Key Financial Highlights (Q2 FY27 vs Q2 FY26)

Revenue Performance:

  • Consolidated revenue from operations: ₹422 crores (vs ₹401 crores in Q2 FY26), representing 5% YoY growth
  • Annuity revenue streams (ATS/AMC, support, cloud/SaaS and subscription license): ₹268 crores, showing 15% YoY growth
  • Subscription revenues: ₹150 crores, with 18% YoY growth
  • SaaS component within subscription: ₹63 crores, with 36% YoY growth

Profitability Metrics:

  • Profit after tax: ₹87 crores, growing 6% YoY
  • PAT margin: 20.6%
  • Employee costs as percentage of revenue: 45% (improved from 47% in Q2 FY26)

Business and Operational Highlights

Geographic Performance:

  • EMEA region: 19.4% YoY growth
  • Americas region: 17.1% YoY growth

Customer Acquisition:

  • Added 9 enterprise customers during Q2 FY27
  • Added 10 AI-based deal bookings in H1 FY27 across Banking and Financial Services and Government sectors

Product Development:

  • Released NewgenONE AI Studio: Agent Studio 1.0 in September 2026
  • Released NewgenONE AI Studio: Agent Flow 2.0.2 in September 2026

Recognition:

  • Received award for "Excellence in Low-Code & AI-Led Enterprise Innovation" at ET Business Excellence and Leadership Summit 2026

Strategic Customer Wins

  • Executed agreement with US health insurance company for NewgenONE Complaints, Appeals and Grievances Solution: $5.5 million value for 3 years
  • Working with Qatar government body for International Regulatory Reporting and Compliance Platform Solution: $1.8 million value
  • Upgradation of Commercial Loan & Retail Loan Origination System for leading EMEA bank: ₹11.4 crore booking value
  • Providing Loan Management Solution to leading Indian life insurance company

Credit Rating Update

  • CRISIL maintained the company's A1 rating for short-term debt instruments and facilities

Management Commentary

Mr. T.S. Varadarajan, Co-Founder and Executive Vice Chairman, highlighted healthy revenue growth, resilient margins, and stronger recurring-revenue mix. The company emphasized its 34 years of experience serving regulated industries and focus on governed AI platform with industry-specific AI solutions. Newgen remains committed to investing in NewgenONE and advancing AI-led orchestration capabilities.