Individual Learning
Solutions recorded 17% YoY
growth in net revenue on the back of 8% growth in GNIIT series enrolments, 177%
growth in the job-oriented diploma programs and 172% growth in Finance &
Management training enrolments.
In international
markets, NIIT further strengthened its positioning in global talent development.
China operations recorded a robust growth of 44%. The company also set up new
operations in Brunei and organized its 11th successful scholarship drive in
Nigeria.
Finance &
Management Training (FMT) recorded a 139% YoY growth in revenue. NIIT
Imperia entered into a strategic alliance with Google to offer cutting-edge
training program in
online advertising, certified by Google.
Corporate Learning
Solutions (CLS) recorded a net
revenue of Rs 148.7 Cr, up 11% YoY with a volume growth of 15% YoY. Order intake
for CLS was at USD 31 Mn for the quarter as a result of significant customer
wins in Managed Training Services. The closing order book stood at USD 92 Mn, up
11% YoY.
Commenting on the
quarter performance, Mr Vijay K Thadani, Chief Executive Officer, NIIT Limited,
said, “Robust order intake of USD 31 Mn supported volume growth in
Corporate Learning Solutions business. This reflects distinctiveness of NIIT’s
solutioning capabilities and is also an endorsement of Element K’s vast
eLearning library.
During
the quarter, NIIT reaffirmed its leadership position in the IT training space by
winning the Dataquest Top IT Training Company Award 2010, for the 18th
consecutive year. NIIT also received the prestigious
Microsoft Partner
Summit Award for Best Learning
Solutions, Highest Revenue Partner for the year 2009-10 and the
Franchisor of the
year Award 2010 by Franchise
Plus
Magazine, for developing and demonstrating
the best business model in the field of Information Technology
Education.
NIIT along with its
brand ambassador, Grand Master Viswanathan Anand launched the ‘Certificate
Program in Chess as Mind Booster’ in partnership with IGNOU, to enable
development of young minds through Chess. This is the first such program to be
made available in this space.
Mr P Rajendran,
COO, NIIT said, “Fresh order intake of another Rs 48.7 Cr in the School
Learning Solutions business strengthened the order book further, for ensuring a
robust delivery of annuity based revenues in the future.”
Other
highlights:
- NIIT (USA) received
the CLO Gold award for Virtual World Education, for the customized training
solution put together for KFC in the US.
- Element K Inc. was
named the finalist for "Best IT Content 2010" by ELearning! Magazine and was
ranked among “Top 20 Learning Portal Companies" by Training Industry Inc. during
the quarter.
About
NIIT
NIIT
Limited, leading Global Talent Development Corporation and Asia’s largest IT
trainer, has impacted over 5 million students across 40 countries through its
learning and knowledge solutions.
Leading
IT magazine Dataquest has conferred upon NIIT, the ‘Top IT Training Company’
award successively for the past 18 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
professionals.
NIIT
has provided computer-based learning to over 15,000 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).
For
working 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
Delhi.
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.
NIIT
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 NIIT-Genpact venture.
NIIT’s
Corporate 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.
NIIT
delivers a 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.
Ushering
in a new model in higher education is the not-for-profit NIIT University,
established in 2009 with a vision of being the leading centre of innovation and
learning in emerging areas of the Knowledge Society. Nestled in the foothills of
Aravali, in Neemrana, Rajasthan, the picturesque 100 acres fully residential
green campus has been developed as an institute of excellence based on the four
core principles of providing industry linked, technology based, research driven,
seamless education.
For
media queries, please contact:
Prateek Chatterjee,
NIIT Ltd, Ph: (Cell) +91 9910201085, (Dir) +91 124 4293041
Email: prateek.chatterjee@niit.com
Reema Bardhan, NIIT
Ltd., Ph: (Cell) +91 9891267470, (Dir) +91 124 4293042
Email: reema.bardhan@niit.com
(or)
Visit
www.niit.com
Investors may
contact:
Kapil Saurabh, NIIT
Ltd, Ph: +91 124 4293324; Fax: +91 124 4293333;
Email: kapil.saurabh@niit.com