Newgen Software Tech Q3 Results Review - Well Poised To Grow In Current Macro: IDBI Capital
Newgen aspires to grow higher than 20% beyond FY23E and have guided Ebitda margin of 22-23% and net margin of 17-18%.
BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Newgen Software Technologies Ltd. reported healthy set of Q3 FY23 numbers. The company’s Q3 and Q4 are stronger than H1. Hence, we expect the robust momentum to continue, we expect revenue to grow 21% YoY in Q4 FY23E and 22% in FY23E.
Further, Newgen aspires to grow higher than 20% beyond FY23E and have guided Ebitda margin of 22-23% and net margin of 17-18%.
The company expects bulk of revenue growth to be driven by Middle East, India and Asia Pacific. However, considering the macro uncertainty we have conservatively build revenue growth of 18% and profit after tax growth of 16% over FY22-25E.
We believe Newgen is well poised to gain from higher penetration in mature market, global system integrator partnership and addition of new logos (via direct sales).
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.