Latest News | Newgen Software Q3 Net Profit Grows Marginally to Rs 48.2 Crore
Get latest articles and stories on Latest News at LatestLY. IT company Newgen Software Technologies on Tuesday reported an almost flat growth in its consolidated profit after tax at Rs 48.2 crore in the third quarter ended December 31, 2022.
New Delhi, Jan 17 (PTI) IT company Newgen Software Technologies on Tuesday reported an almost flat growth in its consolidated profit after tax at Rs 48.2 crore in the third quarter ended December 31, 2022.
The company had posted a profit after tax (PAT) of Rs 47.8 crore in the same period a year ago.
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The consolidated revenue from opertaions of Newgen Software, however, grew about 26 per cent to Rs 254.91 crore during the reported quarter from Rs 202.5 crore in the December 2021 quarter.
"This is our first quarter with revenues exceeding Rs 250 crore. We witnessed a broad-based growth across all geographies, with overall third quarter revenue growth of 26 per cent year-over-year. India and EMEA geographies continued to be major growth drivers with revenue growth of 40 and 27 per cent respectively," Newgen Software Chairman and Managing Director Diwakar Nigam said in a statement.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)