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NIIT Limited announces Q1 (April- June 2012) Consolidated Results FY 2012-13

Quarter 1 highlights on a continuing business basis

• Q1 PAT up 110% YoY at Rs. 11.5 Cr
• Net Revenue up 4% YoY at Rs. 227.5 Cr
• Managed Training Services revenue up by 42% YoY
• 267 Private schools added, up 54% YoY

NIIT Limited: Q1 (Apr-Jun, 2012) Consolidated Financials at a glance for Quarter ended June 30, 2012 (in Rs. Crores)
Net Revenue	227.5
EBITDA	11.4
EBITDA %	5%
Profit After Tax	11.5

(In view of the divestment in Element K during FY 2011- 12, the following table represents the YoY comparison on a Continuing business basis)

NIIT Limited : Q1 (Apr – Jun 2012) Consolidated Financials on a Continuing business basis for Quarter ended June 30, 201
	Quarter ended June 30, 2011 (in Rs. Cr)	Quarter ended June 30, 2012 (in Rs. Cr)	Growth YoY
Net Revenue	219.0	227.5	4%
EBITDA	16.7	11.4	(32%)
PAT	5.5	11.5	110%

*Excluding financials of Element K

NIIT Limited reported a PAT of Rs. 11.5 Cr, an increase of 110% YoY for the first quarter ending June 30, 2012. Net Revenue was recorded as Rs. 227.5 representing a 4% YoY growth on a continuing business basis.

During the quarter, Corporate Learning Solutions (CLS) recorded net revenues of Rs. 73 Cr, up 20% YoY. Order intake for CLS grew 22% YoY. Of the total order book, 66% is executable over the next 12 months.

Career Building Solutions (CBS) recorded net revenue of Rs. 107.4 Cr during Q1 on the back of a challenging economic and business environment.

During the quarter, NIIT launched the new GNIIT program, an all-new cloud-centric curriculum to develop future-ready professionals. The new GNIIT program is enriched with the insights from the industry and highlights the life-changing experiences of GNIIT alumni. The program maximizes career opportunities by developing skill-sets for job profiles such as Cloud Applications Developer, Enterprise Application Developer, Business Intelligence Solutions Developer, Server Administrator and Network Administrator.

Slower GDP growth impacted market sentiments. Though the level of interest continued to be high for NIIT courses, conversions were subdued and decisions delayed due to market conditions.

During the quarter, enrolments at NIIT Institute of Finance, Banking & Insurance Training Ltd. (IFBI) grew 85% YoY.

NIIT Imperia registered a growth of 26% YoY in enrolments during Q1. It announced the launch of Executive Program in Corporate Regulations: Legal and Business Implications, in collaboration with Indian Institute of Management Calcutta. The program has been designed to offer in-depth understanding of regulatory and legal framework in business transactions to professionals working in this space.

NIIT Imperia courses were acknowledged as the - ‘Outstanding Blended Course’, at the World Education Congress.

School Learning Solutions (SLS) recorded net revenue of Rs. 47 Cr during the quarter, up 17% YoY.

NIIT’s vocational skills training initiative - NIIT Yuva Jyoti, established in partnership with National Skill Development Corporation (NSDC) added 2 new centres this quarter, taking the total number of centres to 8, with enrolments exceeding 1600 since commencement.

Recognizing the outstanding people practices at NIIT Ltd, the company has recently been rated as No.1 in the Education and Training category and amongst `Top 10 India’s Best Companies to Work for - 2012’, by Great Place to Work Institute.

NIIT unveils ‘The Turning Point’: an all-new Cloud Centric Curriculum to develop future-ready IT professionals

• Presents new GNIIT program enriched with insights from the industry
• Highlights the life-changing experiences of GNIIT alumni

Celebrating 30 years of innovation in the field of IT education and training, NIIT launched ‘The Turning Point’ campaign that unveils a transformational GNIIT program based on an all-new cloud-centric curriculum, enriched with insights from the IT industry.

The latest campaign features NIIT alumni whose lives have changed significantly after successful completion of the industry-endorsed GNIIT program. As a flagship career program of NIIT, GNIIT has been instrumental in shaping the IT careers of students, successfully over the last 20 years.

With inputs from the industry as well as NIIT’s technology partners, the new syllabus is a perfect blend of Core IT skills, Professional skills and Cloud technology. It ensures that the students’ IT knowledge & skills are mapped to the industry requirements and role competencies.

The new GNIIT program maximizes career opportunities by offering programs that lead to exit profiles in diverse fields of IT like - Cloud Applications Developer, Enterprise Application Developer, Business Intelligence Solutions Developer, Server Administrator and Network Administrator.

The new GNIIT syllabus is now based on a Cloud & Collaborative Learning Model. This pioneering initiative takes learning beyond the traditional student-teacher relationship and addresses the needs of today’s generation’s lifestyle and their learning style. It helps seamlessly blend the instructor-led classroom-based learning, virtual classrooms and online learning using Cloud services being offered through NIIT Cloud CampusTM- India’s First Cloud Campus ecosystem.

Furthermore, the technology backed learning environment of NIIT’s Cloud Learning Methodology supports group learning through interactive features like 24x7 lab and e-library access, instant tech updates, interaction with faculty and peers and access to online video streams. Thus the learning process is not just limited to textbooks but is enhanced through group learning.

Arun Benty, Co-founder of Trellysis.net, Social Media & Mobile App Developer, Webby Award Winner (2011), said, "The GNIIT program exposed me to the challenging world of IT and helped me decide my career path. GNIIT is to a great extent responsible for all that I have achieved as an IT professional today. Today, we have several GNIITians apart from me working in our company"

The new GNIIT program prepares students, enrolled in a college, for a successful entry into the professional IT world by making them job-ready, the day they graduate. The program gives students the benefit of a dual qualification, as this program can be pursued along with graduation. GNIIT is a Credit based Curriculum, designed to offer flexibility to students in learning. In other words, the students will have the flexibility to choose courses as per their interest and career goals.

NIIT Imperia and IIM Calcutta collaborate to launch Executive Program in Corporate Regulations: Legal and Business Implications

Executive Program to provide in-depth understanding of regulatory framework in business transactions to working professionals

NIIT Imperia in collaboration with Indian Institute of Management, Calcutta (IIM-C), has announced the launch of Executive Program in Corporate Regulations: Legal and Business Implications for working professionals. The program has been designed to offer in-depth understanding of regulatory and legal framework in business transactions to professionals working in this space.

The Executive Program in Corporate Regulations has been designed for working professionals with minimum one year of experience who require knowledge of Business Laws and Regulations. Professionals working in the areas of joint ventures (JVs), mergers & acquisitions (M&As) and in MNCs which require knowledge of international regulations, can opt for this program.

The programs will be offered in 31 NIIT Imperia centres spread across 20 major cities of the country. Admissions to the programs are open, and the batches will start in July 2012. Students can find details of these programs at http://niitimperia.com/executive-program-in-corporate-regulations or at the toll free number 1800-266-0304.

The key objective of the 6-months program is to deal in detail with regulations in capital and forex markets, IPR, foreign investments etc. The program blends theoretical principles with case studies, experience sharing and best practices. In addition, a mandatory 3-day campus module at IIM Calcutta will be offered at the end of the program.

The Program will give an overview of fundamentals of business law and contracts, corporate laws involving JVs and M&As, law of investment, competition and consumer protection law, labour laws, environment and regulatory challenges, WTO law and development, international dispute resolution, and protection of IPRs (national and international perspective).