The aggregate value of the aforesaid purchase order is $9,90,000 plus applicable taxes. The time period within which the aforementioned contract has to be executed is three years.

Newgen is an information technology (IT) product company, which provides solutions in enterprise content management, business process management and customer communications management platforms. These platforms help clients digitise and manage content and document flow process. The major customers of the company are organisations belonging to sectors such as banking, telecom and insurance.

The company had recorded 61.6% fall in consolidated net profit to Rs 302 crore on a 17.5% fall in revenue from operations to Rs 2,517 crore in Q1 FY24 as compared with Q4 FY22.