Indian Accounting Research Analyst, India Independent Insight

Nitin Mangal

Nitin is a SEBI registered Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai.  Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial news papers such as Wall Street Journal, Financial Times, Business Standard etc.

Indian Accounting Research Analyst

Newgen Software: Issues Not To Be Overlooked

Forensic Accounting

Newgen Software Technologies / Forensic Accounting

<p>Our previous update on <a href="https://www.smartkarma.com/entities/newgen-software-technologies" target="_blank" data-smartkarma-citation="entities:26704:1" rel="noopener">Newgen Software Technologies (NEWGEN IN)</a> highlighted concrete issues targeting at its revenue model in combination with the receivables. Moreover, Q4 seasonality coupled with unsustainable income further put a dirt on the financials. In this update, we realize that there have been no change in fortune of the company, as the old issues have not been vanished and few new issues have emerged in the new fiscal year.  </p>

Our previous update on Newgen Software Technologies (NEWGEN IN) highlighted concrete issues targeting at its revenue model in combination with the receivables. Moreover, Q4 seasonality coupled with unsustainable income further put a dirt on the financials. In this update, we realize that there have been no change in fortune of the company, as the old issues have not been vanished and few new issues have emerged in the new fiscal year.  

Newgen Software Technologies

Newgen Software: New Year, Same Script