Newgen Software Technologies Limited has informed the Exchange about receiving of Material Order of Rs. 14.47 Cr.
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Newgen Software Technologies (UK) Limited, a wholly owned subsidiary, has executed a Statement of Work with an overseas customer in the United Kingdom. The order is for software licenses, cloud services, and implementation services using Newgen's Enterprise Content Management platform. The total contract value is GBP £1,125,608, equivalent to Rs. 14.47 Crores. The project has a duration of 3.5 years. The customer name is withheld due to confidentiality reasons. The company has confirmed this is not a related party transaction.
This international order in foreign currency (GBP) demonstrates Newgen's ability to win overseas enterprise deals, which could be positive for investor sentiment. The order size of Rs. 14.47 Crores represents meaningful revenue visibility over the 3.5-year contract period.