Newgen Software secures contract from Caribbean insurance firm

Newgen Software Technologies Ltd secured a $1.495 million contract through its US subsidiary for implementing its NewgenONE platform for a Caribbean insurance firm over three years. The company reported 5% year-on-year revenue growth in Q3FY26, while net profit declined 29 percent year-on-year. It maintains a 3-year sales and profit CAGR of 24 percent.