Newgen Software Technologies Q2 FY25 results (Jul–Sep 2024) and concall

Newgen Software reported a strong Q2 FY25 with revenue growing 23% YoY to INR361 crores and PAT increasing 47% YoY to INR70 crores, driven by robust license sales (up 52% YoY) and strong performance in APAC (53% YoY growth). While emerging markets like APAC, EMEA, and India showed significant traction, the US market grew at a more muted 17% YoY, and annuity revenue growth slowed to 14% YoY due to longer execution cycles for large deals and a shift in US strategy. The company is actively investing in new verticals like insurance and government, aiming for them to collectively contribute around