Newgen Software ends lower after Q1 PAT falls nearly 41% YoY to Rs 62 crore
Mumbai, July 16 -- Profit before tax in Q1 FY27 stood at Rs 82.12 crore, down by 43.8% from Rs 146.12 crore in Q4 FY26.
As compared with Q1 FY26, the company's revenue and net profit are higher by 11.2% and 26.3%, respectively.
Annuity revenue streams (ATS/AMC, support, and cloud/SaaS and Subscription license) were Rs 254 crore in Q1 FY27, up 14% YoY. Subscription revenues added up to Rs 146 crore, witnessing a growth of 21% YoY.
In geographic terms, the company recorded broad-based growth, which was led by the Americas, where revenues grew 27% YoY. Further, APAC revenue grew by 12% YoY while EMEA revenues increased by 10% YoY.
Virender Jeet, chief executive officer, Newgen Software Technologies, said: "During the quarter, we added 10...
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