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 Q1 (April - June 2022) |
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| Insight@NIIT:Vol 55 |
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| Investor Communication |
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| NIIT Limited announces Q1 FY23 (April- June 2022) results |
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Vijay K Thadani
Vice Chairman &
Managing Director,
NIIT Limited |
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| “In face of increasing global uncertainty and rapid macro-economic changes, NIIT continued its growth momentum resulting in a strong revenue growth of 8% QoQ and 34% YoY.” |
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Q1 Revenue at Rs. 404.8 Cr, up 34% YoY, 8% QoQ |
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EBITDA at Rs 74 Cr, up 5% YoY, with 18.3% EBITDA Margin |
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Profit After Tax of Rs. 44.3 Cr; EPS at Rs 3.3 |
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Corporate Learning Group (CLG) revenue grows 18% YoY; Adds 4 MTS customers and records revenue visibility of $ 304 Mn |
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Skills & Careers Group (SNC) revenue grows 145% YoY |
*On PAT affected by Rs. 10.5 Cr reduction in treasury income YoY, led by mark-to-market impact on fixed income MF investments
NIIT Limited (NSE: NIITLTD), a leading global talent development corporation, today reported the results for its first quarter ending June 30, 2022. During the quarter, the company recorded Net Revenue of Rs. 404.8 Cr, up 34% YoY and 8% QoQ. EBITDA was Rs. 74 Cr, up 5% YoY and the EBITDA margin stood at 18.3%. Profit After Tax was recorded at Rs. 44.3 Cr. EPS stood at Rs 3.3.
The results were taken on record at the meeting of the Board of Directors held today.
Corporate Learning Group (CLG) recorded net revenue of Rs. 312.5 Cr, up 18% YoY and 6% QoQ. CLG added 4 new MTS customer contracts as well as one contract expansion and one contract renewal during the quarter. The revenue visibility for CLG, at the end of the quarter was at USD 304 million. The total number of MTS customers stand at 68.
Skills & Careers Group (SNC) recorded net revenue of Rs. 92.3 Cr during Q1, up 145% YoY and 16% QoQ.
The quarter saw NIIT strengthening its association with Salesforce as its Authorized Training Partner by offering programs on Salesforce to fresh graduates and working professionals, to build a pan-India talent pool of Salesforce Certified Professionals.
During the quarter, NIIT Digital expanded its reach and launched New Age Dual Qualification programs for college students. These programs are designed to equip college students with multidisciplinary new age skills, giving them the edge, they need early on for a successful corporate career.
NIIT’S subsidiary, NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) entered into partnerships with HDFC Bank and Kotak Mahindra Bank to build new age Digital Talent in fintech and data engineering roles for the banking industry. It also joined hands with Bajaj Finserv to scale up the reach of Bajaj Finserv's Certificate Program in Banking, Finance, and Insurance (CPBFI).
Other Highlights
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Over the last one year, leading Global Capability Centres (GCCs) have partnered with StackRoute, an NIIT initiative, for building high-quality workforce across technology, digital, data, and related roles. |
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NIIT Digital was recognized as the 'Transformational platform for professional learning in new-age technologies' by India's leading IT magazine, Dataquest. NIIT won this award under the education category at the 29th edition of the Digital Leadership Conclave 2022 held by the publication. |
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NIIT was named as Top 20 Learning Services company by Training Industry, Inc. This is the 15th consecutive year of being featured as a leader in learning services and training outsourcing. |
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NIIT Ranked among the Top 20 Custom Content Development Companies list for the twelfth consecutive year by Training Industry, Inc. |
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| NIIT awarded the ‘Transformational platform for professional learning in new-age technologies’ at the Digital Leadership Conclave 2022 by Dataquest |
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NIIT Limited, a leading global talent development corporation, has been recognised as the ‘Transformational platform for professional learning in new-age technologies’ by India’s leading IT magazines, Dataquest. NIIT won this award under the education category at the 29th edition of the Digital Leadership Conclave 2022 held by the publication. The award was received by Archit Shankar, Head of Marketing, Career Education Business, NIIT Ltd.
The NIIT Digital platform has been playing an integral role in connecting corporate and individual learners seamlessly. It has been enabling an environment for improving learning, effectiveness, and efficiency. With the aim to provide deep learning, NIIT Digital not only provides new age, online, instructor-led tech programmes, but also provides placement assurance to truly transform the lives of the learners. Delivered in an interactive format, the platform assists in bridging the gap between the needs of the tech industry and the job readiness of learners.
NIIT Digital has been providing a series of aspirational New-age Career Programs to supplement and contribute to the digital transformation that is taking place across the country. The company has been providing programs such as Product & Software Engineering, Data Science, Digital Marketing, Cloud computing, cyber security, Game Development, 5G certification program, and more. These online programmes, which are delivered in a live and interactive format, assist in bridging the gap between the needs of the tech industry and day-1 job readiness of learners.
Congratulating NIIT on the achievement Sunil Rajguru Editor, Dataquest said, “The Digital Leadership Conclave 2022 honoured and recognized people and organizations which have been doing remarkable work in Intelligent Enterprises, Workplace, cloud adoption for business growth, enhancing customer experience etc. These are the places that have been having an extraordinary impact on industries such as education, healthcare, and manufacturing amongst others. We congratulate NIIT Digital for winning The Digital Leader Award 2021 in “Education Category“ for their remarkable role in professional learning in new-age technologies and wish them all the best to curate more such revolutionary learning solutions in the times to come as well.”
The Digital Leadership Conclave 2022 by Dataquest is one of the most prestigious events that acknowledges organizations doing remarkable work in various industries. The 29th edition of the Conclave 2022 was focused on Next Gen Enterprise, workplace, cloud adoption for business growth, enhancing customer experience, enabling modern infrastructure and Future of Workplace and remarkable work in various industries such as Education, Manufacturing, Healthcare etc.
For more information on the awards, please visit:
https://www.dqindia.com/dataquest-honors-ict-awards-winners-at-29th-digital-leadership-conclave/
(Disclaimer: NIIT Ltd. does not have any relation with the awarding agency and has nothing to do with the process and screening of the awards.)
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| NIIT Announces Multi-Year Training Contract with Multinational Pioneer in Healthcare for Streamlining Regulatory Operations with Veeva Vault RIM |
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Sailesh Lalla
Executive Vice President at NIIT Limited. |
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| "We are honored to have been selected as the learning partner for a Veeva Vault RIM initiative with one of the world’s largest biotech companies. With our deep expertise in training on Veeva technologies, coupled with our business-outcome focused approach to learning, we are excited about playing a key role in enabling highly efficient and streamlined regulatory operations for our client.” |
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NIIT Limited, a global talent development corporation and leading provider of managed training services, announced today that its life sciences division, NIIT Life Sciences has entered into a multi-year learning services agreement with a Swiss multinational leader in healthcare.
Under the agreement, NIIT will provide a full range of learning services to our client to help streamline their regulatory operations using Veeva Vault RIM. NIIT Life Sciences will support our client’s Vault RIM initiative end-to-end through global training services that will be delivered in multiple phases until 2024. The learning services that NIIT will provide are designed to integrate seamlessly with the company’s current Vault RIM implementation roadmap.
NIIT will enable flexible and agile working practices to shape and respond to the challenges inherent in a multi-phased Veeva implementation. This will dovetail with the company’s agile working methodology and support the planning required to overcome the challenges inherent within each release. NIIT will also provide scale and deep subject matter expertise to the client’s training program so that their teams can focus on ‘making the change happen’.
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| Bajaj Finserv and NIIT Ltd announce partnership to create large-scale, job- ready pool of freshers for BFSI industry |
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Gaurav Nigam,
SVP and Business Head, NIIT Ltd., |
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| “At NIIT, we have been working with the industry and the student community for over four decades and have a deep understanding of the talent and skills requirements brought in by Digital Transformation. Within this fast-changing ecosystem, there is a dire need to have the right talent that is ready to be absorbed in the banking market. Our strategic collaboration with a leading organization such as Bajaj Finserv will further contribute towards the training of young and talented youth in the banking space. Through this collaborative partnership, we will enable the creation of job ready skills in the banking sector and help learners realise their true potential.” |
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NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) - a subsidiary of NIIT Limited, and Bajaj Finserv, today announced a partnership to create a large-scale, job-ready pool of talent for the BFSI industry. Bajaj Finserv, through its flagship CSR Initiative BEYOND, aims to train over 10,000 graduates, especially first-generation graduates, every year across India. This collaboration will scale up the reach of Bajaj Finserv’s Certificate Program in Banking, Finance, and Insurance (CPBFI) through NIIT’s wide network across different parts of India.
The programme is a customised training programme conducted by Bajaj Finserv for both undergraduates in their final years and graduates, especially first-generation graduates. Following this partnership, the programme - currently available to only students and alumni of Bajaj Finserv’s partner colleges – will now be accessible to freshers, both graduates and undergraduates across all states of India through NIIT’s reach and highly skilled BFSI trainer pool. Bajaj Finserv has till date trained over 20,000 graduates in more than 200 colleges in India.
Ajay Sathe, Group Head - CSR, Bajaj Finserv Limited, said, “CPBFI, our flagship certificate programme under BEYOND, is perhaps the only comprehensive employability training programme that trains students on all the three aspects of employability viz., attitude, skills and knowledge. NIIT is a leading name in the Banking & Financial training space and an ideal partner in our mission of enabling today's aspiring graduate candidates to become successful professionals working in companies across banking, finance and insurance sectors. With NIIT's national presence, quality training standards and technology as an enabler, we are confident of making our training programme widely available across the country. We will be working closely with NIIT to bring various employment opportunities to those who successfully complete the programme."
Bajaj Finserv will bear a substantial part of the programme fees through its CSR Funds, thereby making the program available to students at a nominal fee. Learners who successfully complete this program will receive a certificate and will be provided with placement assistance both by Bajaj Finserv and NIIT.
To know more about the program and enroll, please click here
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| HDFC Bank partners with NIIT to train and hire Data Engineers |
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Bimaljeet Singh Bhasin,
President, Skills and Careers Business (India), NIIT ltd. |
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| “At NIIT, we strive to build skilled human capital and enhance the workforce talent ecosystem. Amid the constantly changing business landscape, it is important for learners to be equipped with new age technology skills such as those in Data Engineering. Our strategic partnership with HDFC Bank is built on this premise to strengthen the talent pipeline. As part of the larger partnership, this first program will be a step forward in jointly providing high-quality professional education programs. Through this program, learners will be able to build a strong career in Data Engineering and cultivate the use of analytics for business insights.” |
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- Launches HDFC Bank Data Digits: Post Graduate Program in Data Engineering
NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) - a subsidiary of NIIT Limited, announced a strategic partnership with HDFC Bank to build new age Digital Talent for the banking industry.
The partnership will aim to nurture talent in the new-age tech field of data science and empower them to leverage data meaningfully and deliver useful business insights. The learning programs will be delivered through live, instructor-led sessions, and guest lectures from senior executives of HDFC Bank. The first learning program to be launched is the HDFC Bank Data Digits-Post Graduate Program in Data Engineering.
This program is the first of planned initiatives to raise digital skills in the BFSI industry. The program will make learners job ready in 12 weeks. Through this program the bank hopes to hire close to 100 data scientists in a year.
Ranga Subramanian, Senior Vice President, Human Resources, HDFC Bank said “It gives us immense pleasure to announce this partnership with NIIT to develop a strong talent pipeline for HDFC Bank. Through this partnership, we are launching a programme customised for HDFC Bank called 'Data Digits', a certification program in Data Engineering. This program has been curated to create a comprehensive training module which highlights key skills such as Data analytics and Big Data fundamentals among others, while additionally honing visualization skills for business insights. We are excited to partner with NIIT, a market leader in training aspirants for a skilled, knowledgeable, and tech savvy workforce. With this partnership, we are confident of creating the perfect launch pad for those wishing to pursue a career in Data Science.”
In terms of eligibility for the course, graduates with 0-2 years of experience, Engineering/MBA Analytics/ BE CS graduates can enroll in the program. Post the successful completion of the course, a learner will be a certified Data Scientist at HDFC Bank, having an E2 Grade.
To know more about the program and enroll, please click here - https://bit.ly/3unztBQ
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| News@NIIT |
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