Newgen Software Technologies Ltd

MESSAGE

As we present our Annual Report for FY 2024-2025, I am proud to reflect on a year of innovation, customer success and strategic growth at Newgen. The year was marked by healthy revenue growth, margin expansion and a growing recognition beyond borders. We continued to anchor our strategic priorities with our core mission of enabling organizations realise the full potential of digital technology to augment their business outcomes. Across every vertical, geography and offering, our teams operated with the intent of adding measurable value, be it through enriching customer experiences, operational excellence or delivering meaningful insights through intelligent automation.

FY 2024–25 witnessed healthy and broad-based financial performance. We reported consolidated revenues of H14,869 million, a 20% year-on-year growth. This performance was supported by robust license revenue growth of 41% and implementation services growth of 25%, showcasing sustained customer confidence in our platforms and delivery capabilities. These are expected to generate further downstream revenues moving forward. Our annuity revenues, comprising ATS/AMC, subscription-based licenses and support, stood at H8,337 million, which is 56% of our total revenues. These recurring streams reflect the engagement of our platform and the increasing scale of our long-term engagements.

We continue to broaden our presence across global markets. The Asia-Pacific region emerged as our fastest-growing geography with 59% YoY revenue growth, driven by large government and BFSI orders. India and EMEA continued to serve as crucial pillars, contributing significantly to our revenues. The US business is gaining strategic momentum and witnessed strong growth of 20% YoY in revenues. We have seen some early success with deal wins, especially in the insurance sector, during the last quarter of the year in this region. We expect these early wins to open the door to broader regional adoption.

We are also enhancing our global delivery capability and brand presence by expanding our partner ecosystem, working closely with system integrators, consultants, regional experts and independent software vendors to further scale our reach and impact. Our diversified presence shields us from geographic risks and strategically positions us to capitalize on digital transformation mandates across a broad spectrum of markets.

At Newgen, focus on client success continues to be our guiding priority. Our approach is rooted in delivering end-to-end transformation, not just functional automation. We continue to nurture long-term relationships that evolve from single-use cases to multi-platform engagements across business units.

The year witnessed the addition of 62 new logos and a notable augmentation in the number of high-value clients. We have 87 customers now with billing of over H50 million in FY 2024-25, up from 65 of the previous fiscal year. This rise in high value clients reflects deeper trust, heightened platform adoption and our ability to support the ambitions of our esteemed clientele.

Innovation continues to be the bedrock of Newgen's strategic vision. In FY 2024-25, we implemented significant steps in our AI-first roadmap. Building on our vision of intelligent digital transformation, we embedded advanced AI including Generative AI, Machine Learning and Large Language Models into the NewgenONE platform, in order to execute advanced automation, data-driven decision-making and personalised experiences.

We launched a suite of proprietary AI agents: p LumYn, a growth intelligence agent for predictive analytics and early warning systems. p Harper, a conversion intelligence agent for customer engagement and sales acceleration. p Marvin, a productivity agent that enhances efficiency across application development, process orchestration and content workflows.

More than mere advancements, these innovations mark a shift in our ability to anticipate customer requirements and design next-generation cutting-edge digital experiences.

At Newgen, our employees continue to be the foundation of everything we achieve. With a global workforce of 4,600 professionals, our diverse team truly embodies our values of innovation, ownership and excellence.

We are committed to nurturing talent, leadership capabilities and a culture of collaboration within our organization. During the year, we welcomed seasoned professionals across delivery, engineering and go-to-market roles to bolster our execution capabilities. The honor of being named a Great Place to Work further validates our belief that organizations succeed when its people feel valued and empowered.

Our belief at Newgen is centered on scaling responsibly. We hold the view that technology must serve a higher purpose, one that extends beyond efficiency. We believe in its utilization to create equity, access and opportunities for all. Our CSR initiatives remain focused on education, digital literacy and community development. During the fiscal year, we were honored with the CSR and Sustainability Award 2025 in the Education category for our sustained dedication towards creating holistic and measurable impact.

The world is undergoing a digital transformation and we look at it as a significant opportunity. Across sectors, organizations are redesigning their systems, services and strategies for a connected and AI-powered future. Newgen is prepared to lead this transformation by building intelligent platforms, forging deeper relationships and creating lasting value for all stakeholders.

As we step into FY 2025-26, our focus will be on strengthening our product leadership, widening our market presence and enhancing our customer value proposition. I am confident that with our people, partners and purpose driving us forward, we are well positioned to embark on the next phase of our growth. I would like to take this opportunity to express my gratitude to our customers, employees, investors and partners for your sustained trust and confidence in us. The journey ahead is exciting and I look forward to all that we will achieve together. Warm regards,

Chairman and Managing Director