Newgen Software Mgmt: See Large Deals In Healthcare & Insurance
CNBC-TV18 · 26 Oct 2026 · 7 min
Management interview of Newgen Software Technologies Ltd (NEWGEN), with 5 key numbers discussed.
- Tarun Nandwani, CEO, Newgen Software
Newgen Software reported 8% revenue growth in H1, supported by 30-35% booking growth in subscription revenue. For the full year, the company expects revenue growth in the teens, driven by an acceleration in H2. Management targets net margins of 20-22%, reinvesting excess margins into new AI-led product offerings across banking, healthcare, and insurance. Slippages in license revenue due to retendering in India and APAC are expected to close in H2. Middle East operations remain stable across Saudi Arabia, Qatar, and the UAE.