NEWGEN

Newgen Software Technologies Limited CIN: L72200DL1992PLC049074 Regd. Office: A-6, Satsang Vihar Marg, Qutab Institutional Area, New Delhi - 110 067, INDIA Email: corpmktg@newgensoft.com URL: https://newgensoft.com Tel.: (+91)-11-4077 0100, (+91)-11-2696 3571, 2696 4733, Fax: (+91)-11-2685 6936 Date: 18th January 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra- Kurla Complex Mumbai – 400001 Bandra (E), Mumbai – 400051 Ref.: Newgen Software Technologies Limited Ref.: Newgen Software Technologies Limited (NEWGEN/INE619B01017) (NEWGEN/INE619B01017) Scrip Code – 540900 Sub.: Investor Presentation and Press Release on Unaudited Financial Results for the 3rd Quarter ended 31st December 2021 Dear Sir/ Ma'am, Pursuant to the above-mentioned subject, we are hereby enclosing the following: 1) Investor Presentation; and 2) Press Release on Unaudited Financial Results. This is for your kind information and record. Thanking you. For Newgen Software Technologies Limited Aman Mourya Company Secretary Encl.: a/a Newgen Software Technologies Ltd. Investor Presentation – Q3 FY’22 Unlock Simple Jan 2022 Newgen – A Snapshot (FY’21) Founded in 1992 104% cloud revenue Rs 673 cr revenues Public since 2018 in FY’21 CAGR since FY 2017 ~550 active customers 31% Revenue Strong partnership across 72 countries from Americas with leading GSIs 17 verticals with 44 patents filed, Consistently recognized 5 Core Verticals 22 patent grants by Gartner and Forrester Data as of 31 March 2021, except the patent grants which is till date Financial Highlights – (FY’21) RReessiilliieenntt aanndd pprrooffiittaabbllee bbuussiinneessss wwiitthh hhiigghhllyy vviissiibbllee ssuubbssccrriippttiioonn rreevveennuueess NewgenONE Digital Transformation Platform NewgenONE Digital Transformation Platform CCoonntteexxttuuaall LLooww CCooddee OOmmnniicchhaannnneell CCoonntteenntt SSeerrvviicceess PPrroocceessss AAuuttoommaattiioonn CCuussttoommeerr CCoommmmuunniiccaattiioonn ((EECCMM)) OOmmnniiDDooccss ((BBPPMM)) iiBBPPSS ((CCCCMM)) OOmmnniiOOMMSS DeMMlivaaennraa cggoeen tcceooxmmtuppalleel xxc obbnuutsseiinnneet ssfsso riinn sffmoorrammrtaaettrii oonn DDiiggiittiizzee eenndd--ttoo--eenndd ccuussttoommeerr aanndd DDeelliivveerr ppeerrssoonnaalliizzeedd ccoommmmuunniiccaattiioonnss decaainnsiddo nee xxmttrraaakccittn iignn ttaeenlllldiigg ieemnnptt riionnvssiieggdhh ttss eemmppllooyyeeee jjoouurrnneeyyss wwiitthh llooww ccooddee aaccrroossss cchhaannnneellss aatt ssccaallee collaboration TThhee NNeewwggeennOONNEE ppllaattffoorrmm ccoommeess ttooggeetthheerr ttoo aaddddrreessss tthhee nneeeedd ooff oorrggaanniizzaattiioonnss ttoo iinntteelllliiggeennttllyy aauuttoommaattee wwhhiillee hhaannddlliinngg ddooccuummeennttss aanndd mmaannaaggiinngg ccuussttoommeerr ccoommmmuunniiccaattiioonnss A Comprehensive Platform Personalized Contextual Engagement Communication Sentiment Multichannel Analysis Interactions Process Content and Content RPA Workflows Records Collaboration AI/ML-driven Dynamic Case Content Content Analytics Management Intelligence Discovery IInntteeggrraattiioonn EEccoossyysstteemm aanndd CClloouudd IInnffrraassttrruuccttuurree NewgenONE Enables Enterprises to Develop Complex Biz Applications Customer Campaign Mgmt. Risk Account Payable Lead Management Project & ROI Onboarding & Marketing Workbench Contract Account Management Loan/Credit Lead Collections Management Receivables Data Quality Origination Management e-Invoicing Vendor/Supplier Management e-Statementing Peer-to-peer Portal Risk Customer Vendor lending Workbench Trade Finance Portal/App Ecosystem Centralized CTS Service Mgmt. Expense HR Process & Unified Financial Needs Banking Enterprise Management Records Mgmt Customer View Analysis FATCA/CRS Campaign Tech & Project Management & Relationship SRM & Dispute Ops Mktg. Management Collections Manager Resolution Workbench Cockpit Product Config FNOL & Claims Unified Quotation, Proposal e-Gov Office Electronic Document and Processing Customer View & Illustration Automation Records Management SRM & Dispute Ops Workbench Customer Resolution Onboarding Unified Customer Government Social and Mobile Customer View Advisor/Agent Case Management Governance Portal/App Onboarding Insurance Government Campaign Mgmt. & Marketing Citizen Centric Policy Product Config Services Underwriting Lead Quote 2 Bind Management Workbench NewgenONE Contextual Content Services (ECM) Digitize Workplace with Contextual Automation, Compliance, and Intelligence – On Cloud GGaarrttnneerr AA VViissiioonnaarryy iinn tthhee 22002211 MMaaggiicc QQuuaaddrraanntt ffoorr CCoonntteenntt SSeerrvviicceess PPllaattffoorrmmss** CCaassee SSttuuddyy DDiiggiittaall ttrraannssffoorrmmaattiioonn ooff IInnddiiaa’’ss lleeaaddiinngg iinnssuurraannccee ccoommppaannyy wwiitthh oovveerr 225500mmnn ccuussttoommeerrss.. IImmpplleemmeennttaattiioonn iinncclluuddeedd aarrcchhiivvaall ooff ~~550000mmnn ppoolliiccyy ddoocckkeettss aanndd aauuttoommaattiioonn ooff pprroocceesssseess aaccrroossss 22000000 bbrraanncchheess,, 111133 ddiivviissiioonnaall ooffffiicceess,, 88 zzoonnaall ooffffiicceess,, aanndd ccoorrppoorraattee ooffffiiccee.. *GartnerMagicQuadrantforContentServicesPlatforms,MichaelWoodbridge,MarkoSillanpaa,LaneSeverson,TimNelms,October18,2021 Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements offact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. NewgenONE Low Code Process Automation (BPM) Rapid Application Development for Deep & Complex Business Applications across Devices GGaarrttnneerr AA NNiicchhee PPllaayyeerr iinn 22002211 GGaarrttnneerr MMaaggiicc QQuuaaddrraanntt ffoorr EEnntteerrpprriissee LLooww--CCooddee AApppplliiccaattiioonn PPllaattffoorrmmss** CCaassee SSttuuddyy OOnnee ooff tthhee llaarrggeesstt bbaannkkss iinn tthhee UUSS wwiitthh aarroouunndd 224400 bbrraanncchh ooffffiicceess iimmpplleemmeenntteedd NNeewwggeenn''ss ccoommmmeerrcciiaall llooaann oorriiggiinnaattiioonn ssoolluuttiioonn ttoo ssttrreeaammlliinnee oovveerraallll lleennddiinngg pprroocceessss.. TThhee bbaannkk ddiiggiittiizzeedd iittss lleennddiinngg ccyyccllee aanndd aauuttoommaatteedd iittss ooppeerraattiioonnss,, eennaabblliinngg qquuiicckk aanndd hhaassssllee--ffrreeee sshhiifftt ttoo rreemmoottee wwoorrkkiinngg.. *Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, Jason Wong, KimihikoIijima, Adrian Leow, Akash Jain, Paul Vincent,20thSeptember 2021. Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. NewgenONE Omnichannel Customer Communication (CCM) Use Business Data and Manage the Communication Output – Personalized and at Scale CCaassee SSttuuddyy NNeewwggeenn CCCCMM SSoolluuttiioonn IImmpplleemmeennttaattiioonn ffoorr aa lleeaaddiinngg pprriivvaattee bbaannkk iinn IInnddiiaa.. TThhee bbaannkk cchhoossee tthhee NNeewwggeenn''ss CCCCMM ppllaattffoorrmm ttoo mmaakkee tthheeiirr ccuussttoommeerr ccoommmmuunniiccaattiioonn mmoorree ccuussttoommiizzeedd aanndd ppllaattffoorrmm aaggnnoossttiicc.. Innovative Product Suite With Continuing Focus On R&D  29 years of product DNA; 44 patents filings, 22 Granted RR&&DD IInnvveessttmmeennttss till date ((%% ooff rreevveennuueess))  Skilled R&D team of ~500 people with deep domain expertise 9.8% 9.5% 7.3% 7.2% 7.5%  Unified platform with modular deployment  Deep domain expertise - Intuitive applications and scalable performance FY'17 FY'18 FY'19 FY'20 FY'21  Cloud-ready architecture on AWS and Azure  Low Code Application Platform Our Go-to-market SSttrraatteeggyy AAccrroossss RReeggiioonnss aanndd VVeerrttiiccaallss iiss BBaasseedd oonn DDiirreecctt SSyysstteemm IInntteeggrraattoorrss--lleedd ggoo--ttoo--mmaarrkkeett TTaarrggeettiinngg PPrreesseennccee SSuuppppoorrtteedd bbyy PPaarrttnneerr EEccoossyysstteemm FFoorrttuunnee 22000000 EEnntteerrpprriisseess iinn MMaattuurree MMaarrkkeettss ~300 Employees in Sales & Marketing supported by a Increasing traction in the developed markets of US,   large network of 300+ channel partners Europe and APAC – with focus on sales through Global System Integrators (GSIs) Focus on Tier-1 customers in five core verticals in  India, APAC, and Middle East & Africa Region  Developed the internal GSI & enterprise team – Senior sales leader brought on board Focus on mid-market banks and credit unions in the  Aggressive investments in enhancing visibility and US region  brand awareness through various initiatives - digital Differentiated 'land and expand' model events, analyst and consultant engagements,  increased digital presence and outreach Sale of complete functionality with initial purchase,  facilitating seamless creation of new applications  Newgen products well-accepted by some of the largest GSIs and their customers. Strong pipeline in place  Strong Focus on Annuity and Subscription Revenues 206 567 169 572,1 686,1 200,2 27% (FY’16-21 CAGR) FY'16 FY'17 FY'18 FY'19 FY'20 FY'21 504,1 707,1 902,2 030,3 686,3 178,3 SSuubbssccrriippttiioonn RReevveennuueess ((IINNRR MMnn)) AAnnnnuuiittyy RReevveennuueess ((IINNRR MMnn)) 22% (FY’16-21 CAGR) FY'16 FY'17 FY'18 FY'19 FY'20 FY'21  AAnnnnuuiittyy rreevveennuuee ssttrreeaammss ccoonnssttaannttllyy iinnccrreeaassiinngg ffrroomm 4411%% iinn FFYY’’1166 ttoo 5577%% iinn FFYY’’2211  SSuuppppoorrtt rreevveennuueess iimmppaacctteedd dduuee ttoo tthhee sshhiifftt ffrroomm tthhee oonn--ssiittee mmooddeell  IInnccrreeaassiinngg aacccceeppttaabbiilliittyy ooff cclloouudd ddeeppllooyymmeennttss aaccrroossss ggeeooggrraapphhiieess (1) Subscription revenues comprise of ATS/AMC and Cloud revenue streams (2) Annuity Revenues comprise of ATS/AMC, Cloud and Support revenue streams Board of Directors Diwakar Nigam T.S. Varadarajan Priyadarshini Nigam Chairman and Whole Whole Managing Director Time Director Time Director Padmaja Krishnan Saurabh Srivastava Subramaniam Kaushik Dutta Independent Independent Ramnath Iyer Independent Director Director Independent Director Director Leadership Team Diwakar Nigam Virender Jeet Chairman and Managing Director Chief Executive Officer Tarun Nandwani Dr. S.J. Raj Chief Operating Officer Sr. VP –HRD Anand Raman Arvind Jha EVP & COO -Newgen Software Inc. Sr. VP –Product Rajvinder Singh Kohli Arun Kumar Gupta Sr. VP –Global GSI Sales Chief Financial Officer Leadership Team Hemant Makhija Sunil Pandita Vivek Bhatnagar R. Krishna Kumar Ashok Kapoor Dushyant Kumar VP –Marketing VP –Sales (India) VP –Sales (EMEA) VP –Sales (Australia) VP –Customer VP –GSI Experience Enablement ManojitMajumdar Vivek Mani Tripathi Pramod Kumar Anurag Kumar Shah Arpan Bansal Ashish Deshmukh VP –Channel Sales VP –HRD & VP –Sales (APAC) VP –Product & VP –Marketing VP –Sales Operations Solutions (Americas) (Govt. & GSI Initiatives) (Americas) Ritesh Varma Atin Kumar Nikhil Sawhney Prashant Sahai Shikha Bhatt Mukesh Bhatnagar VP –Product & VP –Delivery VP –Customer VP –Sales VP –Delivery VP –International Solutions (India, (Americas) Relations (EMEA, APAC) (Middle East) (India) Operations EMEA, APAC) Financial Summary (Consolidated) Q3FY’22 Q3FY’21 YoY Q2FY’22 QoQ 9M FY’22 9M FY’21 YoY Particulars (Unaudited) (Unaudited) Growth (Unaudited) Growth (Unaudited) (Unaudited) Growth Q3 FY’22 v/s Q3 FY’21  Revenue from operations witnessed a growth of 9% Q3 YoY and Profit after Tax witnessed a growth of 35% Q3 YoY  EBIDTA decreased on account of normalization of cost base compared to last year as well as increased remuneration to manage attrition 9M FY’22 v/s 9M FY’21  Revenue from operations witnessed a growth of 16% YoY and Profit after tax was up by 45% YoY euneveR )nM RNI( Revenue from 2,025 1,855 9.2% 1,855 9.2% 5,475 4,726 15.8% operations Other Income 72 35 105.7% 69 4.4% 248 105 136.7% Total Income 2,098 1,890 11.0% 1,924 9.0% 5,723 4,831 18.5% stiforP RNI( )nM EBITDA (adjusted 579 688 -15.9% 466 24.2% 1,272 1,255 1.4% for other income) Profit after tax 478 354 35.0% 374 27.9% 1,068 738 44.8% nigraM )%( EBITDA (adjusted 28.6% 37.1% 25.1% 23.2% 26.6% for other income) Profit after tax 22.8% 18.7% 19.4% 18.7% 15.3% SPE )RNI( Basic 6.89 5.12 34.5% 5.39 27.7% 15.40 10.67 44.3% Diluted 6.57 5.08 29.4% 5.33 23.3% 15.00 10.59 41.7% Strong Acceleration in Annuity and Subscription Revenues AAnnnnuuiittyy RReevveennuueess ((IINNRR MMnn)) SSuubbssccrriippttiioonn RReevveennuueess ((IINNRR MMnn)) SSaaaaSS RReevveennuueess ((IINNRR MMnn)) (INRm) (INRm) (INRm) (1) Subscription revenues comprise of ATS/AMC and Cloud revenue streams (2) Annuity Revenues comprise of ATS/AMC, Cloud and Support revenue streams 031 241 190 170 150 130 110 90 70 50 Q3 FY'21 Q3 FY'22 215 716 20% growth 9% growth YoY YoY 700 600 500 400 300 200 Q3 FY'21 Q3 FY'22 500,1 611,1 11% growth YoY 1,200 1,100 1,000 900 800 700 600 Q3 FY'21 Q3 FY'22 Diversification Across Verticals and Geographies QQ33 FFYY’’2222 RReevveennuuee SSpplliitt bbyy SSeeggmmeenntt QQ33 FFYY’’2222 RReevveennuuee SSpplliitt bbyy VVeerrttiiccaall QQ33 FFYY’’2222 RReevveennuuee SSpplliitt bbyy GGeeooggrraapphhyy Implementation & APAC (Ex-India) other services 15% Sale of Healthcare 20% Others Products 6% India 8% 25% 30% Insurance 7% BPO/IT 5% SaaS USA 7% 27% Banking Govt/ PSUs Support 63% 11% 25% ATS/AMC EMEA 23% 28% Business Highlights (Q3 FY’22) AAnnaallyyssttss RReeccooggnniittiioonnss PPaatteenntt GGrraanntt  Newgen has been CCuussttoommeerrss WWiinnss  Granted a patent for an recognized as Visionary invention entitled in the 2021 Gartner® NNeewwggeenn SSooffttwwaarree “Centralized Controlled Magic Quadrant™ for Printing and aaccqquuiirriinngg NNuummbbeerr TThheeoorryy  17 new logo wins on Content Service Administration” for 20 Platforms 1 years commencing from 4th Q3 FY’22 across  Newgen is acquiring India- January 2010 by the Indian geographies; 37 new based Number Theory, an  Newgen Software has Patent Office. logo wins over 9 AI/ML (artificial intelligence been positioned as months* and machine learning) data  Granted a patent for an a "Strong Performer" in science platform company, invention entitled The Forrester Wave™: subject to the completion “Integrated Capture and Digital Process of conditions as stated in Analysis of Documents” for the approved Share Automation Software, 20 years commencing from Purchase Agreement Q4 2021.2 14th January 2011 by the Indian Patent Office. 1. GartnerMagicQuadrantforContentServicesPlatforms,MichaelWoodbridge,MarkoSillanpaa,LaneSeverson,TimNelms,October18,2021 Disclaimer:Gartnerdoesnotendorseanyvendor,productorservicedepictedinitsresearchpublications,anddoesnotadvisetechnologyuserstoselectonlythosevendorswiththehighestratingsorotherdesignation.Gartnerresearchpublicationsconsistofthe opinionsofGartner’sresearchorganizationandshouldnotbeconstruedasstatementsoffact.Gartnerdisclaimsallwarranties,expressedorimplied,withrespecttothisresearch,includinganywarrantiesofmerchantabilityorfitnessforaparticularpurpose. GartnerandMagicQuadrantareregisteredtrademarksofGartner,Inc.and/oritsaffiliatesintheU.S.andinternationallyandisusedhereinwithpermission.Allrightsreserved.AuthoredbyRobKoplowitz 2. AuthoredbyRobKoplowitzwithChrisGardner,JohnBratincevic,StephenPowers,SaraSjoblom,KaraHartig,December14,2021 TheForresterWaveiscopyrightedbyForresterResearch,Inc.ForresterandForresterWavearetrademarksofForresterResearch,Inc.TheForresterWaveisagraphicalrepresentationofForrester'scallonamarketandisplottedusingadetailedspreadsheetwith exposedscores,weightings,andcomments.Forresterdoesnotendorseanyvendor,product,orservicedepictedintheForresterWave.Informationisbasedonbestavailableresources.Opinionsreflectjudgmentatthetimeandaresubjecttochange. * Including orders booked but not billed Key Orders  Cloud order for a captive premium financing arm in India of a leading global manufacturer of premium automobiles and motorcycles  Project for a diversified financial services company in the US providing a full range of commercial banking, consumer banking and wealth management solutions  Cloud order for a leading specialty finance provider in the UK and Ireland  Customer mining for additional license business from one of the world’s largest investment management companies managing $8.2tn in global assets  Order from an existing customer in Singapore, part of a leading international banking group with more than 150 years of banking history 59 09 Strengthening Balance Sheet DDeebbttoorr DDaayyss ((BBaasseedd oonn NNeett DDeebbttoorrss)) CCaasshh,, BBaannkk BBaallaannccee && IInnvveessttmmeennttss (INRm) 100 95 90 1,844 1.723 85 80 75 DEC 31, 2020 DEC 31, 2021 Debtor Days Net Trade Receivables (INR Mn) Note: The business is seasonal in nature with proportionately higher revenues and debtor days in the year end period (March) 454,3 397,4 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 DEC 31, 2020 DEC 31, 2021 ! New Delhi, IN Toronto, CA New Disclaimer Mississauga, Delhi Philippines London London, UK ON Mum Kolka bai This presentation may contain certain forward-looking ta statements concerning Newgen Software Technologies’ future business prospects and business profitability, which are subject to several risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth and new business opportunities, competition (both Tampa, FL Dub domestic and international), economic growth in India and ai New South the target countries for business, ability to attract and retain Dubai, AE McLean, VA Wales, AU highly skilled professionals, time and cost over runs on Singapore, SG projects, our ability to manage our international operations, government policies, interest and other fiscal costs generally prevailing in the economy and general economic conditions Global Offices HQ affecting the industry. Past performance may not be indicative of future performance. FFoorr aannyy iinnvveessttoorr qquueerriieess,, pplleeaassee ccoonnttaacctt:: The company does not undertake to make any DDeeeeppttii MMeehhrraa CChhuugghh announcement in case any of these forward-looking HHeeaadd ––IInnvveessttoorr RReellaattiioonnss statements become materially incorrect in future or update PPhhoonnee:: ++9911 11114466 553333 220000 any forward-looking statements made from time to time by MMaaiill :: ddeeeeppttii..cchhuugghh@@nneewwggeenn..ccoo..iinn wwwwww..nneewwggeennssoofftt..ccoomm or on behalf of the company. India Offices include Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Noida, New Delhi P&L Statement (All amounts in INR Mn, except per share data and unless Q3 FY’22 Q3 FY’21 Q2 FY’22 9M FY’22 9M FY’21 otherwise stated) Revenue Revenue from operations 2,025.1 1,855.1 1,855.0 5,475.4 4,726.4 Other income 72.5 35.2 69.5 247.8 104.7 Total revenue 2,097.6 1,890.4 1,924.4 5,723.2 4,831.1 Expenses Employee benefits 1,025.9 830.9 1,019.5 2,977.9 2,338.7 Finance costs 7.2 22.0 5.7 19.4 48.0 Depreciation and amortization 43.3 44.1 42.8 126.8 150.7 Other expenses 420.5 335.9 369.4 1,225.3 1,132.5 Total expenses 1,497.0 1,232.9 1,437.4 4,349.4 3,669.9 Profit before tax 600.6 657.5 487.0 1,373.8 1,161.2 Tax expenses Current tax / Tax expense for earlier years 111.5 203.2 26.7 239.3 392.0 Deferred tax (credit)/charge 11.0 100.1 86.3 66.3 31.7 Profit after tax for the year 478.1 354.2 373.9 1,068.1 737.5 3.0 7.5 -6.6 5.2 15.4 Other comprehensive income/(loss) for the year, net of income tax Total comprehensive income for the year 481.1 361.7 367.3 1,073.3 752.9 Earnings per equity share (face value of Rs. 10 per share) Basic earning per share 6.89 5.12 5.39 15.40 10.67 Diluted earning per share 6.57 5.08 5.33 15.00 10.59 Unlock Simple Your Trusted Digital Transformation Partner PRESS RELEASE Newgen Software Reports Total Income of Rs 210 cr in Q3 FY’22, up 11% YoY; Net Profit at Rs 48 cr, up 35% YoY Newgen acquiring Number Theory, an AI/ML data science platform company Ne w Delhi, India –January 18, 2022 The management of Newgen Software Technologies Ltd. announced results for the quarter ended 31 December 2021 at its Board Meeting held on 18 January 2022. Key Highlights - Q3 FY’22 v/s Q3 FY’21 Total Income Subscription Revenues Profit after Tax Rs 209.8 Cr Rs 61.7 Cr Rs 47.8 Cr (11% Q3 YoY growth) (20% Q3 YoY growth) (35% Q3 YoY growth) Speaking about the results, Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd., said – “Q3 has been on the path of continuous progression amidst ongoing uncertain environment. The quarter witnessed 20% YoY growth in subscription revenues however, several of these orders have long gestation leading to deferment of revenues. We continue to see major wins and expansion of business in our existing customers and added 17 new logos as well. Overall, in the first nine months of the year, we have clocked in revenues of Rs 548 crores and profit after tax of Rs 107 crores.” “Newgen is pleased to announce that it is acquiring India-based Number Theory, an AI/ML (artificial intelligence and machine learning) data science platform company, subject to the completion of conditions as stated in the approved Share Purchase Agreement. Number Theory’s platform, AI Studio, brings intuitive AI/ML to every enterprise, while unifying the entire lifecycle of data engineering, from data preparation to model development and monitoring. This acquisition will further strengthen Newgen’s low code digital transformation platform, NewgenONE, with AI/ML modeling and data analytics capabilities” said Virender Jeet, CEO, Newgen Software. Key Consolidated Financial Highlights (Q3 FY’22 v/s Q3 FY’21) Revenue from operations (consolidated) at Rs 202.5 crores as compared to Rs 185.5 crores in Q3 FY’21, up 9% YoY  Subscription revenues (ATS/AMC and SaaS) stood at Rs 61.7 crores, up 20% YoY, Annuity revenues (ATS/AMC, Support, and SaaS) were at Rs 111.6 crores, witnessing a growth of 11% YoY  Revenue from the sale of products/license was reported at Rs 49.8 crores, up 37% YoY  Implementation and digitization revenues were at Rs 41.2 crores EBIDTA stood at Rs 57.9 crores compared to Rs 68.8 crores in Q3 FY’21. EBIDTA decreased on account of normalization of cost base compared to last year as well as increased remuneration to manage attrition Profit after tax went up by 35% YoY at Rs 47.8 crores from Rs 35.4 crores in Q3 FY’21 Key Consolidated Financial Highlights (9M FY’22 v/s 9M FY’21) Revenue from operations (consolidated) at Rs 547.5 crores as compared to Rs 472.6 crores in 9M FY’21, up 16% YoY. Annuity revenues were at Rs 330.9 crores, witnessing a growth of 16% YoY. EBIDTA stable at Rs 127.2 crores compared to Rs 125.5 crores in 9M FY’21. Profit after tax up by 45% YoY at Rs 106.8 crores from Rs 73.7 crores in 9M FY’21. Key Operational/Business Highlights (Q3 FY’22) Key Analyst Recognitions: o Newgen Software has been positioned as a "Strong Performer" in The Forrester Wave™: Digital Process Automation Software, Q4 2021. As per the report, “Look to Newgen where the cross-section of content, process, and case management requires deep integration and applications are mission-critical.”1 o Newgen has been recognized as Visionary in the 2021 Gartner® Magic Quadrant™ for Content Service Platforms with integrated workflow capabilities, document assembly, and records management highlighted as strengths.2  Technology Innovation at the core - 22 Patents granted in India and US till date o Granted a patent for an invention entitled “Centralized Controlled Printing and Administration” for 20 years commencing from 4th January 2010 by the Indian Patent Office. This invention is for facilitating centrally managed and automated printing while safeguarding document confidentiality. o Granted a patent for an invention entitled “Integrated Capture and Analysis of Documents” for 20 years commencing from 14th January 2011 by the Indian Patent Office. This patent protects the invention to automatically capture the best quality document images using mobile or tablet devices with the help of real-time calibration of parameters, such as distance of capture, ideal resolution, etc.  New Logo wins: 17 new logo wins in Q3 FY’22 across geographies; 37 new logo wins over nine months.3  Grant of 12,11,500 Restricted Stock Units under Newgen Software Technologies Restricted Stock Units Scheme – 2021 to employees 1. Authored by Rob Koplowitz with Chris Gardner, John Bratincevic, Stephen Powers, Sara Sjoblom, Kara Hartig, December 14, 2021 The Forrester Wave is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave are trademarks of Forrester Research, Inc. The Forrester Wave is a graphical representation of Forrester's call on a market and is plotted using a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor, product, or service depicted in the Forrester Wave. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change. 2. Gartner Magic Quadrant for Content Services Platforms, Michael Woodbridge, Marko Sillanpaa, Lane Severson, Tim Nelms, October 18, 2021 Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. 3. Including orders booked but not billed About Newgen Unlock Simple Newgen Software Technologies Limited (listed In India on National Stock Exchange [Script code: NEWGEN] and BSE Ltd. [Script code: 540900]) is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen’s industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, from lending to underwriting, and for many more use cases across industries. Newgen unlocks simple, with speed and agility. Disclaimer This press release may contain certain forward looking statements concerning Newgen Software Technologies’ future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth and new business opportunities, competition (both domestic and international), economic growth in India and the target countries for business, ability to attract and retain highly skilled professionals, time and cost over runs on projects, our ability to manage our international operations, government policies, interest and other fiscal costs generally prevailing in the economy. Past performance may not be indicative of future performance. The company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the company. Media Contact: Investor Contact: Meenakshi Arora Deepti Mehra Chugh Meenakshi.arora@newgensoft.com deepti.chugh@newgen.co.in