Newgen Software eyes sustained 20% growth; US to drive future expansion

Newgen Software expects to maintain its long-term growth momentum of around 20% annually, with the United States emerging as a key growth driver over the next few years.

“We have constantly grown at 20% for many years, starting from 2013,” Chief Executive Officer, Virender Jeet said. “There is no reason why we should not be able to maintain that.” He added that while there were some deal delays last year, the business still met its annual growth target.

In the fiscal year 2023-24 (FY24), the company grew 20% year-on-year (YoY). However, quarter…