\n<li>Americas grew 30% YoY; added new logos like leading analytics provider.<\/li>\n<li>Healthy growth in booking and billing in H1; added 14 new logos across geographies.<\/li>\n<li>Investments to grow US business will likely start bearing fruit over the next couple of years.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Digital Banking Solutions Driving Growth<\/strong>\n<ul>\n<li>Seeing significant pickup in digital banking demand across geographies.<\/li>\n<li>Becoming preferred platform for banks to accelerate lending and reduce risk.<\/li>\n<li>Received high value orders for digital lending platform in Q2.<\/li>\n<li>Won largest order of INR68 crores from public sector bank for digital banking platform.<\/li>\n<li>Working with large Indian bank for agri lending solution.<\/li>\n<li>Signed project with Saudi bank for digital transformation of banking loan processes<\/li>\n<\/ul>\n<\/li>\n<li><strong>Strong Financial Performance<\/strong>\n<ul>\n<li>Profit after tax grew 59% YoY to INR48 crores in Q2.<\/li>\n<li>Annuity revenues growing at 26% to INR179 crores.<\/li>\n<li>Steady growth seen in subscription and license revenues.<\/li>\n<li>Implementation and support revenues growing on large deals.<\/li>\n<li>Investing 11% in R&amp;D and 21% in sales and marketing.<\/li>\n<li>Net cash from operations at INR146 crores in H1 FY24.<\/li>\n<li>Profitability also improved with expansion of EBITDA margins compared to last year.<\/li>\n<li>The momentum is expected to continue in Q3 and Q4 which are seasonally stronger quarters.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Growth In Order Bookings<\/strong>\n<ul>\n<li>Order book has grown at over 30% in recent quarters, faster than revenue growth.<\/li>\n<li>Ability to continue winning large license deals will be key to sustaining growth momentum.<\/li>\n<li>The company is now able to win larger sized deals compared to the past.<\/li>\n<li>Deal tenure remains short term, mostly for execution over the next 12 months.<\/li>\n<\/ul>\n<\/li>\n<li><strong>BFSI Growth Drivers<\/strong>\n<ul>\n<li>Digital transformation efforts, especially in lending and customer experience.<\/li>\n<li>Traction in emerging markets like India, Middle East, APAC where economic activity is high.<\/li>\n<li>Tier 1 banks looking to transform legacy processes and reduce costs.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Trade Finance Progress<\/strong>\n<ul>\n<li>Trade finance deals are large in size but have a long sales cycle due to complexity.<\/li>\n<li>Expects to close more deals in the next two quarters.<\/li>\n<li>Key markets are India, Middle East, APAC, and large US and European banks.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Margin Expansion Opportunity<\/strong>\n<ul>\n<li>Investments in H1 2022 expected to benefit H2 margins.<\/li>\n<li>If Newgen exceeds budgeted top line growth, margins can expand above 18-21% guided range.<\/li>\n<li>Q2 and H2 typically stronger margin quarters compared to H1.<\/li>\n<li>Targeting over 20% sustainable EBITDA margins long-term<\/li>\n<\/ul>\n<\/li>\n<li><strong>Market Opportunity And Strategy<\/strong>\n<ul>\n<li>The company has less than 1% market share currently, so there is a large growth opportunity.<\/li>\n<li>Growth is coming from both taking share in traditional ECM\/BPM and new digital use cases in industries like banking and insurance.<\/li>\n<li>The company is focused on modernizing and replacing legacy ECM solutions.<\/li>\n<\/ul>\n<\/li>\n<li><strong>DSO Improvement And Efficiency<\/strong>\n<ul>\n<li>DSO decreased significantly, indicating better collection efficiency.<\/li>\n<li>The company aims to achieve a 90-day DSO in the future, reflecting its focus on financial discipline.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Newgen Software Technologies Limited (NEWGEN) Q2 FY24 Earnings Concall Revenue Growth Across Geographies Newgen witnessed robust 30% YoY revenue growth to INR293 crores in Q2 FY24. Strong growth seen in India region with 38% YoY growth; significant orders from public and private banks. EMEA region grew 34% YoY with large value deals; [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[10169,9124,8532],"class_list":["post-154984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-earnings","tag-software-technology-services","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171910,"url":"https:\/\/alphastreet.com\/india\/newgen-software-q2-fy26-earnings-results\/","url_meta":{"origin":154984,"position":0},"title":"Newgen Software Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 28, 2025","format":false,"excerpt":"Newgen Software Technologies is a global software Company and is engaged in the business of software product development including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to Document management to imaging. \u00a0 Q2 FY26 Earnings Results Revenue from Operations: \u20b9400.8 crore,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Newgen Software Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Newgen-Software-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Newgen-Software-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Newgen-Software-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Newgen-Software-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Newgen-Software-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Newgen-Software-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157776,"url":"https:\/\/alphastreet.com\/india\/newgen-software-technologies-limited-q3-fy24-earnings-conference-call-insights\/","url_meta":{"origin":154984,"position":1},"title":"Newgen Software Technologies Limited Q3 FY24 Earnings Conference Call Insights","author":"Praveen","date":"January 17, 2024","format":false,"excerpt":"Key highlights from Newgen Software Technologies Limited (NEWGEN) Q3 FY24 Earnings Concall Financial Performance Revenue at INR 324 crores, up 27% year-over-year. Profit after tax at INR 68 crores, up 45%. Healthy growth across geographies like India, EMEA, APAC, Americas. Annuity revenues comprise 59% of total at INR 191 crores.\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":173209,"url":"https:\/\/alphastreet.com\/india\/newgen-software-q3-fy26-earnings-results\/","url_meta":{"origin":154984,"position":2},"title":"Newgen Software Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 20, 2026","format":false,"excerpt":"Newgen Software Technologies is a global software Company and is engaged in the business of software product development including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to Document management to imaging. Q3 FY26 Earnings Results Revenue from Operations: \u20b9400.3 crore, flat\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Newgen Software Q3 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Newgen-Software-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Newgen-Software-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Newgen-Software-Q3-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Newgen-Software-Q3-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Newgen-Software-Q3-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Newgen-Software-Q3-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":160721,"url":"https:\/\/alphastreet.com\/india\/newgen-software-technologies-limited-q4-fy24-earnings-conference-call-insights\/","url_meta":{"origin":154984,"position":3},"title":"Newgen Software Technologies Limited Q4 FY24 Earnings Conference Call Insights","author":"Praveen","date":"May 1, 2024","format":false,"excerpt":"Key highlights from Newgen Software Technologies Limited (NEWGEN) Q4 FY24 Earnings Concall Revenue Growth Revenue increased by 28% year-over-year to INR 1,244 crores. Witnessed strong growth in EMEA, 39% and India, 33% markets. Secured largest project worth INR 97 crores in APAC region. Increased number of customers with billing over\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":138726,"url":"https:\/\/alphastreet.com\/india\/newgen-software-technologies-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":154984,"position":4},"title":"Newgen Software Technologies Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 18, 2023","format":false,"excerpt":"Key highlights from Newgen Software Technologies Limited (NEWGEN) Q3 FY23 Earnings Concall Management Update: [00:03:37] NEWGEN said it is seeing increased adoption of subscription based business model, with the company\u2019s overall subscription revenue growing 37% YoY. [00:09:44] The company said that FY23 is marked by the continuing impact of elevated\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":126436,"url":"https:\/\/alphastreet.com\/india\/newgen-software-technologies-limited-q3-fy22-earnings-conference-call-summary\/","url_meta":{"origin":154984,"position":5},"title":"Newgen Software Technologies Limited Q3 FY22 Earnings Conference Call Summary","author":"Praveen","date":"January 19, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=lMWFAFWJzS0 Key highlights from Newgen Software Technologies Limited (NEWGEN) Q3 FY22 Earnings Concall Management Update: NEWGEN commented that it saw acceleration in business from existing customers and healthy operating margins. The company\u2019s subscription revenue continues to be the strongest component, seeing 20% growth YoY. Q&A Highlights: Analyst Dipesh Mehta asked\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/154984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=154984"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/154984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/154818"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=154984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=154984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=154984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}