Newgen Software Technologies Limited CC-Sep23.pdf · 2023-10-17
Thank you for the opportunity and congratulations on good set of numbers. My first question is on implementation revenue, which has grown strongly both on Y-o-Y and Q-o- Q basis. So, is it th at the strong license revenue in last quarter has led to more implementation work in this quarter and like what is the sustainability of this growth, a nd secondly on margins? Has strong implementation revenue like translated to lower employee expenses as a percentage of revenue and thus led to strong EBITDA margin improvement on a Y-o-Y basis, and my third question is on revenue guidance. So, after strong performance in H1 with 30% plus growth, it seems like for the full year we can grow around that 30% range. So, would you like to increase your guidance from current 20 % to 25% to 30% growth for FY2024? My fourth question is around the pricing structure on the deal, the 68 Crores deal, which you have announced. So, is it license based deal where like license and implementation revenue will get recognized in the few initial years, maybe two years and then you will have support and services revenue for the rest of the year? These are my questions.
Yes. I just had one last question. Thank you for answering the first four. My last question is on can you provide some details regarding how the partnership with Coforge is progressing and like how many new logos or deals you have won so far through this partnership.