Newgen Software Technologies (UK) Limited, a wholly owned subsidiary of the Newgen Software Technologies Limited ( the Company ) incorporated in the UK, has executed a Master Service Agreement with a customer for Newgen Software licenses, AWS Managed Cloud Services and Implementation services for the Customer.
NEWGEN · price
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Awaiting price reaction for this filing.
Newgen Software Technologies' wholly owned UK subsidiary has entered into a Master Service Agreement with a customer to provide Newgen Software licenses, AWS Managed Cloud Services, and implementation services. The company has not disclosed the financial value of the contract or the identity of the customer. Since the agreement is executed through the UK-based subsidiary, the revenue is likely to be booked in a hard currency (GBP). This adds to Newgen's international order book, which has been a key growth area for the company.
Positive for the stock in the long term as it signals continued international demand for Newgen's platform, though the lack of disclosed deal value limits immediate excitement.