Newgen Software slides after Q1 PAT drops 67% QoQ

20 Jul 2022 , 01:22 PM

On year on year (YoY) basis, the companys consolidated net profit declined 11.25% while revenue from operations rose 17.77%. Profit before tax stood at Rs 22.95 crore in Q1 June 2022, sliding 65.28% quarter on quarter (QoQ) and declining 19.82% YoY. Total expenses rose 2.7% QoQ and increased 23.73% YoY to Rs 175.08 crore in Q1 FY23. Employee benefits expense was Rs 116.18 crore in Q1 June 2022, up 4.46% QoQ and down 24.6% YoY. Newgen Software Technologies is a global software company and is engaged in the business of software product development including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging. Newgen provides a complete range of software that helps automate business processes. Powered by Capital Market – Live News