NIIT Limited Q1 (Apr-Jun) Consolidated
Results 2007-08
NIIT
revenue up 104%
New
businesses, NIIT Imperia, IFBI and Element K, contribute to growth
NIIT
Limited and its subsidiaries recorded a consolidated net profit of Rs. 15.4 crore,
a growth of 17% over the same period last year compared to Rs 13.2 crore in the
corresponding quarter last year. This has resulted in a basic EPS of Rs. 7.0
per share of Rs. 10 each.
The
results were taken on record at the meeting of the Board of Directors of NIIT
Limited here today.
Commenting on NIIT’s Q1 performance, NIIT Chairman Mr. Rajendra
S. Pawar said, “NIIT
revenues grew 104%. Growth momentum continues through new businesses, including
the recently acquired Element K.”
New
businesses, IFBI and Imperia, have increased enrolments in the current cycle by
100% and extended to markets beyond the metros, in Pune
and Ahmedabad. Imperia launched 3 new programs: Human
Resource Management, Retail Management and Software Development Management from
IIMs in Ahmedabad and
The
company’s Individual Learning Business recorded a 30% growth in revenue in Q1
over the same period last year, with career programs growing at 33%. NIIT
students’ placement in the Top 20 IT companies grew by 95%.
To build
talent for the high growth IT infrastructure management space, NIIT extended
the new NetworkLABS curriculum to over 40 centres
across the country.
Continuing
its march in the global arena, NIIT expanded its global network by adding new centres
in
With the
added strength of Element K, NIIT has bagged a number of orders in the
Corporate Learning space contributing to an order in-take of $38.5 M during the
quarter.
According to Mr. Vijay K. Thadani, Chief Executive
Officer, NIIT, “With the successful launch
of new businesses, NIIT is well positioned to be a major provider of talent to
sectors beyond IT. In addition, global partnerships
will continue to contribute to NIIT’s growth.”
During
the quarter, NIIT announced its partnership with technology giant Intel to launch
multi-core training curriculum, globally. The curriculum has been developed
jointly and will be deployed by NIIT using its global delivery capability for the
benefit of the software developer community.
In the School
Learning Solutions space, NIIT signed up with 100 new private schools, to offer
integrated computer and computer aided education. In addition, NIIT has also added
525 more schools under the Sarva Shiksha
Abhiyan initiative of the Government.
Other highlights of Q1
2007:
§
Leading IT magazine Dataquest has ranked NIIT No. 1 IT Training Company and in among
the Top 50 IT companies in
§
TrainingOutsourcing.com has ranked NIIT and Element
K among the Top 20 in the Training
Outsourcing Industry, worldwide.
§
NIIT was awarded the ‘ICTE Gold Medal 2006-07’ by
the Ho Chi Minh Computer Association.
§
NIIT Hole-in-the-Wall Education Ltd, a joint
venture between NIIT and the International Finance Corporation partnered with Jaipur Municipal Corporation to set up 200 Minimally
Invasive Education (MIE) Playground Learning Centers
(PLCs) to promote computer education among school
kids in Jaipur.
§
Union Finance Minister P. Chidambaram felicitated
the toppers of the first batch of Tax Return Preparers, trained by NIIT.
§
NIIT Brand Ambassador Viswanathan Anand is ranked World
No. 1 in Chess. Anand reached out to NIIT students, chess enthusiasts and
media, nationally, using NIIT Imperia and the
About NIIT
NIIT,
Leading
IT magazine Dataquest has conferred upon NIIT, the Top IT Training
Company Award 2006. Rated among
For
working professionals, NIIT Imperia, Centre for Advanced Learning,
offers Executive Management Education Programmes in association with Indian
Institutes of Management (IIMs) at Ahmedabad,
NIIT Institute of Finance Banking & Insurance (IFBI), formed with
equity participation from ICICI Bank, offers programs to develop talent for the
banking industry.
NIIT
offers turnkey IT integration program for schools. NIIT has provided computer-based
learning to over 5000 government and private schools.
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.
Element
K delivers learning solutions for customers and
partners through a tailored combination of catalog
learning products, technology, and services. The offerings include: vLab® : hands-on
labs, instructor-led courseware, comprehensive e-reference libraries, technical
journals, and KnowledgeHub™ : hosted learning management
platform.
NIIT together with Element K
is now the first and the best choice for comprehensive learning solutions,
worldwide.
For media queries, please contact:
Prateek
Chatterjee, NIIT Limited, Ph: +91 124 4293041; prateek.chatterjee@niit.com or
For investor queries, please contact:
Chetna Khuller, NIIT Ltd.,
Kapil
Saurabh, NIIT Ltd.,