Page 7 - நியூஜென் மென்பொருள் தொழில்நுட்பங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Newgen Software Technologies consolidated net profit rises 27 15% in the March 2021 quarter
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Newgen Software Technologies standalone net profit rises 34 37% in the March 2021 quarter
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Another bullish day may lift Nifty above 15,300
May 25, 2021
Declining Covid cases, positive global cues to boost sentiment
Positive global cues coupled with declining Covid-19 cases will likely keep the bull momentum going for the Indian markets on Tuesday as well. However, according to analysts, markets will see heightened volatility due to expiry of May month derivative contracts on the NSE on Thursday. According to them, the current trend in F&O suggests better rollover of long positions.
The SGX Nifty futures is currently ruling at 15,333 (8 am IST) and indicates at least a 100-point gap-up opening for Nifty. The Nifty May and June futures on Monday closed at 15,202.65 and 15,230.95 respectively.
Newgen Software Technologies Limited board recommends final dividend of Rs 3 5
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On a consolidated basis, Newgen Software Technologies reported 48.9% jump in net profit to Rs 52.73 crore on 7.8% rise in revenue from operations to Rs 200 crore in Q4 FY21 over Q3 FY21.
Subscription revenues (ATS/AMC and cloud) were at Rs 52.3 crores, up 2.1% quarter-on-quarter (QoQ). Annuity revenue streams (ATS/AMC, support, and cloud/SaaS) were at Rs 101.8 crore in Q4 FY21 as against Rs 100.5 crore in Q3 FY21.
Revenue from sale of products/license were at Rs 47.0 crores, up 29.1% QoQ. Implementation & digitization revenues were at Rs 51.2 crores, up 5.3% QoQ.
EBIDTA declined 3.6% to Rs 66.30 crore in Q4 FY21 from Rs 68.80 crore in Q3 FY21.