Block 9

Newgen Software plans Rs450 crore IPO

Indian IT firm Newgen Software Technologies is planning to raise funds through a preliminary public offering (IPO), which it expects to launch this month. “We are financially doing very well and registering proper growth year-on-year. The IPO is especially to offer a go-out or monetization opportunity to some of our existing traders who have been…

Software is eating the world – and Nutanix’s hardware revenues

Analysis Nutanix wishes are seen as a horny software program and no longer a hardware appliance biz caught with crap commodity hardware margins. So, it’s far converting its commercial enterprise mode to position itself as a software-targeted agency. Senior Wells Fargo analyst Aaron Rakers stated the hyper-converged company “currently sells hardware and software products with…

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