Business EconomyPosted at: May 4 2022 11:16AM

Newgen Software posts 30 pc YoY growth in net profit

New Delhi, May 4 (UNI) Newgen Software Technologies Ltd on Wednesday reported 30 per cent YoY growth in net profit at Rs 164 crore for the financial year 2022.

The company's total income during the same period was Rs 809 crore, up 18 per cent.

The revenue witnessed 16 per cent growth at Rs 779 crore while subscription revenue was up 23 per cent YoY at Rs 246 crore.

Commenting on the results, Diwakar Nigam, Chairman and Managing Director, Newgen Software Technologies Ltd said, “FY’22was a transition year for us in many aspects, as we complete 30 years of our global enterprise product journey. We were back on the growth track witnessing16% YoY revenue growth during the year.We have been able to achieve a smooth transition from license to cloud and subscription revenues, which are more long term and multi-year in nature, along with accomplishing growth.''

“We start FY’23, with new vigour and a new branding, driven by our rich and differentiated platform, lasting relationships with customers, strong team and a robust demand environment. We continue to invest on our products, employee training, and on strengthening our partner ecosystem for gaining momentum in newer, bigger markets,” said Virender Jeet, CEO, Newgen Software.
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RITES collaborates with DVC for rail infra works

25 Apr 2024 | 1:05 PM

Mumbai, April 25 (UNI) RITES Ltd., a prime transport infrastructure consultancy on Thursday said that it has signed an MoU with Damodar Valley Corporation (DVC), a statutory body under the Ministry of Power, to collaborate for Project Management Consultancy for rail infra works.

JioCinema to redefine subscription market with launch of Premium Plans

25 Apr 2024 | 12:42 PM

Mumbai, April 25 (UNI) JioCinema, the video streaming platform of Reliance Industries, has rolled out new subscription plans, JioCinema Premium, which will include ad-free content across languages, including original series, movies, children's shows, and TV entertainment on any device, including connected TV sets, for Rs 29 a month.

Newgen Software posts 30 pc YoY growth in net profit

RITES collaborates with DVC for rail infra works

JioCinema to redefine subscription market with launch of Premium Plans

Rupee falls 6 paise against USD

Sensex up 78 points

USD, Pound, Euro up ; Yen down

PULIVENDULA,(Andhra Pradesh), APR 25 (UNI):- YSRCP chief and Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy addressing a public meeting before filing his nomination for Pulivendula Assembly seat in Pulivendula on Thursday.UNI PHOTO-26U

PULIVENDULA,(Andhra Pradesh), APR 25 (UNI):- YSRCP chief and Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy addressing a public meeting before filing his nomination for Pulivendula Assembly seat in Pulivendula on Thursday.UNI PHOTO-25U

NOIDA, APR 25 (UNI):- Electronic Voting Machines (EVMs) and other material at a distribution centre on the eve of the second phase of General Elections, in Gautam Budh Nagar Uttar Pradesh on Thursday. UNI PHOTO-PSB4U

NOIDA, APR 25 (UNI):- Electronic Voting Machines (EVMs) and other material at a distribution centre on the eve of the second phase of General Elections, in Gautam Budh Nagar Uttar Pradesh on Thursday. UNI PHOTO-PSB3U

NOIDA, APR 25 (UNI):- Electronic Voting Machines (EVMs) and other material at a distribution centre on the eve of the second phase of General Elections, in Gautam Budh Nagar Uttar Pradesh on Thursday. UNI PHOTO-PSB2U

NOIDA, APR 25 (UNI):- Electronic Voting Machines (EVMs) and other material at a distribution centre on the eve of the second phase of General Elections, in Gautam Budh Nagar Uttar Pradesh on Thursday. UNI PHOTO-PSB1U

PULIVENDULA, APR 25 (UNI) : YSRCP chief and Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy filed his nomination for Pulivendula Assembly seat at the Returning Office in Pulivendula YSR Secretariat complex on Thursday.UNI PHOTO-24U

KARIMNAGAR, APR 25 (UNI):- Telangana BJP President G Kishan Reddy, Gujarat Chief Minister Bhupender Patel on their way to file nomination papers of BJP parliamentary candidate for Karimnagar seat Bandi Sanjay Kumar in a procession, in Karimnagar on Thursday.UNI PHOTO-23U

KARIMNAGAR, APR 25 (UNI):- Telangana BJP President G Kishan Reddy, Gujarat Chief Minister Bhupender Patel on their way to file nomination papers of BJP parliamentary candidate for Karimnagar seat Bandi Sanjay Kumar in a procession, in Karimnagar on Thursday.UNI PHOTO-22U

KARIMNAGAR, APR 25 (UNI):- Telangana BJP President G Kishan Reddy, Gujarat Chief Minister Bhupender Patel on their way to file nomination papers of BJP parliamentary candidate for Karimnagar seat Bandi Sanjay Kumar in a procession, in Karimnagar on Thursday.UNI PHOTO-21U

SALAHUDIN (IRAQ), April 25, 2024 (UNI/Xinhua) -- Iraqi warplanes perform during a celebration marking the 93rd anniversary of the establishment of Iraqi Air Force in Salahudin Province, Iraq, on April 24, 2024. UNI PHOTO-6F

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BERGAMO, April 25, 2024 (UNI/Xinhua) -- Atalanta's Ederson (R) vies for a header with Fiorentina's Nicolas Gonzalez during the Italian Cup semifinal 2nd leg soccer match between Atalanta and Fiorentina in Bergamo, Italy, April. 24, 2024. UNI PHOTO-4F

THIRUVANANTHAPURAM, APR 25 (UNI):-Polling officials carrying the Electronic Voting Machine (EVMs) for the 2nd Phase General Elections 2024 at the Distribution Center at St.Mary's Higher Secondary School, Pattom, Thiruvananthapuram on Thursday.UNI PHOTO-20U

THIRUVANANTHAPURAM, APR 25 (UNI):- Polling officials carrying the Electronic Voting Machine (EVMs) for the 2nd Phase General Elections 2024 at the Distribution Center in St.Mary’s Higher Secondary School, Pattom, Thiruvananthapuram on Thursday.UNI PHOTO-19U

BANGALORE, APR 25 (UNI):-The Electronic Voting Machines (EVMs) for use in the 2nd Phase of the General Elections 2024 at the distribution center BBMP PU College, in Chamrajpet, Bangalore, on Thursday.UNI PHOTO-18U

BANGALORE, APR 25 (UNI):- The Electronic Voting Machines (EVMs) for use in the 2nd Phase of the General Elections 2024 at the distribution center BBMP PU College, in Chamrajpet, Bangalore, on Thursday.UNI PHOTO-17U

BANGALORE, APR 25 (UNI):-The Electronic Voting Machines (EVMs) for use in the 2nd Phase of the General Elections 2024 at the distribution center BBMP PU College, in Chamrajpet, Bangalore, on Thursday.UNI PHOTO-16U