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 Q1 (April-June 2019) |
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| Insight@NIIT:Vol.43 |
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| Investor Communication |
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| NIIT Limited announces Q1 (April - June 2019) Consolidated Results |
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Vijay K Thadani
Vice Chairman & Managing Director, NIIT Limited |
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| "The increase in revenue visibility for Corporate Learning Group and the growth in Go forward business in Skills & Careers, vindicate the company's strategy and reaffirm the confidence of customers, in our ability to add value." |
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Sapnesh Lalla
Chief Executive Officer
NIIT Limited |
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| "NIIT's business lines continued to show traction during Q1. While CLG acquired 5 new MTS customers during the quarter, SNC's Go forward Businesses grew at 15% YoY. StackRoute and TPaaS (Talent Pipeline as a Service) continue to demonstrate strong growth momentum." |
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Profit After Tax recorded at Rs. 1090.4 Cr, which includes one-time income on account of divestment of NIIT Limited's shareholding in NIIT Technologies Limited |
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Revenue recorded at Rs. 210.3 Cr; EBITDA up 16% YoY at Rs. 22 Cr |
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Corporate Learning Group (CLG) records revenue visibility of US$ 264 Mn, up 18% YoY |
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Skills & Careers Group (SNC) records 15% YoY growth on Go forward business |
NIIT Limited reported its results for the first quarter ending June 30, 2019. During the quarter, the company recorded a Net Revenue of Rs. 210.3 Cr. EBITDA was recorded at Rs. 22 Cr, up 16% YoY at an Operating Margin of 10.4%, up 159 bps YoY. Profit After Tax recorded at Rs. 1090.4 Cr, which includes one-time income on account of divestment of NIIT Limited's shareholding in NIIT Technologies Limited
The results were taken on record at the meeting of the Board of Directors held today.
The Board took note of the Closing of the transaction for sale of NIIT's stake in NIIT Technologies Limited. The transaction was closed on May 17, 2019 after necessary approvals. NIIT Ltd. received gross proceeds of Rs. 2020.4 Cr. in cash on Closing.
The Board constituted a committee to make recommendations for utilization of proceeds for rewarding shareholders in the most efficient and judicious manner, subject to statutory limits and necessary approvals, and after providing for transaction related costs, taxes, retirement of debt, growth capital and a prudent Indemnity reserve.
On May 25, 2019, the Board had proposed a Dividend of Rs. 5 per share and constituted a committee to make recommendations for utilization of proceeds for rewarding shareholders, subject to statutory limits and necessary approvals, and after providing for transaction related costs, taxes, retirement of debt, growth capital and a prudent Indemnity reserve.
Based on the recommendation of the committee, the Board has approved a proposal to buyback up to 2,68,00,000 (Two crore sixty eight lakh) Equity Shares from the shareholders of the Company at Rs. 125 per share, representing approximately 16% of the total paid up equity share capital for an aggregate amount not exceeding Rs. 335,00,00,000 (Three hundred and thirty five crore).
Corporate Learning Group (CLG) recorded net revenue of Rs. 152.4 Cr. CLG signed 5 new Managed Training Services (MTS) contracts in Q1, taking MTS customers tally to 49. CLG recorded revenue visibility of US$ 264 Mn, up 18% YoY.
During the quarter NIIT was selected as a 2019 Top 20 Gamification Company for the sixth consecutive year by TrainingIndustry.com. Training Industry continuously monitors the training marketplace looking for the best providers of gamification services/ technologies in support of corporate learning and development.
Skills & Careers Group (SNC) recorded net revenue of Rs. 51.7 Cr during Q1. The SNC Go forward business grew by 15% YoY. The India business grew for the second successive quarter driven by growth in TPaaS (Talent Pipeline as a Service) and StackRoute.
The Skills & Careers Group announced the #FutureReadyTalent initiative to empower aspiring professionals through future ready programs. As part of this initiative, NIIT is conducting seminars in 15 cities across India, wherein successful leaders from diverse fields share their experiences with the youth, making them aware about the importance of new-age future ready careers. In addition, a focused industry round table discussion was also organized at the India Habitat Centre in Delhi, with thought leaders and CXOs under this initiative.
During the Quarter NIIT bagged the ASSOCHAM Education Excellence Awards 2019 as the 'Best Innovative Brand' in the Education sector. NIIT has received the award for company's continuous effort to offer new-age Career Programs to address the changing workforce requirements of the industry.
MindChampion Learning Systems Limited (MLSL) registered net revenue of Rs. 6.2 Cr.
Awards & Acknowledgements:
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NIIT ranked among the Top 20 Training Outsourcing Companies by TrainingIndustry.com 2019 for the twelfth consecutive year. |
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StackRoute, a digital transformation partner for corporates to build multi-skilled full stack developers at scale, has won the 'Digital Transformation Learning Partner of the Year for Enterprises' award at Digital Transformation Summit & Awards. |
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NIIT named to 2019 Training Industry Top 20™ List in Content Development for the ninth consecutive year. |
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NIIT has been listed among the Top 20 Highest-Performing Learning Providers 2019 by the Learning and Performance Institute, UK. |
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NIIT announces 'Future Ready Talent' - an initiative to skill today's youth for
the jobs of the future |
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NIIT Limited announced 'Future Ready Talent' an initiative to encourage aspiring professionals to enhance their knowledge through future ready programs, together with their regular academic curriculum. As part of this initiative, NIIT will conduct seminars nationally across 26 centres in India, in the month of July, wherein successful leaders from diverse fields will share their experiences with the youth, making them aware about the importance of new-age future ready careers.
According to the Future of Jobs Report (World Economic Forum), jobs in digital technology will grow from 17 % in 2018 to 33 % in 2022. Estimates have indicated that 75 million jobs may be displaced by a shift in the division of labour between humans and machines, while 133 million new roles may emerge that are more adapted to this model. This demonstrates a huge requirement of skilled employees for futuristic industry 4.0 job roles.
Towards this, NIIT offers new age programs in Digital Marketing and Branding, Data Analytics and Predictive Modelling, Full Stack Product Engineering, Banking and Finance and Accounting & Business Analytics.
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| NIIT bags ASSOCHAM Education Excellence Awards 2019 |
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Mr. Bimaljeet Singh,
Skills and Careers Business (India), NIIT Ltd. |
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| "NIIT has always been focused towards providing Industry-ready learning solutions that allows students, working professionals to seize the best career opportunity, as well as enterprises to solve their learning & development needs. This award is a recognition of our efforts and will further encourage us to constantly innovate, to bridge the skill gap." |
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Acknowledged for 'Best Innovative Brand' in the education sector
NIIT Limited bagged the ASSOCHAM Education Excellence Awards 2019 as the 'Best Innovative Brand' in the Education sector. NIIT has received the award for company's continuous effort to offer new age Career Programs to address the changing workforce requirements. The award was received by Shakera Roy, General Manager, Skills and Careers Group, NIIT Ltd. at a recent ceremony organized at Hotel Hyatt Regency, Kolkata.
Over the last 38 years, NIIT has contributed extensively to the IT sector by impacting over 35 million learners in IT and other disciplines. During the previous year, NIIT introduced first-of-its-kind strategic initiative - Talent Pipeline as a Service (TPaaS), to ensure reliable availability of specifically skilled talent to global organizations to match the pace of expansion in today's fast changing, uncertain business environment. The company has also announced the launch of series of aspirational Career Programs guided by the choices of the industry to address the changing workforce needs of today's youth to make them future ready professionals.
Further, NIIT has incubated, StackRoute, as a digital transformation partner for corporates to build multi-skilled full stack developers at scale. StackRoute works with multiple tier 1 IT services companies, product engineering companies and GICs.
Ms. Perminder Jeet Kaur, Director, ASSOCHAM said, "NIIT has been playing a pioneering role in shaping the education and training sector through its innovative learning solutions. This award is an acknowledgment of NIIT's commitment towards creating industry ready talent for the future".
ASSOCHAM as an apex chamber of the nation has been regularly engaging itself with the policy makers, education bodies, social organizations, international agencies, Institutes of Excellence to bring the desired reforms in the education sector for building an eco-system of sustainability both socially and economically. The apex chamber has undertaken many initiatives to bring reforms in education especially in the country's need to improve quality from early year on, the gross enrollment ratio in higher education, employability and skill development.
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NIIT Named to 2019 Training Industry Top 20 Gamification Companies List
for the Sixth Consecutive Year |
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Dr. Gregg Collins
Chief Learning Scientist at NIIT |
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| "We are honored to be selected as a Top 20 Gamification company for the sixth consecutive year. Our team of Triple-A gaming professionals combine over 100 years of experience developing titles for the biggest studios in the world. We are developing the next generation of serious games, simulations, augmented, virtual, and mixed reality experiences for learning at our state-of-the-art Digital Reality Center." |
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NIIT Limited announced that it has been selected as a 2019 Top 20 Gamification Company for the sixth consecutive year by TrainingIndustry.com. Training Industry continuously monitors the training marketplace looking 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:
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Gamification features and capabilities |
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Innovativeness of offerings |
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Company size and growth potential |
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Quality and number of clients/users |
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Awards, recognition and competitive differentiation |
"This year's Top 20 Gamification Companies continue to showcase the latest gaming designs and concepts to corporate training, making them engaging and entertaining for the learner, while focusing on moving the needle on their clients' KPIs" said Ken Taylor, President of Training Industry, Inc.
View the 2019 Top 20 Gamification Companies list here.
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StackRoute a digital transformation partner for corporates by NIIT
recognized as Digital Transformation Learning Partner of the Year
for Enterprises |
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Bimaljeet Singh,
President, Skills and Careers Business (India), NIIT Ltd, |
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| "StackRoute today has created a niche for itself as the product engineering start-up providing disruptive learning solutions. This award is recognition of our efforts and will further encourage us to constantly innovate and create a globally competitive workforce for the emerging economy". |
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StackRoute, a digital transformation partner for corporates to build multi-skilled full stack developers at scale, has won the 'Digital Transformation Learning Partner of the Year for Enterprises' award at Digital Transformation Summit & Awards. The award was received by Bimaljeet Singh, President, Skills and Careers Business (India), NIIT Ltd, at a recent ceremony organised at The Hilton, Mumbai.
The Digital Transformation Summit & Awards brings together leaders spearheading digital initiatives in their organisations, helping businesses accelerate their digital capabilities at an astonishing rate to gain a competitive edge. The theme of the conference was Collaborate: Innovate: Accelerate.
The event was organized by Transformance Business Media, that honours the achievements of organizations that have successfully planned and executed the digital transformation of one or multiple areas of their business through the application of digital and disruptive technologies.
StackRoute® is an NIIT incubated venture. Established in August 2015, StackRoute runs programming, quality-engineering, data-science and digital architect series bootcamps. StackRoute programs are designed to be outcome oriented and deliver business relevant outcomes in consultation with key customer stakeholders. As the digital skills transformation partner of choice, StackRoute works with large IT services companies and product engineering companies in helping them build a multi-skilled high performing team of full stack developers.
StackRoute focuses on full stack technologies (Java Spring, .NET Core, JavaScript – MEAN/MERN), emerging architectures and design trends in the Digital Ecosystem. Its graduates work on complex full stack web applications built around microservices, stream computing, distributed real time event processing, machine learning, natural language processing. StackRoute emphasizes the design & development of reactive and performant applications.
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| NIIT announces 20th National Scholarship in Nigeria |
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Sanjay Tickoo,
Head, International Education Business – Emerging Markets, NIIT Ltd. said, |
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| "The major drivers of transformation, currently affecting global industries, are expected to have a significant impact ranging from job creation to job displacement, from heightened labour productivity to widening skills gaps. With new job roles emerging in the country, students trained in futuristic industry 4.0 technologies can meaningfully contribute to the growth of the country and thus carve a successful career for themselves. To accomplish this, we have introduced futuristic cutting-edge programs for Nigerian students to train them for the jobs of future." |
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Offers latest in-demand new-age technology programs in Data Analytics, Internet of Thing (IoT), Machine Learning (ML) with R & Python, Artificial Intelligence (AI), Business Intelligence (BI), Digital Marketing, diginxt MMS-Full Stack Developer to train students with Digital Skills for employability and to be relevant in the Digital Age.
NIIT, a global leader in skills and talent development announced the 20th National Scholarship, to reward and encourage meritorious students in Nigeria desirous of building successful careers in Industry 4.0. This year the annual scholarship test will be held on Saturday, 13thJuly 2019, across the country.
Industry 4.0 is the vision of transforming industrial production of the future, which makes it possible to automate, gather, analyze and exchange data across machines, enabling faster, flexible, and more efficient decisions making process by using IOT, R & ML, Python & ML, AI, BI, Block Chain etc.
According to the Future of Jobs Report (World Economic Forum), jobs in digital technology will grow from 17 % in 2018 to 33 % in 2022. Estimates have indicated that 75 million jobs may be displaced by a shift in the division of labour between humans and machines, while 133 million new roles may emerge that are more adapted to the new division of labour between humans, machines and algorithms. This demonstrates a huge requirement of skilled employees for futuristic industry 4.0 job roles.
Aligned to needs of the futuristic industry 4.0 technologies, NIIT has introduced scholarships for cutting-edge programs in Industry 4.0 technologies like Internet of Thing (IoT), Machine Learning (ML) with R & Python, Artificial Intelligence (AI), Business Intelligence (BI), Data Analytics, Big Data, diginxt MMS-Full Stack Developer, Digital Marketing and other programs. These programs have been introduced by NIIT with a profound understanding of the changing job roles which are powering the digital economy.
Since the inception in 1999, NIIT Scholarships have become one of the most awaited events in the annual events calendar of the country. More than 100,000 students have benefitted from the scholarship so far.
For more information, students can visit www.niit.com/nigeria.
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