Enclosed transcript of conference call Q4 FY"26

Newgen reported FY'26 revenue of INR1,574 crores (6% Y-o-Y growth) with Q4 revenue at INR457 crores (5.3% Y-o-Y). The business mix improved structurally with annuity revenues now at 62% of total (vs 56% in FY'25), driven by 24% Y-o-Y growth in subscription revenues and 36% growth in SaaS. US geography delivered strong 17% full-year growth while India and EMEA faced headwinds from large deal delays and geopolitical uncertainty (Middle East conflict impacted Q4 EMEA performance). Adjusted PAT was INR334 crores (excluding INR42 crores exceptional items) with healthy 21.3% net margins. Order book grew ~13% Y-o-Y. Management indicated they will wait another quarter before providing FY'27 guidance as they assess market conditions, noting large deal momentum has slowed across geographies. Headcount was reduced ~6% Y-o-Y via AI-driven efficiency gains. Deferred revenue increased from INR220 crores to ~INR300 crores, improving revenue visibility into FY'27.