Newgen Software reports strong Q2 FY'26 growth, driven by revenue and expansion

Newgen Software Technologies Limited reported a strong Q2 FY'26, with revenues reaching INR401 crores, an 11% year-over-year (Y-o-Y) increase. Subscription revenues saw a notable 20% Y-o-Y growth, totaling INR126 crores. The company added 15 new customer logos during the quarter, with the U.S. and APAC regions experiencing strong growth of 22% each. India and EMEA regions grew by 7% and 3% respectively.

Profit after tax for the quarter was INR82 crores, with net margins at 20.4%. The company generated robust cash flow from operating activities, amounting to INR90 crores over the six-month period. Newgen invested 9% of its revenues in R&D and approximately 21% in sales and marketing initiatives, focusing on AI-driven product innovation.

Key contract wins included a £3 million project in the U.K., a €4.2 million deal in Europe, a $5.6 million contract in Ghana, and a $1.6 million deal in the Americas. Newgen also secured a $2.6 million agreement with a U.S. healthcare company and an INR21.24 crores deal from an Indian general insurance company. The company remains focused on accelerating growth through increased deal velocity and market expansion.