International Software & Cloud Services Agreement

Newgen UK Subsidiary Secures ₹14.47 Crore Enterprise Content Management Deal

NSE

newgen

BSE

540900

Newgen Software Technologies’ UK subsidiary executed a Statement of Work (SOW) with a UK-based customer for software licenses, cloud services, and implementation services with an aggregate contract value of approximately ₹14.47 crore.

PRICE-SENSITIVE TRIGGER

Event: Execution of international enterprise software services contract

Type: International Software & Cloud Services Agreement

Impact: Positive

Immediate Effect: The deal strengthens Newgen’s international enterprise content management business and enhances recurring cloud and implementation revenue visibility

Key Metrics:

Contract Value: GBP £1,125,608
Converted INR Value: Approximately ₹14.47 Crore
Contract Duration: 3.5 Years
Geography: United Kingdom
Service Scope: Software Licenses, Cloud Services & Implementation
Business Segment: Enterprise Content Management (ECM)

Highlight:

Contract executed through Newgen’s UK subsidiary.
Engagement includes cloud, implementation, and migration services.
Multi-year agreement strengthens international recurring revenue visibility.
Expands Newgen’s enterprise content management footprint in UK market.

What Happened ?

Newgen Software Technologies Limited informed the exchanges that its wholly-owned UK subsidiary executed a Statement of Work (SOW) with a customer based in the United Kingdom.

The agreement covers deployment of Newgen’s Enterprise Content Management platform along with software licenses, cloud services, implementation support, and migration services. The total contract value stands at GBP £1.13 million, equivalent to approximately ₹14.47 crore.

The engagement will be executed over a period of 3.5 years.

key highlights

Contract Service & Scope:

Customer located in the United Kingdom.
Customer identity withheld due to confidentiality reasons.
Contract executed by Newgen Software Technologies (UK) Limited.
Agreement structured as Statement of Work (SOW).
Includes software licenses and cloud-based services.
Implementation and migration support included in project scope.
Engagement based on Newgen Enterprise Content Management platform.
Contract duration fixed at 3.5 years.
Transaction does not involve promoter group interest.
Agreement classified as international business contract.

Note:

Multi-year cloud and enterprise software agreements generally improve recurring revenue visibility and strengthen long-term customer engagement.

Risk Analysis

Key Risks

Revenue recognition depends on project execution milestones.
International technology budgets may fluctuate with macroeconomic conditions.
Long-duration software contracts require ongoing delivery performance.
Currency fluctuations may impact realized revenue value.

Worst Case Scenario

Project delays, customer budget reductions, or implementation challenges could impact expected revenue realization from the contract.

Risk Level: Medium

Company Commentary

UK subsidiary executed SOW with overseas customer.
Agreement covers software licenses, cloud services, and implementation.
Contract value stands at GBP £1.13 million.
Engagement tenure fixed at 3.5 years.
Customer details withheld due to confidentiality obligations.

Official Exchange Filing: Newgen Software Technologies Limited