NEWGEN

Feb 1 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• GETS PURCHASE ORDER VALUED AT 129.2 MILLION RUPEES

Source text: ID:nBSE6BhNbH

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Jan 23 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• UNIT RECEIVED PURCHASE ORDERS WORTH $3 MILLION

Source text: ID:nNSE8WdgXg

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** Shares of Newgen Software Technologies NEWG.NS fall 16.6% to 1,304 rupees, set for their worst day since October 2019

** Stock extends losses after 1% drop on Monday when reported Q3 rev growth at a nearly 3-year low

** Jefferies downgrades IT firm by two notches to "underperform" from "buy" after rev missed brokerage's estimates by 6%

** Says slowing annuity rev growth, which forms more than 55% of overall revenue, is a worry

** Adds current valuations not "favourable" and cuts PT to 1,240 rupees from 1,500 rupees

** Avg recommendation of three analysts tracking stock slumps to "sell" from "buy" after Jefferies' revision - LSEG

** More than 2 mln shares traded, 3.7x the 30-day avg volume

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Newgen Software Technologies NEWG.NS rise 4.7% to 1,665 rupees

** The software co said Q3 consol net profit rose 30% to 890 mln rupees ($10.3 mln); rev from ops up ~18%

** Profit rose on strong demand across core India and Europe, Middle East and Africa markets

** Stock surged more than two-fold in 2024

($1 = 86.5130 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Jan 9 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• NEWGEN SOFTWARE TECHNOLOGIES - EXECUTES AGREEMENT WITH USA HEALTHCARE CLIENT

• NEWGEN SOFTWARE TECHNOLOGIES LTD - AGREEMENT VALUED AT $ 2,576,284 FOR INITIAL THREE YEARS

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Dec 31 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• NEWGEN SOFTWARE TECHNOLOGIES LTD - RECEIVES PURCHASE ORDER

• NEWGEN SOFTWARE TECHNOLOGIES LTD - PURCHASE ORDER VALUED AT 209 MILLION RUPEES

Source text: ID:nBSE4LNpYH

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Dec 27 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• NEWGEN SOFTWARE TECHNOLOGIES LTD - SUBSIDIARY RECEIVES ENGAGEMENT LETTER FOR DIGITAL LENDING PLATFORM

• NEWGEN SOFTWARE TECHNOLOGIES LTD - AGGREGATE COMMERCIAL VALUE OF USD 2 MILLION

Source text: ID:nBSE2vPTw0

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Dec 24 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• NEWGEN SOFTWARE TECHNOLOGIES LTD - RECEIVES PURCHASE ORDER WORTH $2.3 MILLION

Source text: ID:nBSE3hlcnV

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** Newgen Software Technologies NEWG.NS rises 3% to 1,349 rupees; extends gain to fourth straight session

** Jefferies maintains "buy" and Street-high PT of 1,500 rupees, citing confidence in software firm's growth prospects

** Expects NEWG's earnings per share to grow 25% CAGR in FY25-27

** Says co's recent RBI contract "may drive deals from other Indian banks"

** Among four brokerages tracking stock, only Jefferies has "buy" rating - LSEG

** Stock up ~38% YTD

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Newgen Software Technologies NEWG.NS rise as much as 4.8% to 1184 rupees

** The software co receives a purchase order worth 324.5 mln rupees ($3.8 mln) from the Reserve Bank of India for implementation and maintenance of the Regulatory Application Management System

** Stock set to snap three straight weekly losses

** Stock trading above its 200-day SMA since Jan 2023, indicating bullish sentiment

** NEWG stock up 3.9%, extending YTD gains to ~50%

($1 = 84.4910 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Sept 30 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• GOT LOI WORTH 169.2 MILLION RUPEES

Source text for Eikon: ID:nBSE4kvccs

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** Shares of Newgen Software Technologies NEWG.NS up 2.1% to 1362 rupees

** Software co received order worth upto 250 mln rupees ($2.99 mln)

** Stock eyes gains for a third week straight

** Set to clock its biggest monthly gain since Nov 2023

** Including session's gains stock had risen 74% YTD

($1 = 83.6200 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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Sept 26 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• GETS ORDER WORTH 250 MILLION RUPEES

Source text for Eikon: ID:nBSEbQ28k0

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July 18 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• NEWGEN SOFTWARE TECHNOLOGIES JUNE-QUARTER CONSOL NET PROFIT 475.7 MILLION RUPEES

• NEWGEN SOFTWARE TECHNOLOGIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.15 BILLION RUPEES

Source text for Eikon: ID:nNSE7Cq3Jw

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June 28 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• NEWGEN SOFTWARE TECHNOLOGIES LTD - RECEIVED PURCHASE ORDERS WORTH 130 MILLION RUPEES

Source text for Eikon: ID:nNSE5CPkbR

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** Shares of Newgen Software Technologies NEWG.NS rise as much as 10.7% to a record high of 959 rupees

** Co reports 31.7% Y/Y rise in March-qtr consolidated net profit; while rev from ops up 23%

** NEWG also recommends final dividend of 4 rupees per share

** Stock on track for seventh consecutive session of gain if trends hold

** More than 1.6 mln shares change hands by 1:10 p.m. IST, 6.8x the 30-day avg; busiest day yet since March 15

** Including session's gains, stock up 22.4% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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March 8 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• RANSOMWARE INCIDENT THAT HAS AFFECTED A FEW OF OUR IT ASSETS, WHICH HAVE BEEN ISOLATED

• AS PRECAUTIONARY MEASURE, SOME OF IT SERVICES WERE SUSPENDED TEMPORARILY, BEING RESTORED SUBSEQUENTLY

• NOT IMPACTED OUR CLOUD SERVICES OR ANY CRITICAL DATA

• FURTHER DETAILED INVESTIGATION IS UNDERWAY

Source text for Eikon: ID:nBSEbPNHKn

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Jan 16 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• INDIA'S NEWGEN SOFTWARE TECHNOLOGIES DEC-QUARTER CONSOL NET PROFIT 683.5 MILLION RUPEES VERSUS PROFIT 473.1 MILLION RUPEES

• NEWGEN SOFTWARE TECHNOLOGIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.24 BILLION RUPEES VERSUS 2.55 BILLION RUPEES

Source text for Eikon: ID:nBSE2C3PDc

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** Brokerage Jefferies raises PT for Newgen Software Technologies NEWG.NS to 1,740 rupees from 1,275 rupees on strong growth prospects

** Says trade finance product has significant scope for scale-up after launch last year

** Note flags co prioritising growth over margins may limit core margin expansion, expects FY24-26 margins to remain in 22% range

** Stock up 1.9% as of 3:26 p.m. IST, taking YTD gains to ~300%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Newgen Software Technologies NEWG.NS rise nearly 5% to 1280.85 rupees, marking their sharpest intraday gain in over a week

** Co recommends the issue of bonus shares in a proportion of 1:1

** Stock trading well above its 50-, 100- and 200- day moving averages

** Stock up ~272% YTD

(Reporting by Yagnoseni Das in Bengaluru)

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Nov 27 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• RECOMMENDED ISSUE OF BONUS SHARES IN PROPORTION OF 1:1

Source text for Eikon: ID:nBSE91HZd3

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Oct 17 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• SEPT-QUARTER CONSOL NET PROFIT 477.9 MILLION RUPEES VERSUS 300 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.93 BILLION RUPEES VERSUS 2.26 BILLION RUPEES

Source text for Eikon: ID:nBSE6YLBqR

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Oct 12 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• GOT PURCHASE ORDER WORTH 680.9 MILLION RUPEES

Source text for Eikon: ID:nBSE3kJ3TG

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Sept 29 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• EXECUTED AGREEMENT WORTH ABOUT 291 MILLION RUPEES

Source text for Eikon: ID:nNSE5dKHWB

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** Shares of Newgen Software Technologies NEWG.NS up as much as 9.27% to a record high of 999.95 rupees

** Stock's sharpest intraday pct gain since July 20; on track for second consecutive session of gains

** Software co receives international purchase order worth $990,000

** About 799,785 shares change hands as of 1:57 p.m. IST, 1.1x 30-day average

** Stock up more than 150% so far this year as of last close

(Reporting by Manvi Pant in Bengaluru)

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Aug 4 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• ENTERED INTO ENGAGEMENT WITH A GLOBAL MANAGEMENT CONSULTING FIRM FOR 86.6 MILLION RUPEES

Source text for Eikon: ID:nBSE6ntCcY

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July 19 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• JUNE-QUARTER CONSOL NET PROFIT 301.5 MILLION RUPEES VERSUS PROFIT 191.8 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.52 BILLION RUPEES VERSUS 1.88 BILLION RUPEES

Source text for Eikon: ID:nNSE7tTkd5

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May 2 (Reuters) - Newgen Software Technologies Ltd NEWG.NS:

• MARCH-QUARTER CONSOL NET PROFIT 786.1 MILLION RUPEES VERSUS PROFIT 574.1 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.05 BILLION RUPEES VERSUS 2.31 BILLION RUPEES

Source text for Eikon: ID:nBSE8NGVNC

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