Smallcap stock locked at 5% upper circuit to hit 52-week high on Q3FY24 results
11 months, 1 week ago

Smallcap stock locked at 5% upper circuit to hit 52-week high on Q3FY24 results

Live Mint  

Newgen Software Share Price: Shares of IT software firm Newgen Software Technologies Ltd were locked at over five per cent upper circuit to hit its fresh 52-week high mark of ₹898.60 on the BSE, after announcing its October-December quarter results for fiscal 2023-24 earlier today. Newgen Software Technologies' net profit rose 44 per cent in the December quarter at ₹68.3 crore, compared to ₹47.3 crore in the year-ago period. The software company's revenue from operations in the third quarter of current fiscal stood at ₹324 crore, registering a growth of 27 per cent, compared to ₹255 crore in the corresponding period last year. Newgen Software Share Price Today On Tuesday, shares of Newgen Software opened at ₹875 and surged over five per cent to to hit its new 52-week high mark of ₹898.60 against a previous close of ₹855.85 apiece on the BSE.

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History of this topic

Newgen Software Tech closes higher by 11% on impressive Q2 results; net profit up nearly 60%
1 year, 2 months ago

Newgen Software Tech closes higher by 11% on impressive Q2 results; net profit up nearly 60%

Live Mint  

Newgen Software Technologies, a small-cap IT stock, finished Tuesday's session strongly with a gain of 11.37% at ₹1,041.40. For Q2 FY24, the company reported a 59% surge in its consolidated net profit to ₹48 crore, up from ₹30 crore recorded in the corresponding quarter of the last fiscal. The consolidated revenue from operations reached 293 crore compared to ₹226 crore …

Newgen Q1 Results: PAT rises by 57% to ₹30.2 crore; revenue jumps by 34%
1 year, 5 months ago

Newgen Q1 Results: PAT rises by 57% to ₹30.2 crore; revenue jumps by 34%

Live Mint  

Newgen Software Technologies released its Q1FY24 results on Wednesday. During the quarter ending June 2023, Newgen Software Technologies significant growth in subscription revenues which jumped to ₹88.6 crores, 24% higher than reported in the same quarter last year. In terms of license growth, Newgen Software Technologies reported a strong quarter as the revenue from the sale of products/licenses was at …

This Indian IT stock’s target price raised by Jefferies on strong Q3 beat
1 year, 11 months ago

This Indian IT stock’s target price raised by Jefferies on strong Q3 beat

Live Mint  

Newgen Software Technologies Ltd's Q3 were strong all-round beat as revenue, net profit were ahead of estimates, said global brokerage Jefferies. While US remains subdued, Newgen plans at stepping up on marketing/GSI network to improve growth prospects and remains confident of achieving 20-25%+ revenue growth longer term. Within this, SaaS revenues almost doubled YoY and Support revenues saw a strong …

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