Shares of Newgen Software Technologies were placed at Rs 1,298.45 each on the BSE. | Source: Company
Newgen Software Technologies on Tuesday reported a 47.19 percent year-on-year rise in consolidated net profit to Rs 70.33 crore in the September quarter.
It had posted a total profit of Rs 47.78 crore in the previous period.
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The revenue for the second quarter of the current financial year came in at Rs 361.15 crore, 23.16% higher than Rs 293.23 crore a year ago.
“All of our key markets performed well during the quarter with APAC seeing strong growth for two consecutive quarters now. While banking and financial services continue to be our core segments, we saw increased traction in the insurance segment and the government segment during the quarter,” Newgen. Software CEO Virender Jeet said.
The number of employees of the company at its Noida headquarters stands at around 4,400.
Shares of Newgen Software Technologies settled at Rs 1,298.45 apiece on the BSE on Tuesday, down 3.95 percent from the previous close.
(Only the headline and image for this report may have been reused by Business Standard staff; other content is automatically generated from the trade feed.)
First published: October 15 2024 | 7:36 PM IST
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