Newgen Concall Q2, 2024 :
- Management has said that H2 will be better than H1.
- The company is hiring more freshers at a size of 700 or more
- Attrition rate is far lower
- Doing well in both BFSI & GSI segment
- Management has ambition to grow EBITDA more than 20% and PAT more than by 18% from the given trend
- Got new wins from domestic market, one being India’s largest bank
Need to be mindful of employee cost and revenue stream from subscription, long term contracts.
So far no changes to contracts/subscription.
Will share updates when I get transcript – so far all looks good, will continue to ride it…
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