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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹453 Cr
verified against source
Revenue YoY
6%
reported change
EBITDA
Pending
latest reported figure
Source
nse announcements
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Newgen Software reported FY26 revenue of ₹1,574 crore, up 6% YoY, with subscription revenue growing 24% to ₹525 crore and SaaS up 36%. PAT was ₹301 crore, impacted by ₹42 crore exceptional items; adjusted PAT was ₹334 crore (up 6% YoY). Annuity revenue reached 62% of total (up from 56% in FY25), improving visibility. US revenue grew 17% YoY, APAC 14%, while India and Middle East faced headwinds from delayed large deals and geopolitical uncertainty. Management highlighted a strong deal pipeline and order book growth of 13%, but refrained from giving FY27 guidance due to near-term uncertainty. Key risk: prolonged slowdown in large deal closures in India and Middle East could pressure license revenue.
Colored figures show movement against the previous available record.
Guidance to track
- Management declined to provide a growth number for FY27, citing uncertainty in Middle East and large deal closures. They expect to have better clarity after Q1 FY27.
- Management indicated net margins should remain around 21% in FY27, with potential expansion if growth accelerates.
- Despite a 6% headcount reduction, the company plans to add 300-400 campus hires in FY27.
- Management plans to take an aggressive target to reduce trade receivables in FY27.
Risks flagged
- Large deal closures continue to be delayed due to geopolitical uncertainty and cautious customer decision-making, impacting license revenue.
- Analyst raised concern about clients asking for price pass-through from AI efficiencies; management estimated 2-3% impact on ~40% of revenue streams.
- Conflict in Middle East caused serious impact on deal closures and collections in Q4; further deterioration could affect Q1 and Q2 FY27.
- Industry shift towards agentic AI and token-based pricing could pressure traditional license and subscription pricing models.
Key quotes
- We are still not very sure about how Middle East is going to behave in the first quarter and second quarter.
- We had a very high license jerky revenue base... Some of that has been already rationalized.
- We are looking at AI as an opportunity to accelerate growth.
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