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#NewgenSoftware Technologies Q3 Concall Thread 🧵💻

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@NeilBahal
Newgen Q3 FY 22 Thread -

Updates-
1. Revenue for the quarter 209cr Up by 9% YoY / 9M revenue is 548cr 16% YoY
2. Annuity Revenue in Q3- 112cr up by 11% YoY
3. SaaS revenues stands at 14.2cr down by 15% QoQ / Up by 23% 9M
4. SaaS revenues muted due to term readjustment of a larger contract.
5. Product licence revenue is up by 37% in Q3
6. Subscription Revenue to be the strongest growing at 20% YoY

Strategy of the company remain the same that is to Land & Expand

Business Updates-
1. Added 17 new logos in the quarter
2. Received pre orders from new and existing clients from around the globe in banking,
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