Newgen Software Q4 Review - Strengthening Partnerships Remains The Key Catalyst: ICICI Securities
Online account opening software developed by Newgen Software Technologies Ltd. (Source: Company website).

Newgen Software Q4 Review - Strengthening Partnerships Remains The Key Catalyst: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

With better momentum in key markets such as USA (now the largest geography), Newgen Software Technologies Ltd. plans to expand further in mature markets by deepening its relationship with global system integrators.

With 40 plus deals under consideration and a potential Yr1 revenue of Rs 1.4 billion, pipeline remains healthy.

The company continues to invest aggressively across research and development, support and maintenance and senior leadership personnel with these expenses aggregating to ~25% of revenues in FY21.

However, we believe mid-teen growth for FY22E is contingent upon business situation improving in India and healthy deal conversions in H1 FY22E.

Click on the attachment to read the full report:

ICICI Securities Newgen Software Q4FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.