NEWGEN - Symmetrical triangle Breakout -Daily
Name - NEWGEN
Pattern - Symmetrical triangle Breakout
Timeframe - Daily
Volume - Good volume
Cmp - 1191
Can test - 1337
SL - 1090
Always welcome for any comments with your feedback or give it a like if you find it useful.
Here’s a summary of Newgen Software Technologies Ltd’s Q1 FY25 results:
Financial Highlights
Revenue: Newgen reported a revenue of INR 315 crore, marking a 25% increase year-over-year (YoY) from INR 252 crore in Q1 FY24.
Net Profit: The net profit for the quarter stood at INR 48 crore, up by 58% YoY compared to INR 30 crore in the same period last year.
Revenue Breakdown
Annuity Revenue Streams: INR 201 crore from ATS/AMC, support, and cloud/SaaS and subscription licenses.
Product/License Sales: INR 45 crore.
Implementation and Others: INR 68 crore.
Operational Highlights
New Customer Additions: 13 new customer logos were added during the quarter1.
New Product Launch: Introduction of Newgen LumYn, a Gen AI-powered hyper-personalization platform designed specifically for the banking sector.
Recognition
Gartner Recognition: Newgen was recognized in the Gartner Market Guide for State and Local Government Grant Management Solutions1.
Newgen’s strong performance in Q1 reflects robust revenue growth and significant profitability improvements, driven by new customer acquisitions and innovative product launches.
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Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
Pattern - Symmetrical triangle Breakout
Timeframe - Daily
Volume - Good volume
Cmp - 1191
Can test - 1337
SL - 1090
Always welcome for any comments with your feedback or give it a like if you find it useful.
Here’s a summary of Newgen Software Technologies Ltd’s Q1 FY25 results:
Financial Highlights
Revenue: Newgen reported a revenue of INR 315 crore, marking a 25% increase year-over-year (YoY) from INR 252 crore in Q1 FY24.
Net Profit: The net profit for the quarter stood at INR 48 crore, up by 58% YoY compared to INR 30 crore in the same period last year.
Revenue Breakdown
Annuity Revenue Streams: INR 201 crore from ATS/AMC, support, and cloud/SaaS and subscription licenses.
Product/License Sales: INR 45 crore.
Implementation and Others: INR 68 crore.
Operational Highlights
New Customer Additions: 13 new customer logos were added during the quarter1.
New Product Launch: Introduction of Newgen LumYn, a Gen AI-powered hyper-personalization platform designed specifically for the banking sector.
Recognition
Gartner Recognition: Newgen was recognized in the Gartner Market Guide for State and Local Government Grant Management Solutions1.
Newgen’s strong performance in Q1 reflects robust revenue growth and significant profitability improvements, driven by new customer acquisitions and innovative product launches.
==========================================================================
Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
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