4 May 2022 , 09:17 AM
Cloud and Subscription revenues have witnessed a robust growth of 23% YoY. We have large cloud and subscription order booking leading to more assured revenues in future years. We are seeing increasing adoption of subscription/cloud across geographies with large orders in India, EMEA, APAC as well as Australia.”
“We start FY’23, with new vigor 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 trainings, and on strengthening our partner ecosystem for gaining momentum in newer, bigger markets.” said Virender Jeet, CEO, Newgen Software.
At around 9:17 AM, Newgen Software Technologies was trading at Rs487 per piece higher by 6.29% on the BSE.
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