India's Newgen Software Tech gains on Q3 profit jump

Newgen Software Technologies

20/01/2025 08:17

** 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)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))