Q3 (October- December 2017) Insight@NIIT:Vol.38 Investor Communication Contents
     
   
 
  NIIT Limited announces Q3 (October - December 2017) Consolidated Results  
  NIIT Acquires Eagle Productivity Solutions  
  NIIT Accredited by Learning and Performance Institute for the Second Consecutive Year  
  NIIT Named to Training Industry 2017 Top 20 IT Training Companies List  
  IIM Calcutta in association with Training.com announces the second batch of Advanced Program in Data Sciences  
 
   

     
   
  Contents  
 
 


  Q3 Results  
  News@NIIT  
  Campaigns  
 
     

     
   
  NIIT Limited announces Q3 (October - December 2017) Consolidated Results  
 
 

 

 

 

Sapnesh Lalla
Chief Executive Officer
NIIT Limited

A robust and continuing growth in Corporate Learning Group coupled with strong operational controls in other businesses, resulted in 8% YoY growth in go forward business in constant currency terms, and a 69% YoY growth in EBITDA, despite it being the weakest seasonal quarter.

 

 

 



Prakash Menon
President, Global Retail Business (GRB)

Strong operational control measures together with new age curriculum like training in Blockchain technology, helped drive momentum for the business.

 

 

 


Gavin Dabreo
CEO of MLSL

We continue to focus on delivering outcome linked products to our customers. This is helping us establish a connect with students and improving our relationship with stakeholders in schools.
  • EBITDA up 69% YoY at Rs. 18.4 Cr on a Net Revenue of Rs. 209.4 Cr
  • Corporate Learning Group (CLG) records constant currency growth of 14% YoY
  • Acquires Eagle Productivity Solutions in USA; deepens expertise in pharmaceutical and life sciences

Quarter 4 highlights:

NNIIT Limited Consolidated Financials for Quarter ended December 31, 2017

(in Rs. Crore) Quarter ended December 31, 2016 Quarter ended December 31, 2017 YoY change
Net Revenue
202.0
209.4
4%
EBITDA
10.9
18.4
69%
Profit After Tax
4.4
19.7
350%

*Note: The accounts have been prepared based on Ind AS, as on 31st December 2017. To make it comparable on a like-to-like basis, the accounts as on 31st December 2016 have been converted into Ind AS.

NIIT Limited reported its results for the third quarter ending December 31, 2017. During the quarter, the company recorded a PAT of Rs. 19.7 Cr, up 350% YoY and a Net Revenue of Rs. 209.4 Cr. up 4% YoY. EBITDA was recorded at Rs. 18.4 Cr, up 69% YoY. Net debt was recorded at Rs. 41.9 Cr.

Corporate Learning Group (CLG) recorded net revenue of Rs. 129.4 Cr up 14% YoY in constant currency terms, on an EBITDA of Rs 19.8 Cr, up 29% YoY. It renewed a marquee MTS contract resulting in revenue visibility of $ 199 mn, up 44% YoY from 38 MTS customers.

NIIT acquired Eagle Productivity Solutions, a top-rated global provider that specializes in training solutions for companies adopting sophisticated cloud-based applications in the pharmaceutical and life sciences industry. The acquisition will help NIIT expand its training capability for global rollout of cloud-based enterprise applications in the pharmaceutical and life sciences industry.

"We are proud to have Eagle Productivity Solutions as part of the NIIT family. They bring deep expertise in pharmaceutical & life sciences segment. Its unique capability enables enterprises to successfully roll out applications and processes achieving over 90% adoption rates", added Sapnesh Lalla, CEO, NIIT Ltd.

In this quarter, NIIT entered into a strategic partnership with UP! Your Service, the global leader in creating cultures of service excellence worldwide, to expand its Corporate Learning portfolio to deliver internal and external cultures of Service Excellence. Through this tie-up, NIIT aims to create a huge difference in the way organizations work to create value for their customers and colleagues.

Skills & Careers Group (SNC) recorded net revenue of Rs. 69.1 Cr during Q3 on an EBITDA of Rs 1.8 Cr.

During the quarter, Training.com in association with IIM Calcutta, announced the second batch of the Advance Program in Data science. Since the launch of the platform in October 2016, Training.com has generated more than 9 million visitors. Training.com has built a portfolio of over 160 advanced courses including programs in Digital Marketing, Technology, Data Science and Applied Finance from premium institutions including IIM-C, Microsoft and Digital marketing institute.

MindChampion Learning Systems Limited (MLSL) registered net revenue of Rs. 9.2 Cr during the quarter. It signed 85 private school contracts in Q3, up 67% YoY.

Other highlights:

  • NIIT held the Indian edition of its international customer conference – "NIIT Confluence", for the first time in the country in Goa, from 1st – 3rd November 2017. Based on the theme "Re-imagining Learning. Transforming Business", NIIT Confluence attracted widespread participation from thought leaders and CHRO's in the space of Learning & Development. Key speakers included HR heads and Sr. leadership from organisations like – Reliance Industries, Vodafone, Wipro, UST Global, ICICI, Bank of Baroda, Cognizant, Essar Oil, IOCL, among others.
  • NIIT Named to Training Industry 2017 Top 20 IT Training Companies List.
  • NIIT Accredited by Learning and Performance Institute for the Second Consecutive Year.
  • NIIT Named to TrainingIndustry.com's Top 20 Gamification Companies List.
 
     


 
     
   
  NIIT Acquires Eagle Productivity Solutions  
 
 

Sapnesh Lalla
CEO,
NIIT Limited

The Life Sciences domain and Software Application Adoption expertise have been of keen interest to NIIT. Learning plays a key role as a key enabler of change in both these areas. Eagle's unique mastery learning pedagogy enables their customers to rapidly achieve greater than 90% adoption of new processes and applications. This is a distinguishing reason why Eagle has a loyal and strong list of customers in the Life Sciences space. The coming together of Eagle's expertise and penetration in the Life Sciences space creates great opportunity for NIIT in both the Life Sciences and the Software Application domains. I am deeply excited by what we can achieve together. I look forward to welcoming the Eagle Team and their customers to the NIIT family,.

Expands training capability for global rollouts of cloud-based Enterprise Applications in the Pharmaceutical and Life Sciences Industry

NIIT Limited announced that it has acquired Eagle International Institute, Inc. doing business as Eagle Productivity Solutions ("Eagle") through its wholly owned subsidiary, NIIT (USA) Inc. Headquartered in Rochester USA, Eagle is a top-rated global provider that specializes in training solutions for companies adopting sophisticated cloud-based applications in the Pharmaceutical and Life sciences industry.

The blending of these two companies will further help NIIT expand its capabilities in global application rollouts of enterprise applications requiring high adoption and deepen its domain expertise in the pharmaceutical and life sciences domain. In turn, Eagle's clients will gain access to more evolved service models, expanded capabilities including a richer variety in training content, and a stable and established global structure.

Under the NIIT umbrella, Eagle will continue to exist as an individual practice and maintain its mission to deliver quality, innovation, and above all, results. Eagle also intends to honor all contracts and commitments to all existing customers with no interruption in service.

"This is a major event for Eagle. It allows us to expand," said Bob Cannan, majority shareholder and CEO of Eagle since 1994. "We're being purchased as a practice with expertise intact. It's the ideal fit for Eagle. We see this as a major opportunity to support the explosive growth of cloud software - introduced with expertise, maintained with thoughtful attention. No single company will be more capable of this than this new combination. We can service this market extraordinarily well. We have some of the finest methods and a strong track record."

 
     
       

       
     
   
  NIIT Accredited by Learning and Performance Institute for the Second Consecutive Year  
 
 

Sailesh Lalla
EVP Business Development at NIIT's Corporate Learning Group

The LPI accreditation strengthens our commitment to deliver measurable business impact and value to our customers by thoroughly evaluating our performance against best-in-class providers. The LPI benchmarks performance data across our peers and we are delighted to meet and exceed these globally recognised standards set by the LPI.

 

 

 

NIIT Limited announced that it has earned the status of Accredited Learning Provider for the second consecutive year. NIIT was awarded the accreditation for its "commitment to high quality and process improvement in the provision of learning, development and training services to clients" by the Learning and Performance Institute (LPI), UK.

LPI is a leading global membership body for learning professionals and organisations, whose aim is to raise the profile of those in the workplace learning sector by sharing and celebrating the knowledge, experience and skills of their members and accredited partners. LPI accreditation is the globally-recognised quality mark for providers of learning products, technologies, services, and facilities.

The learning provider accreditation is done through a rigorous audit where a learning provider is validated against a globally-recognised quality mark, based on performance data from thousands of learning providers.

Through this accreditation, NIIT has been independently and internationally acknowledged as a forward-thinking, reputable provider, committed to learner outcomes, performance development and customer satisfaction.

Edmund Monk, CEO, Learning and Performance Institute said, "The LPI's accreditation programme is not only a benchmark – it's an ongoing, consultant-led performance evaluation with clearly-defined business improvement goals. Only the very best learning organizations achieve accreditation, so I would like to congratulate the team at NIIT for their efforts in attaining – and maintaining - the highest levels of quality in their learning provision. Customers and partners of NIIT can be assured of its commitment to excellence and dedication to continuous improvement."

 
     
       

       
     
   
  NIIT Named to Training Industry 2017 Top 20 IT Training Companies List  
 
 

Devenderjit Chadha
Executive Vice President and Global Head, Learning Delivery, Operations and Content at NIIT

It is an honor to be recognized among the Top 20 IT Training companies for the eighth consecutive year. The IT training industry is constantly evolving and we are committed to introducing new services and innovations to deliver the most high quality and cost-effective IT training services for our global customers.

 

 

 

 

 

 

NIIT Limited announced that Training Industry has named it a 2017 Top 20 IT Training Company for the eighth consecutive year. Training Industry is one of the most trusted sources of information on the business of learning and continuously monitors the IT training marketplace looking for the best providers of IT training services.

Selection to this year's Top 20 IT Training Companies List was based on the following criteria:

  • Breadth and quality of IT training content and courses
  • Leadership and innovation in IT training
  • Company size and growth potential
  • Quality and number of clients
  • Awards, recognition and competitive differentiation

"The companies on this year's Top 20 IT Training Companies List lead the way in providing IT infrastructure, programming and database training," said Ken Taylor, president of Training Industry, Inc. "The companies selected for the 2017 IT Training Companies Top 20 List have adapted their content and courses over time to accommodate learner preferences and desired delivery modalities."

View the 2017 Top 20 IT Training Companies.

 
     
       

       
     
   
  IIM Calcutta in association with Training.com announces the second batch of Advanced Program in Data Sciences  
 
 

Prakash Menon
President, Global Retail Business, NIIT Ltd

We are delighted to launch the second batch of the pioneering APDS program. The first batch was a great success enabling students to provide data analysis in a visual manner, leading to faster and better decisions for the organizations they are working for."

IIM Calcutta in association with Training.com announces the second batch of Advanced Program in Data Sciences

IIM Calcutta announced the second batch of Advanced Program in Data Sciences, in association with Training.com - a multi-modal learning platform by NIIT, to help build a great career in the field of Data Science. The program will enable the learners to acquire a strong foundation in interpretation of data to succeed in leading organizations.

The one year Advanced Program in Data Sciences (APDS) will provide in-depth knowledge of different tools and techniques used for handling, managing, analysing and interpreting data. The applicants should also have a work experience of at least 3 years. On successful completion of the program the participant will receive a certificate of completion from IIM Calcutta. The candidates will also be awarded Alumni status by IIM Calcutta.

"The programs offered by training.com are uniquely positioned to meet the changing requirements of the industry. Through this program in association with IIM Calcutta, we aim to develop globally competitive workforce who can take on various challenging role and add greater value to their organization," added Mr Menon.

Prof Indranil Bose, Professor of Management Information Systems at IIM Calcutta, said, "IIM Calcutta, one of the most reputed business schools in Asia, believes in creating a distinct career path for professionals through its cutting-edge programs. Having received enthusiastic response to the first batch we are now introducing the second batch of APDS in association with Training.com. Through this Avant Garde program, we will help participants to acquire a strong foundation in applying advanced quantitative and statistical tools in the industry."

Prof Preetam Basu, Assistant Professor of Operations at IIM Calcutta, said, "Due to extensive growth of data science across industries, there is an immense need for professionals with appropriate data science skills. Specialized training in data science will provide students with skills aligned to the industry needs, and accelerate their career. Through this program we aim to continue to work towards creating a pool of professionals trained in data science."

The Advanced Program in Data Sciences will introduce learners to software such as XL-Miner, SAS Enterprise Miner, SPSS, R, @Risk, Arena, Apache Spark etc. The program is suited for working professionals who would like to have a hands-on feel on working with data and making sense of it. There will be 275 hours of live online classes and 3 campus visits spanning 10 days at the beautiful IIMC campus. As part of the program, participants will be required to form small teams and undertake projects of their choice, in the areas of marketing, finance, operations, agriculture, construction and healthcare to be guided by IIMC faculty. These projects will have to be submitted and presented during a 4-day IIMC Campus module towards the end of the program. Successful completion of the program will enable the participants to acquire a strong foundation for applying advanced quantitative and statistical tools to make most effective decisions driven by sound data analysis.

Professionals undertaking the program will be trained in statistics in data science, data representation and visualization, econometric methods, stochastic processes and stimulation, machine learning, big data storage and analysis and much more.

For more information: -

Call: 18002081050 (or) https://www.training.com/management-courses-online/advanced-program-in-data-sciences

 
     
 

 
     
   
  NIIT announces strategic initiative to drive cultures of service excellence across organizations worldwide  
 
 

Sapnesh Lalla
CEO,
NIIT Limited

We at NIIT, have always believed in Quality and Value Creation. We are excited to embark on a very significant initiative – Delivering Service Excellence and Increasing the Value that our Customers derive from their association with NIIT. We are delighted to partner with UP! Your Service, the world leader in this space in a strategic move to significantly expand our Corporate Learning portfolio.

 

Ron Kaufman
Founder and Chairman, UP! Your Service

Providing superior service is essential to achieving continued success in our competitive world. Organizations with a powerful service reputation and a superior service culture will attract and retain the best talent, achieve market leadership, and enjoy sustainable success. Digital transformation is not just about embracing new technology, it is about a change in thinking and in organization culture. We are happy to partner with NIIT to work towards creating more digital-savvy and customer friendly organizations.

 

- Enters into an exclusive partnership with UP! Your Service, founded by award-winning Service Culture Consultant Ron Kaufman

NIIT Limited entered into a strategic partnership with UP! Your Service, the global leader in creating cultures of service excellence worldwide. Founded by Ron Kaufman, the globally renowned Service Culture Consultant, UP! Your Service works with organizations across the world, equipping them with customer service principles, training tools, and best practices to make their strategy of continuous service improvement come alive – to make it real, scalable, and sustainable. Under this partnership NIIT will help implement a culture of service excellence across organizations using UP! Your Service's global expertise and tools in this area.

This strategic partnership was announced at the 'Confluence 2017' event organised by NIIT from 1st to 3rd November 2017 at The Lalit Golf & Spa Resort, Goa. Built around the theme "Re-imagining Learning. Transforming Business", the 'Confluence 2017' event highlights how learning leaders around the world are implementing ideas that are enabling business transformation.

NIIT's partnership with UP! Your Service is a strategic move to expand its Corporate Learning portfolio to deliver internal and external cultures of Service Excellence. In addition to its cutting-edge Managed Training Services (MTS), NIIT will now offer services like Service Culture Indicator, Service Leader Workshops, and Service Excellence Workshops to take organizations to a new level of service that is enabled by fundamental principles and actionable models. Through this tie-up with UP! Your Service, NIIT aims to create a huge difference in the way organizations work to create value for their customers and colleagues.

The world is in a deep service crisis. With the global economies transforming at record speed, most companies are largely unprepared for the service demands they face day and night from around the world. To address this service crisis, NIIT has partnered with UP! Your Service, founded by Ron Kaufman, one of the world's most sought-after educators, consultants, business thought-leaders, and motivational customer service keynote speakers on the topic of achieving superior service. His methodology includes a set of proven service principles, leadership rules, culture-building blocks and implementation roadmaps that apply effectively across all industries and cultures. This methodology is easily customized to suit the unique needs of each organization, including all departments and team members from the leadership to the frontline.

The NIIT group of companies has been working with UP! Your Service for the last 3 years in related assignments. With this announcement, NIIT & UP! Your Service are taking their association to the next level to benefit customers worldwide. Building on the success of NIIT Technologies, NIIT Limited has embarked on a journey of strengthening its culture of service excellence. This initiative will be rolled out in every business and function of NIIT over a 24-month period commencing October 2017.

 
     
 

 
     
   
  NIIT Named to TrainingIndustry.com's Top 20 Gamification Companies List  
 
 

Gregg Collins
Chief Learning Scientist at NIIT

We are honored to be selected as a Top 20 Gamification company for the fourth consecutive year. At NIIT, we are exploring better and faster ways of building gamification and simulation training experiences with a team of experienced Triple A gaming professionals at our new location in Sheffield, England.

 

NIIT Limited announced that it has been selected as a 2017 Top 20 Gamification List Company for the fourth consecutive year by TrainingIndustry.com. TrainingIndustry.com continually monitors the training marketplace for the best providers of gamification services/technologies in support of corporate learning and development.

Selection to this year's Top 20 Gamification Companies List was based on the following criteria:

  • Gamification features and capabilities
  • Innovativeness of offerings
  • Company size and growth potential
  • Quality and number of clients
  • Awards, recognition and competitive differentiation

"This year's 2017 Top 20 Gamification Companies are leading the way in developing and implementing innovative gaming techniques to engage and improve the corporate learning experience," said Ken Taylor, president of Training Industry, Inc. "We have seen an increase in the use of adaptive learning and other gaming strategies to drive efficient and impactful learning."

View the 2017 Top 20 Gamification List.

 
     
         

         
  News@NIIT  
   
 
  From Zero to InfiNIITy_ Data Quest_ Dec 2017  
  Career option in Data Science_Iamwire_Dec 2017  
  NIIT Announces Strategic Initiative to Drive Cultures of Service Excellence across Organizations Worldwide_ Hindu Business Line_ Nov 2017  
  Next generation schools - Paving way for blended learning_ Digital learning_ Oct 2017  
  Of Machines or Humans_Morph or Die_ nextbigwhat_Oct 2017  
  Programmers need to become full stack players_ Deccan Herald_ October 2017  
 
     

     
 
  Campaigns  
 
     
 

 
     

         
  Environment Scan  
   
 
  Demand for AI amongst experienced IT professionals_ The Hindu_Dec 2017  
  Indian IT sector sees new growth drivers in mid-tier firms_ Business Standard_ Nov 2017  
  Govt. IT spending to rise 8.9% next year. Gartner_ Hindu Business Line _Nov 2017  
  Accquire more skills IT secretary tells students_The Hindu_October 2017  
  Reskilling for the future_The Financial Express_Oct 2017  
  Trained freshers are Indian IT's choice_Business Standard_ Oct 2017  
 
     

 

 

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investor.relations@niit.com
or contact the Editor at- Swati.1.Sharma@niit.com

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