Newgen Software Limited revenue from operations (consolidated) witnessed strong sequential growth reaching Rs200cr in Q4FY21 compared to Rs185.5cr in Q3FY21 (up 7.8% qoq, 4.8% yoy). Subscription revenues (ATS/AMC and cloud) were at Rs52.3cr, witnessing strong growth of 10.5% yoy. Annuity revenue streams (ATS/AMC, support, and cloud/SaaS) were at Rs101.8cr. Revenue from the sale of products/license were at Rs47.0cr, up 65% yoy. Implementation & digitization revenues were at Rs51.2cr.
EBIDTA up by 28% yoy at Rs66.3cr compared to Rs51.9cr in Q4FY20. Profit after tax up by 27% yoy at Rs52.7cr from Rs41.5cr in Q4FY20.
For FY21, Revenue from operations (consolidated) at Rs672.6cr as compared to Rs660.8cr in FY20, up 1.8% yoy. Subscription revenues (ATS/AMC and cloud) were at Rs200.2cr, up 19% yoy; increasing share of cloud business. Total annuity revenue streams (ATS/AMC, support, and cloud/SaaS) at Rs387.1cr, contributing 57% to revenues. Revenue from sale of products/license were at Rs130.5cr, up 11% yoy. Implementation & digitization revenues were at Rs155.0cr.
EBIDTA for FY21, up by 83% yoy at Rs191.9cr compared to Rs104.6cr in FY20. Profit after tax up by 74% yoy at Rs126.5cr from Rs72.7cr in FY20, driven by cost rationalisations. Net cash generated from operating activities at Rs215.7cr for FY’21, compared to Rs90.1cr for FY20.
“In these Covid times, we ensured uninterrupted, superior services to our customers, while working remotely. During the pandemic, our prime focus remained on the safety and wellbeing of our employees, and the community at large. We have had setbacks, but I appreciate the spirit of the Newgen Family, which stood by each other in these difficult times.
In FY21, we continued to witness business momentum with expanded customer engagements and addition of 67 new logos under our umbrella. We are on our path to transformation from new license revenues to more stable subscription revenues and are witnessing a continuous increase in this segment. US region is now our largest revenue contributor recording a growth of 16% this year, with significant customers on cloud.
"We have been constantly investing in our product portfolio, building industry accelerators on the low code platform and delivering several enhancements to support remote implementations. In our focused pursuit of target growth markets, we continue to build our Global System Integrator ecosystem and expand our direct sales structures," Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd., said.
Newgen Software Technologies Ltd trade on Tuesday ended at Rs367.85 per piece down by Rs12.6 or 3.31% from its previous closing of Rs380.45 per piece on the BSE.