Newgen Technologies Ltd. (NTL) is a multimillion-dollar public limited company with over two decades of time-tested experience for clients across the globe. As a leading offshore software development company, headquarter

Newgen Technologies Ltd. (NTL) is a multimillion-dollar public limited company with over two decades of time-tested experience for clients across the globe. As a leading offshore software development company, headquartered at Hyderabad in India, NTL employs over 525 plus professionals across the globe. In the last year, NTL earned a reputation and niche for its services. For example, a super critical boiler in a thermal power plant takes 10-12 days to be fine-tuned or synchronized. It means system is shut for power generation and lead to loss of millions of dollars. NTL came up with a solution that cuts the time taken to synchronize a boiler from 10-12 days to 3-4 days through the use of software and services of IT professionals. The main strength of NTL is the IT professional they employed with it. It captured data through sensors on the boilers, use the algorithm built in house to check nearly 240 parameters and over 10,000 combinations to tune the boiler. It also helped a global heating, ventilation and air conditioning firm to bring down the time taken to design an AC solution in a building or office from 9 days to just 2 hours now. However, traditional outsourcing business of NTL is dying a slow death as clients cutting their budgets on such services and shifting their focus on newer areas such as digital and cloud. Three-fourth of the revenue of NTL is from traditional services. However, half of its revenue still comes from fixed price projects which allow it the flexibility to determine the resources it deploys and use software tools to deliver services. Now, the aim is to increase that goal by reducing the dependency on people and more on software led services which coincide with its goal of IT Modernization. NTL derives a major portion of its revenues from customers discretionary spending which is linked to their business outlook. Its major revenues are from UK, USA and other European countries. Some draft legislations in USA have been made to restrict the availability of work visas. Such protectionist policies threaten the prospect of global mobility of people which may also affect the work of NTL as distributed software development requires free movement of people. Appreciation of the rupee against any major currency results in the revenue denominated in that currency to appear lesser in reported terms. Then, there may be different exchange rate when sale took place and when invoice is collected. Internal Financial Control System: The internal Financial Control System of NTL has been laid down as below: (a) Recording and providing reliable financial and operation information. (b) Safeguarding Assets. (c) Ensuring compliance with corporate policies. (d) Well defined delegation of power. (e) Efficient ERP system. (f) Internal audit by one of the big audit firm. (g) Audit Committee found internal financial control adequate. Based on the above inputs, answer the following questions: Discuss the SWOT analysis of Newgen Technologies Limited.