TO THE NEW Achieves remarkable QoQ Growth of 13% with a revenue of $44.4 million
New Delhi, September 07, 2023: TO THE NEW, a leading global digital technology services company, proudly announces its exceptional growth performance in the first quarter of the fiscal year 2023-2024 clocking a revenue of $44.4 million.
TO THE NEW continued to maintain a high growth trajectory owing to innovative solutions, expertise in cloud, data, and product engineering, and its people-centric culture. The company grew by 52% in FY23, clocking a revenue of $146 million last year, and continued the momentum with 13% growth in Q1 of FY24 in comparison to Q4 of FY23. These outstanding growth numbers underscore the company’s ability to maintain a steady upward trajectory.
“Looking back at the previous year and Q1 of this fiscal, we are immensely proud of what we’ve accomplished. Our consistent growth trajectory in the first quarter is a testament to the unwavering dedication, hard work, and innovative mindset of our team,” said Deepak Mittal, CEO and co-founder of TO THE NEW. “Amidst the economic recession, while others hesitated, we forged ahead with unwavering determination. As a result, we not only weathered the storm but continued to thrive without any downturn. We are committed to providing transformative digital solutions that not only address our client’s immediate needs but also empower them for long-term success. These growth numbers not only highlight our financial success but also speak volumes about the trust our clients place in us.”
With a dedication to excellence, TO THE NEW is actively expanding its skilled team of Newers and aims to onboard 500 employees this year. Headquartered in Singapore, TO THE NEW operates from its state-of-the-art delivery centers in India, the US, UAE, and Australia, providing a strong backbone for its global operations. Committed to driving transformation, the company is poised to set new benchmarks and continues to deliver significant value for its clients.