NEWGEN Q2 FY27 Guidance vs Delivery (NEWGEN Management Mirror)

H1 FY27 Revenue Closes at ~8% YoY Against Double-Digit FY27 Target Reaffirmed in Jun'26 Qtr

Sep'26 Qtr reported consolidated revenue of INR 42,224 lakh (up 5.4% YoY) and H1 FY27 revenue of INR 779 crores (approximately 7.7% to 8% YoY growth), with Q2 subscription revenue surpassing license revenue and annuity streams growing 15% YoY. This performance tracks against management's initial FY27 expectation from the Mar'26 Qtr, where they aimed for better than single-digit growth but withheld specific guidance, followed by the Jun'26 Qtr concall where they set a double-digit revenue growth target for FY27. Management reaffirmed this target of double-digit revenue growth for the full year FY27 in the Sep'26 Qtr concall, anticipating growth acceleration in H2 supported by subscription revenues from large SaaS deals closed in H1, a strong license pipeline, regional deal closures, and a normalized base from H2 FY26. Over the medium to long term, management remains confident in returning to a 20% revenue CAGR.