This is to inform you that Newgen Software Technologies (UK) Limited, a wholly owned subsidiary of the Newgen Software Technologies Limited ( the Company ) incorporated in the UK, has executed an Agreement with a customer for software license, implementation and maintenance services. The aggregate value of the aforesaid agreement is £ 2,985,484 (UK Pounds Two Million Nine Hundred Eighty Five Thousand Four Hundred Eighty Four).
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Newgen Software Technologies' wholly owned UK subsidiary has signed an agreement with a customer for software license, implementation, and maintenance services. The total contract value is £2,985,484 (around ₹31 crore at current exchange rates). The customer's identity has not been disclosed. This is a multi-year or multi-phase deal covering licensing, implementation, and ongoing maintenance, suggesting a sizeable new customer engagement in the UK market.
Adds to the company's order book from international markets and brings in hard-currency revenue (GBP), which is generally positive for margins. Watch for disclosure of the customer name and contract duration to gauge the deal's longer-term revenue contribution.