Newgen Software Q1 FY27 Revenue Rs 357 Cr (+11% YoY), PAT Rs 63 Cr (+26% YoY)
Newgen Software reported Q1 FY27 revenue of ₹357 crore, up 11% YoY. Profit After Tax (PAT) increased by 26% YoY to ₹63 crore. SaaS and License Subscription revenues grew 40% YoY to ₹60 crore. The company added 10 new enterprise customers and secured strategic wins in banking and insurance.
The reported results show healthy growth and strategic wins, indicating positive business momentum. The impact is medium as it reflects quarterly performance and ongoing business development rather than a transformative event.
The company reported strong year-on-year growth in both revenue and profit after tax, along with significant growth in SaaS and subscription revenues. Strategic customer wins and positive industry recognitions further contribute to the positive sentiment.
Newgen Software Technologies Ltd. announced its financial results for the first quarter ended June 30, 2026. The company reported a revenue of ₹357 crore, an increase of 11% year-on-year, and a Profit After Tax (PAT) of ₹63 crore, up 26% year-on-year. The company's annuity revenue streams, including ATS/AMC, support, and cloud/SaaS and Subscription license, stood at ₹254 crore. Subscription revenues grew by 21% year-on-year to ₹146 crore, with the SaaS component seeing a 40% year-on-year growth.
Commenting on the performance, Mr. Diwakar Nigam, Chairman & Managing Director, highlighted the resilient execution, the strength of the annuity revenue model, and global customer demand. He emphasized Newgen's focus on helping organizations Orchestrate Intelligent Enterprises at scale with AI-enabled solutions.
Mr. Virender Jeet, Chief Executive Officer, noted a healthy start to FY'27 with strong revenue and PAT growth. He also pointed out that SaaS and License Subscription revenues grew by 40% year-on-year to ₹60 crore. During the quarter, Newgen added 10 new enterprise customers across banking, insurance, and enterprise content management sectors.
Key business highlights include broad-based geographic growth, with revenues in the Americas up 27% year-on-year, APAC up 12%, and EMEA up 10%. The company secured several strategic customer wins, including a Core Insurance Platform transformation project in Kuwait valued at approximately ₹26.7 crore, a Retail Loan Origination Solution deployment in the Philippines valued at approximately ₹16.2 crore, an order from Annapurna Finance Private Limited in India for an AI-enabled Loan Origination and Collections System valued at ₹15.6 crore, and an engagement with a UK enterprise for its Enterprise Content Management platform valued at approximately ₹14.5 crore. Newgen was also recognized in multiple Forrester Wave™ and Landscape reports for Accounts Payable Invoice Automation, Adaptive Process Orchestration, and AppGen and Low-Code Platforms.
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