Correspondent (Delhi) The management of Newgen Software Technologies Ltd. announced results for the Quarter ended 30 Sep 2018 [Q2 FY’19] at its Board Meeting held on 29 October 2018.
Key Financial Highlights (Q2 FY’19) – [YoY Comparison]
- Total Income (Consolidated) up by 29% YoY to reach Rs 155.48 croresin Q2 FY’19 compared to Rs 120.96 crores in Q2 FY’18. Revenue from operations (Consolidated) witnessed strong growth momentum and was up by 26% YoY to reach Rs 149.66 crores as compared to Rs 118.66 crores in Q2 FY’18 driven by license revenue growth of 57% YoY
o Revenue from Sale of Products/ License were at Rs 57.6 crores
o Annuity Revenue streams (ATS/AMC and Support) were at Rs 65.8 crores
o Cloud/SaaS continues to be our fastest growing revenue component. Cloud/ SaaS revenues were at Rs 5.7 crores
o Implementation & Digitization revenues were at Rs 20.5 crores
- EBIDTA (adjusted for other income) was at Rs 20.84 crores up by 139% compared to Rs 8.71 crores in Q2 FY’18.
- Profit after tax was at Rs 17.77 crores up by 183% compared to Rs 6.27 crores in Q2 FY’18.
- Basic Earnings per shares was at Rs 2.62 in Q2 FY’19 compared to 1.00 in Q2 FY’18.