• Q1 PAT up 32 % YoY at Rs. 13 Cr on a Net Revenue of Rs. 278 Cr
• School Learning Solutions records order intake of Rs. 158 Cr; Adds 1,231 schools
• Corporate Learning Solutions records order intake of USD 34 Mn
• China revenue grows 32% YoY

NIIT Limited reported a Profit after Tax of Rs 13 Cr for the first quarter, representing a 32% growth YoY.

The Company’s Net Revenue stood at Rs. 278 Cr, up 7% YoY with System Wide Revenue growing by 9% YoY to Rs. 401 Cr. The EBITDA was at Rs. 28.7 Cr reflecting a margin of 10%.

The results were taken on record at the meeting of the Board of Directors of NIIT Limited here today.

NIIT Limited : Consolidated Financials at a Glance (in Rs Cr)
	Qtr ended Jun 30,‘09	Qtr ended Jun 30,‘10	Growth YoY
Global System-wide Revenue	368.8	401.3	9%
Net Revenue	261	278	7%
Profit After Tax	9.9	13.0	32%

During the quarter NIIT launched training programs on Microsoft’s Azure platform, with a view to create talent for the fast growing cloud computing space. Under the ‘Global Partnership’ program with IGNOU, a series of ‘finishing school programs’ for enhancing employability were launched.

Corporate Learning Solutions (CLS) recorded a net revenue of Rs. 137.7 Cr. Order intake for CLS was at USD 34 Mn for the quarter as a result of significant customer wins in Learning Products and Managed Training Services. The closing order book stood at USD 93 Mn, up 15 % YoY.

Individual Learning Solution (IT) recorded a net revenue of Rs 90.8 Cr, supported by 8 % increase in global enrolments. Placements grew at 14% YoY on the back of improving hiring. A revenue growth of 32% was recorded in China individual business.

New Businesses led by Finance & Management Training (FMT) recorded a 122% YoY growth in revenue. Enrolments in FMT business witnessed a growth of 125% YoY during this quarter. Institute of Finance, Banking and Insurance (IFBI) added 4 more banking partnerships, while NIIT Imperia launched an Executive MBA Program for Working Professionals in partnership with IGNOU.

School Learning Solutions (SLS) recorded a net revenue of Rs 38.4 Cr backed by fresh order intake of Rs 158.6 crores, representing an addition of 1,231 schools during the quarter. NIIT launched the ‘Mobile Science Lab’, an innovative learning solution which integrates Science Lab with classrooms.

Other Highlights of Q1:

• Element K wins the Brandon Hall Silver Excellence Award for blended learning
• NIIT (US) Accepts Honors for Learning and Talent Management Solution at Bersin Impact 2010 Conference
• NIIT (US) ranks amongst Top 10 Training & Learning Business Process Outsourcing Vendor in – Black Book of Outsourcing
• NIIT Vietnam bags the ICT GOLD MEDAL, consecutively for the 5th time and ICT TOP 5 for the year 2010
• NIIT HiWEL wins the prestigious Mac Arthur Digital Media and Learning Award
• NIIT MindChampion Viswanathan Anand became the World Chess Champion for the 4th time. NIIT’s association with World Chess Champion, Viswanathan Anand, including contractual extensions, is the longest running Brand Ambassador contract in the history of Indian sport.
  

NIIT brings Mobile Science Labs into Classrooms

World Chess Champion Viswanathan Anand emphasizes on 24*7 experiential learning of Science for School children

Showcases Latest Technology Innovation for Classrooms of Tomorrow

NIIT, in association with Fourier Systems, a worldwide leader in science education, demonstrated Mobile Science Lab for schools- an innovative learning solution which integrates Science Lab with classrooms. World Chess Champion and NIIT MindChampion Viswanathan Anand unveiled this revolutionary solution in seminars conducted in Delhi, Bangalore and Mumbai, highlighting the importance of 24*7 experiential learning. Also present were Sanjiv R Pande, President, School Learning Solutions & HiWEL, NIIT Ltd, Ms. Tamar Antokol, Director – Sales, Fourier Systems and Mr.Yariv Baryam, VP Sales & Marketing Fourier System.

NIIT and Fourier Systems entered into an alliance to make Mobile Science Lab available to students in India. As part of this partnership, NIIT will make available technology-enabled learning solution to explore science through computer-aided experimentation, while Fourier Systems will offer NOVA 5000 science data logger with a vast range of science probes for capturing relevant data and several other innovative solutions for learning of science. The product will be made available through NIIT to schools across India. NIIT has worked to customize the solution for use in Indian schools. The solution now covers a wide range of subjects like Physics, Chemistry, Biology and Environmental Sciences. More than 210 experiments from NCERT defined curriculum can be performed.

Mobile Science Lab is a portable laboratory thatrevolutionizes the way Science is taught and learnt. NIIT eGuru Mobile Science Lab makes teaching and learning of Science interactive, interesting and enjoyable. The product fosters students’ higher order thinking skills like question posing, inquiry, scientific thinking and enhances students’ confidence.

NIIT Launches Training on Microsoft Azure Platform

To Build Human Asset Pool, Skilled to Develop Cloud Ready Application

NIIT, leading Global Talent Development Corporation and Asia’s largest IT trainer, has now launched cutting edge training program on Microsoft AZURE Platform. This significant initiative by NIIT will allow students to look at the next generation development opportunities and job roles as ‘SaaS’ (Software As A service) becomes more prevalent and applications are created for the Cloud.

NIIT and Microsoft have been working together for over two decades on several successful programs and campaigns in the IT education domain, which have benefited individuals and enterprises alike. Further strengthening the association, NIIT now introduces training programs on MS Azure, a technology platform that is set to drive the Cloud momentum. A large talent pool of skilled manpower with the ability to develop “Cloud Ready Applications” is key to the success of this momentum.

NIIT’s programs on “Azure” will help Developers and IT Professionals to adopt the Cloud Strategy and Technology and be ready for this Shift. NIIT will introduce these programs in India and 40 countries globally.

Perceiving huge potential in Could and Azure, NIIT is launching programs leading up to certification on the “Azure” technology platform over the next few months. This initiative will create a substantial “Human Asset Pool” which will help the Industry adopt the Platform and seize new opportunities globally.

IGNOU and NIIT Launch Executive MBA Program for Working Professionals

‘Finishing School Programs’ for Skill building and Enhancing Employability and ‘BSc (IT)’ for international markets, launched simultaneously

IGNOU- world’s largest Open University and NIIT launched industry-linked Partnership Programs for enhancing employability of the youth. The Partnership Programs were unveiled by Prof. V.N. Rajasekharan Pillai, Vice-Chancellor, IGNOU and Mr. Rajendra S Pawar, Chairman, NIIT. Also present on the occasion were Mr. Shashi Bhushan, Reader, SOCIS, IGNOU; Dr Neeta Kapai, Head, Campus Placement Cell, IGNOU and Mr. G. Raghavan, President-Global Individual Learning Business, NIIT.

Under this significant partnership IGNOU and NIIT will offer cutting edge Executive MBA Program and BSc (IT) for International Markets. Also on offer are a bouquet of Finishing School Programs in BPO training, IT skills and professional skills, designed to make students job ready for the emerging knowledge economy.

The Executive Management Program from IGNOU and NIIT is specially designed and customized for working professionals to equip them with contemporary business management skills and prepare them for career advancement opportunities.

Students’ opting for IGNOU-NIIT programs will get placement support from NIIT. IGNOU will approve admission, design curriculum, consolidate results and award degrees, while NIIT will design and develop the programs in consultation with IGNOU, market the programs and carry out the education delivery as well. The programs will be delivered at NIIT premises through qualified instructors.