grows 53% to Rs 28.6 Cr
· School Learning
Solutions revenue up 43% YoY
· Order Intake of Rs
107.5 Cr in School Learning Solutions
· USD 31 Mn Order Intake
for Corporate Solutions
NIIT Limited :
Consolidated Financials at a Glance (in Rs
New Delhi, July 29,
2009: For the first
quarter ending June 30, 2009, NIIT Limited, the leading Global Talent
Corporation recorded net revenue of Rs 261 Cr and
EBITDA of Rs 28.6 Cr , an improvement of 373 basis points,
YoY. PAT at Rs 9.9 Cr was impacted by forex volatility, both, in
operations and share of associates’ profits.
The results were
taken on record at the meeting of the Board of Directors of NIIT Limited here
Growth in market
share and revenue in School Learning Solutions, Corporate
Learning Products and Individual Learning Solutions,
China helped to offset the impact of
the environment in the US and Europe market.
Commenting on the
company’s Q1 performance, Mr Vijay K. Thadani, Chief Executive Officer, NIIT
Limited, said “Effective management of costs resulted in 53% growth in
EBITDA, in a challenging environment”
mix, better management of headcount and overhead
costs resulted in higher operating efficiency and improved operating margin.
According to Mr
Rajendra S Pawar, Chairman, NIIT Limited, “Forex volatility adversely
affected profit from operations as well as the share of associates’
NIIT launched the
GNIIT (IMS) program developed in
association with technology partners- Cisco, CompTIA, EMC, Microsoft, and Sun
with the aim of
meeting the industry’s growing need for certified professionals.
The curriculum combines the strengths of technology partners to develop
specialized skills in domains like Networking, Storage Management, Server and
Datacentre management, Desktop and Application Support and Emerging
Specializations like Security and Virtualization. With this
launch, NIIT increased its share and IMS enrolments grew by 92%
YoY. In China, NIIT enrolments grew by 63% due to
introduction of new technology products and expanding centres under Public
Private Partnership model
In this quarter,
placements were up 87% due to continued robust demand for industry-ready
trained IT professionals.
Solutions reported strong growth in revenue driven by demand
from Government and Private schools. During the quarter, NIIT received mandate
to provide computer aided education across 1,870 Government schools in Gujarat.
According to Mr P
Rajendran, Chief Operating Officer, NIIT Limited, ‘The School Learning Solutions
showed healthy growth of 43% with 1,984 new schools added in the
SLS recorded 89%
growth in EBITDA due to increased revenue and operating leverage.
Order Intake for the quarter stands at Rs 107.5 Cr leading to an order
book of Rs 397.1 Cr
EBITDA improvement of 739 basis points. In Corporate E-learning
products, NIIT improved its market share with revenue growing 23% YoY.
Fresh Order Intake
was USD 31Mn leading to pending Order Book of USD 81Mn of which 63% is
executable in the next 12 months.
New Business -
Finance & Management Training and NIIT Uniqua
With the addition
of 3 new executive management programs in Supply Chain Management, Advanced
program in Competitive Strategy and HR Management, NIIT Imperia
extended its offering to 25 Programs. NIIT Imperia tied up with Financial
Management Service Foundation, Delhi.
For the BFSI
sector, IFBI enhanced its offering by launching a new set of
programs under the ‘BFS series’ and also added Dhanalakshmi Bank as a
Other Highlights of
was recognized among Bersin & Associates
received the ICT Gold Medal – Vietnam for the 4th year in a
received the Best Learning
Partner award from CISCO and
was recognized as the Best Training School by The
Week – Nielsen survey
received the Best Green IT Project award by PC Quest for
computer education program, “Swift” gained national mindshare as
7,000 students from
500 schools across India competed at ‘Vish Come True’ national Chess
competition, for a chance to play with NIIT MindChampion Viswanathan Anand.
leading Global Talent Development Corporation and Asia’s largest IT trainer,
offers learning and knowledge solutions to over 5 million students across 40
magazine Dataquest has conferred upon NIIT, the ‘Top IT Training Company’ award
successively for the past 15 years, since the inception of this category. Rated
among India’s Business Superbrands 2008, NIIT’s Individual Learning
Business offerings include industry-endorsed programs for students seeking
careers in IT - GNIIT, Edgeineers and Global Net Plus for IT
provided computer-based learning to over 12,000 government and private schools.
The futuristic NIIT eGURU range for schools is a holistic education package that
comprises of Interactive Classrooms (an embedded Teaching Learning
Material, that uses elements of interactivity, automation and web links
library); Math lab (technology tools that enable school students to learn
and explore mathematical concepts); IT Wizard (equips the students with
core computer knowledge and IT skills); and Quick School (an Education
Resource Planning solution for school management).
professionals, NIIT Imperia, Centre for Advanced Learning, offers
Executive Management Education Programs in association with Indian Institutes of
Management (IIMs) at Ahmedabad, Indore, Kolkata, Lucknow, IMT Ghaziabad and IIFT
NIIT Institute of
Finance Banking & Insurance (IFBI), formed by NIIT
with equity participation from ICICI Bank, offers programs for individuals and
corporates in Banking, Financial Services and Insurance.
Uniqua, Centre for
Process Excellence, addresses the increasing demand for skilled workers in the
business and technology services industry by providing training programs in
relevant areas. This is a part of NIIT Institute of Process Excellence, a
Learning Solutions, offers
integrated learning solutions (including strategic consulting, learning design,
content development, delivery, technology, assessment and learning management)
to Fortune 500 companies, Universities, Technology companies, Training
corporations and Publishing houses.
tailored combination of catalog learning products, technology and services
through Element K offerings. These include: vLab®: hands-on labs, instructor-led
courseware, comprehensive e-reference libraries, technical journals, and
KnowledgeHub™: hosted learning management platform. This makes NIIT the first
and the best choice for comprehensive learning solutions, worldwide.
queries, please contact:Prateek
Chatterjee, NIIT Ltd, Ph: (Cell) +91 9910201085, (Dir) +91 124 4293041Email:
queries, please contact:
Kapil Saurabh, NIIT Ltd, Ph: (Dir) +91 124 4293324Email:
or Visit www.niit.com