Newgen Software is looking at 30 per cent rise in revenues to $ 52 million this fiscal with greater focus on cloud computing.
NEW DELHI: Newgen Software is looking at 30 per cent rise in revenues to $ 52 million this fiscal with greater focus on cloud computing technologies for enterprise solutions and aggressive thrust in the US market.
The Delhi-based firm, which provides software solutions for Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) among others, had posted revenues of USD 40 million in the 2012-13 fiscal.
"We are looking at revenues to the tune of USD 52 million this fiscal. To achieve this target, we will focus on leveraging cloud technologies ECM, BPM, CCM solutions," Newgen Software Technologies MD Diwakar Nigam told PTI.
In the past two years, the firm has expanded American operations and its sales revenue percentage from the US has doubled, said Nigam, who is also one of the founder-members of the IT-ITeS industry body Nasscom.
Geography-wise, the company's major revenue earner is India and Asia Pacific (APAC) followed by Europe, Middle East & Africa and the US.
"We see this growth in the US to continue for the next 3 years. Going forward, we are planning to further expand our reach in North America, with particular focus on healthcare, shared service centres, government apart from BFSI," he said.
Newgen has also signed about 90 new partners, across respective geographies or verticals, in 28 countries.
"We plan to further expand the network of partners for specific verticals and geographies to over 50 in the next 5 years," Nigam said.
Expanding relationships with existing partners where dedicated teams have been established for implementing and supporting offerings, the firm plans to grow these teams by 20 per cent annually for next 3 years, he added.
To add values to its service offerings, the company is also investing in its research and development activities.
"With a continuous focus on innovation, about 12-15 per cent of our revenues are spent on R&D. We have recently launched our Intelligent Business Process Management Suite -iBPS," Nigam said.
That apart, the firm has invested in R&D for social media adaptors to enable context sensitive campaigns, among others, he added.
The Delhi-based firm, which provides software solutions for Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) among others, had posted revenues of USD 40 million in the 2012-13 fiscal.
"We are looking at revenues to the tune of USD 52 million this fiscal. To achieve this target, we will focus on leveraging cloud technologies ECM, BPM, CCM solutions," Newgen Software Technologies MD Diwakar Nigam told PTI.
In the past two years, the firm has expanded American operations and its sales revenue percentage from the US has doubled, said Nigam, who is also one of the founder-members of the IT-ITeS industry body Nasscom.
Geography-wise, the company's major revenue earner is India and Asia Pacific (APAC) followed by Europe, Middle East & Africa and the US.
"We see this growth in the US to continue for the next 3 years. Going forward, we are planning to further expand our reach in North America, with particular focus on healthcare, shared service centres, government apart from BFSI," he said.
Newgen has also signed about 90 new partners, across respective geographies or verticals, in 28 countries.
"We plan to further expand the network of partners for specific verticals and geographies to over 50 in the next 5 years," Nigam said.
Expanding relationships with existing partners where dedicated teams have been established for implementing and supporting offerings, the firm plans to grow these teams by 20 per cent annually for next 3 years, he added.
To add values to its service offerings, the company is also investing in its research and development activities.
"With a continuous focus on innovation, about 12-15 per cent of our revenues are spent on R&D. We have recently launched our Intelligent Business Process Management Suite -iBPS," Nigam said.
That apart, the firm has invested in R&D for social media adaptors to enable context sensitive campaigns, among others, he added.
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