“We will be able to sustain margins and number wise we will do better than last year,” said Diwakar Nigam, Chairman and MD of Newgen Software in an interview with CNBC-TV18. “We will get some amount of growth for the full year,” he added.

“All our existing customers have given higher level of business. The reason is obvious, in this COVID era everybody wants to work on a digital transformation and we provide digital transformation platform. Almost 80 percent of the banks in India are using us. I think there is a great potential for digital platforms where people can work from anywhere,” he said.

Going forward, he sees huge market potential in the western world. “There will be slight amount of increase in our marketing spend but the market is growing much bigger,” he said.