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 Q2 (July - Sept 2020) |
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| Insight@NIIT:Vol 48 |
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| Investor Communication |
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| NIIT Limited announces Q2 (July - September 2020) Consolidated Results |
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Vijay K Thadani
Vice Chairman & Managing Director, NIIT Limited |
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| “The organisation demonstrated tremendous resilience to strengthen its market position and improve operational efficiency, while accelerating the pace of Digital Transformation in all aspects of the business”. |
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Revenue recorded at Rs. 218.9 Cr, up 8% QoQ |
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EBITDA at Rs. 34.4 Cr, up 41% QoQ; EBITDA Margin at 16% up 367 bps QoQ |
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Corporate Learning Group (CLG) records revenue growth of 9% QoQ and EBITDA margin of 20% |
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CLG signed up 2 new MTS Customers, 2 contract expansions and 2 renewals |
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CLG ends the quarter with 56 MTS customers and revenue visibility at $ 259 Mn |
*Note 1: The results of previous year have been restated for a Like-to-Like comparison in accordance with Accounting Standards.
NIIT Limited reported its results for the second quarter ending September 30, 2020. During the quarter, the company recorded Net Revenue of Rs. 218.9 Cr. EBITDA was Rs. 34.4 Cr. up 18% YoY and the EBITDA margin stood at 16%, up 322 bps YoY. Profit After Tax was recorded at Rs. 26.0 Cr, reflecting an EPS of Rs. 1.84 per share.
The organisation transitioned learning delivery to NIIT Digital, moved to seamless work-from-home to ensure continuity and launched new offerings catering to the evolving requirements of its customers and learners.
During the quarter Rajendra S Pawar, Chairman & Co-Founder, NIIT Group & Founder, NIIT University was felicitated with the 'Lifetime Achievement Award' at Dataquest ICT Awards 2019. The award was presented during a Special Webinar on ‘40 Years of ICT Industry and the Next 10 Years’.
Corporate Learning Group (CLG) recorded net revenue of Rs. 194.1 Cr, up 9% QoQ and 12% YoY. CLG added two new managed training services customers (one customer in the Telecom sector and another in the FMCG sector) and expanded its relationship with two existing clients while renewing contracts with two additional customers. The number of MTS customer tally stands at 56 and Revenue Visibility at the end of the quarter was at $ 259 million.
NIIT earned 30 coveted Brandon Hall Group HCM Excellence awards jointly with customers, during the quarter. The awards include prestigious honors for its Eagle Productivity Solutions and StackRoute divisions.
Skills & Careers Group (SNC) recorded net revenue of Rs. 24.7 Cr during Q2. The India business is starting to see recovery driven by StackRoute and TPaaS (Talent Pipeline as a Service) which grew 77% QoQ. SNC has transitioned its customers to the NIIT Digital platform.
StackRoute announced the launch of new line of programs in Data Engineering. Titled, ‘Enterprise Big Data Engineering & Machine Learning using Spark’ and ‘Enterprise Big Data Engineering using Databricks & Delta Lakes’ - these programs help enterprises to equip their workforce having prior experience in data projects, with steps and tools for designing and solving business challenges that fall in the category of Data Analysis and Big Data.
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NIIT Nagpur Centre completes 30 glorious years |
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- Announces the launch of an Employment Enhancement Program for college students
- Introduces virtual Future Ready programs for students through NIIT digital on the occasion of 30th anniversary of the Nagpur Centre
NIIT Limited, a global leader in skills and talent development, announced the launch of virtual ‘FutureReady Fest’, an initiative to encourage students to enhance their knowledge on new-age skills through future ready programs, together with their regular studies and academic curriculum. The launch was announced by Ms. Rina Sinha, NIIT Nagpur, on the occasion of 30th anniversary of the Nagpur Centre.
The Future Ready programs will be delivered through NIIT digital platform. Through NIIT Digital, learners are able to access their learning plans and all associated content and services through an intuitive dashboard on connected Desktops/ Tabs/ Smartphones.
In addition to this, NIIT Nagpur has launched an Employment Enhancement Program for college students that will help prepare them for better placement opportunities. The program will train students for essential skills required in the professional world and groom student for interview process handling.
Over the last 30 years, NIIT Nagpur has trained and placed hundreds of students from the city in leading corporates like Infosys, Capgemini, Wipro, Astral, ICICI Bank, Persistent Systems Ltd, Infocepts, e Caliber, Muthoot Finance, to name a few. Taking a step forward, NIIT will now offer futuristic career programs guided by the choices of the industry to address the changing workforce needs, and help create job-ready talent pool for the fast evolving global economy.
To celebrate the momentous occasion, NIIIT Nagpur organised a webinar wherein the NIIT Nagpur students shared their success stories through a digital platform on 1st September 2020. NIIT management, Distinguished Alumni and former NIIT employees (Forever NIITians) attended the webinar.
Established in the year 1990, NIIT Nagpur offers training programs in Software Engineering, Curriculum support and New Skill Enhancement Programs in IT, BFSI, Management, Corporate Learning, Govt. and State Programs from NIIT amongst others. The centre will also provide new age career programs in Digital Marketing and Branding, Data Analytics and Predictive Modelling, Full Stack Product Engineering, Banking and Finance and Accounting & Business Analytics. These programs will build awareness in today’s aspiring professionals about the new possibilities and provide them with an opportunity to develop and grow in the field of their choice. |
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| StackRoute announces programs in Data Engineering to meet the Enterprise Big Data requirement of the industry |
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Bimaljeet Singh Bhasin,
President, Skills and Careers Business, NIIT Ltd., |
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| “Having worked with leading Technology Companies, StackRoute has created a niche for itself as the go-to organisation for disruptive learning solutions and helping enterprises build Tech Professionals with deep skills. We are happy to launch theses data engineering programs, designed to further the endeavour of many organizations in building ‘Big Data Engineers’ with strong foundations in key software engineering principles and skilled in building scalable enterprise data pipeline”. |
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- Offers two new programs targeting Enterprise Big Data Engineering skill set
- Both the programs build a strong foundation on Big Data, Scala Programming and Apache Spark followed by the respective specialization of Spark ML or Databricks
StackRoute™, an NIIT venture announced the launch of programs in Data Engineering. Titled, ‘Enterprise Big Data Engineering & Machine Learning using Spark’ and ‘Enterprise Big Data Engineering using Databricks & Delta Lakes - these programs help enterprises to equip their workforce having prior experience in data projects, with steps and tools of designing and solving business challenges that fall in the category of Data Analysis and Big Data using modern Data Architectures like delta architecture.
While the Enterprise Big Data Engineering & Machine Learning using Spark program will empower professionals with the skills to scale Data Science and Machine Learning task on Big Datasets using Apache Spark, the Enterprise Big Data engineering using Databricks & Delta Lakes program will establish strong foundations in key big data pipeline using Azure Databricks - an Apache Spark based analytics platform optimized on Microsoft Azure Cloud.
These programs seek to establish strong foundations in key software engineering principles, methodologies, and to impart skills in building scalable enterprise data pipeline for analysis using Apache Spark- a cluster computing system well suited for large scale machine learning tasks.
The programs will be delivered on weekends via Live Practitioner-led sessions with remote Cloud based lab facility. The average duration of each program is 8-9 weekends with 150 hours of learning effort.
The Enterprise Big Data Engineering & Machine Learning using Spark program covers three most popular ML algorithms, and indispensable to those building ML based analytical solutions - Decision Trees, Clustering and Regression.
The Enterprise Big Data Engineering using Databricks & Delta Lakes program covers Data Lakes, which is a required skill in the industry today and gaining popularity, yet to cover in many Apache Spark courses. The program covers integration with Delta Lake - an open source implementation of Data Lake- using Apache Spark.
According to NASSCOM, the Indian Analytics industry will reach $16 billion mark by 2025. The growth is already evident and has with more than 90,000 analytics professionals in the market at present. Various industry report highlight about acute talent shortage in the area of Big Data Engineering and the area is emerging as a prized career option.
Over the past 5 years StackRoute has been committed towards delivering disruptive learning solutions, producing highly skilled and deployment ready talent in emerging tech and digital roles. Recently StackRoute was awarded with Brandon Hall Group HCM Excellence award 2020, jointly with a leading independent IT and business consulting services firm. The Gold medal has been awarded under the category - “Best Use of Blended Learning” for Graduate Transformation Program. Additionally, StackRoute has won Brandon hall Silver award for ‘Best Results of a Learning Program’ jointly with the world’s leading engineering company in aerospace.
For more information about the program visit: https://www.stackroute.in/enterprise-big-data-engineering
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| NIIT Earns 30 Brandon Hall Awards Jointly with Customers |
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NIIT Limited, a global skills and talent development company and leading provider of managed training services, announced today that it has earned 30 coveted Brandon Hall Group HCM Excellence awards jointly with customers. The awards include prestigious honors for its Eagle Productivity Solutions and StackRoute divisions. The Brandon Hall Group Excellence awards are awarded for excellence in Corporate Initiatives, Learning, Talent Management, Sales Performance, Leadership Development, Talent Acquisition and Workforce Management.
NIIT earned 30 awards in various categories jointly with customers for 2020 including:
16 Gold awards
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Best Program for Sales Training and Performance jointly with MetLife for MetLife Distribution Academy |
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Best Sales Onboarding Program jointly with MetLife for MetLife Distribution Academy |
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Best Use of Blended Learning jointly with MetLife for MetLife Distribution Academy |
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Best Unique or Innovative Sales Training Program jointly with MetLife for MetLife Distribution Academy |
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Best Advance in Creating a Learning Strategy jointly with MetLife for MetLife Distribution Academy |
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Best Advance in Creating an Extended Enterprise Learning Program jointly with MetLife for MetLife Distribution Academy |
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Best Advance in Learning Measurement jointly with MetLife for MetLife Distribution Academy |
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Best Advance in Learning Technology Implementation jointly with MetLife for MetLife Distribution Academy |
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Best Unique or Innovative Learning and Development Program jointly with MetLife for MetLife Distribution Academy |
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Best Use of Blended Learning jointly with CGI for the Graduate Transformation Program by NIIT StackRoute |
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Best Use of Blended Learning jointly with The World Food Programme of the United Nations for WFP Supervisory Skills Programme |
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Best Advance in Competencies and Skill Development jointly with The World Food Programme of the United Nations for WFP Supervisory Skills Programme |
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Best Advance in Leadership Development jointly with The World Food Programme of the United Nations for WFP Supervisory Skills Programme |
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Best Use of Games and Simulations for Learning jointly with Royal Dutch Shell for Trading and Supply: Interactivity 1 & 2 |
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Best New Hire Onboarding Program category jointly with IQVIA for Monitoring Performance Training |
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Best Advance in Custom Content jointly with Gilead Sciences for Gilead National Meeting G360 Refresher Training Pre-Work by NIIT’s Eagle Productivity Solutions division |
5 Silver Awards
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Best Advance in Custom Content jointly with Equinor for Toxic Substance Control Act |
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Best Advance in Custom Content jointly with ABB for Ergonomics |
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Best Use of Video for Learning jointly with IQVIA for Negotiation Skills |
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Best Results of a Learning Program jointly with Boeing for Full-Stack Product Engineer Accelerated Experience by NIIT StackRoute |
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Best Use of Mobile Learning jointly with MetLife for MetLife Distribution Academy |
9 Bronze Awards
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Best Advance in Custom Content jointly with Royal Dutch Shell for Crisis Management and Social Media |
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Best Use of Blended Learning jointly with Royal Dutch Shell for Accelerated Commercial Excellence Course |
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Best Unique or Innovative Learning and Development Program jointly with Royal Dutch Shell for Contracting Principles and Litigation Risks Awareness |
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Best Use of Blended Learning jointly with IQVIA for Monitoring Performance Training |
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Best Advance in Custom Content jointly with IQVIA for Consultative Selling |
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Best Advance in Custom Content jointly with Sunsuper for Key Polices |
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Best Advance in Custom Content jointly with Rio Tinto for Gove Operations General Induction |
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Best Use of Virtual Worlds for Learning jointly with Sanofi for Virtual Gowning VR Simulation |
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Best Program for Sales Training and Performance jointly with Pitney Bowes for Challenger Sales Integration |
The winners are listed at https://www.brandonhall.com/excellenceawards/past-winners.php
“Organizations around the world highly value Brandon Hall Group Excellence Awards – so much so that we received a record number of applications in the middle of a global pandemic,” said Rachel Cooke, Brandon Hall Group COO, and leader of the HCM Excellence Awards Program. “The awards provide valuable recognition and validation of best practices in all areas of HCM at a time when they have never been more important to both employers and employees.”
Award entries are evaluated by a panel of veteran, independent senior industry experts, Brandon Hall Group analysts and executives based upon the following criteria: fit the need, design of the program, functionality, innovation and overall measurable benefits.
Excellence Award winners will be honored at Brandon Hall Group’s annual HCM Excellence Conference, January 26-28, 2021 at the Hilton West Palm Beach, Florida.
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| Rajendra S Pawar felicitated with ‘Lifetime Achievement Award’ by Dataquest |
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Rajendra S Pawar,
Chairman & Co-Founder, NIIT Group & Founder, NIIT University |
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| “Among the dark clouds of Covid, this award is a silver lining. Thanks to Cybermedia’s special way of celebrating through a digital platform, it has become possible for me to reach many of my mentors, colleagues, relatives and friends. I receive this award on behalf of NIIT leaders including Vijay Thadani, P Rajendran and Arvind Thakur, as well as thousands of colleagues of the NIIT family, NIITians of the past and NIITians of the present who put Organization Building above all else”. |
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- Industry leaders come together to applaud Mr Pawar’s contribution to the IT sector over past 40 years
-Special Webinar on ‘40 Years of ICT Industry and the Next 10 Years’ by Dataquest
Rajendra S Pawar, Chairman & Co-Founder, NIIT Group & Founder, NIIT University was felicitated with the 'Lifetime Achievement Award' at Dataquest ICT Awards 2019 on 18th August 2020. The award was presented during a Special Webinar on ‘40 Years of ICT Industry and the Next 10 Years’.
At the Dataquest ICT Conference & Awards 2019, Mr Pawar was felicitated with the award for his immense contribution in shaping the growth of the Indian IT sector. Awarded with the country’s prestigious civilian honour, Padma Bhushan, by the President of India in 2011, Mr Pawar has played a leadership role in nurturing NIIT into a leading Global Talent Development Corporation.
The key highlight of the award ceremony was the panel discussion on ‘40 Years of ICT Industry and the Next 10 Years’. The panel comprised of eminent leaders from the IT industry including Arjun Malhotra, Chairman of Jury, Co-Founder HCL; CP Gurnani, Member of Jury, CEO Tech Mahindra; Rajendra S Pawar, Chairman & Co-Founder, NIIT Group & Founder, NIIT University; the session was moderated by Pradeep Gupta, Chairman, CyberMedia Group.
The key highlight of the award ceremony was the panel discussion on ‘40 Years of ICT Industry and the Next 10 Years’. The panel comprised of eminent leaders from the IT industry including Arjun Malhotra, Chairman of Jury, Co-Founder HCL; CP Gurnani, Member of Jury, CEO Tech Mahindra; Rajendra S Pawar, Chairman & Co-Founder, NIIT Group & Founder, NIIT University; the session was moderated by Pradeep Gupta, Chairman, CyberMedia Group.
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Congratulating Mr Pawar on the achievement, N. Chandrasekaran, Chairman, The Tata Group, “Raji is a true pioneer. He is a true educationist at heart. He helped shape the IT policy in India and around the world. His contribution to education, the IT industry and the nation is enormous. He is a role model for many young entrepreneurs, teaching them to take a premise, build on it and bring it into reality”.
Watch Video message here: https://www.youtube.com/watch?v=wuJk8MxeQAA&list |
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“Rajendra Pawar set up NIIT University a few years ago and wanted me to be its Chancellor, and I agreed. It was a green field university, there was nothing there at all. But in ten years, I saw the way the University came up, bit-by-bit, little-by-little. Every year when I went, I could see the new construction. Under the guidance of Rajendra Pawar and his excellent team of technologists and intellectuals, this has become one of the very visible technological universities of the world. Raji has made many contributions—through NIIT, and through the University—to the tech scene. I hope he goes from strength-to-strength” said Dr. Karan Singh, former Chairperson, NIIT University and former Member of Parliament.
Watch Video message here: https://www.youtube.com/watch?v=rxqyDiNzL5M&list
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Viswanathan Anand, five time World Chess Champion and former NIIT Brand Ambassador said, “The first thing that I noticed about Raji was his passion for education in overcoming the Digital Divide. For him computers were not only about IT, they were about education. I remember in 2000 he had a conversation with the President of the World Chess Federation who mentioned that in his region they had introduced Chess in schools and it had produced much better academic outcomes for his students. And Raji’s eyes lit up. Within a year we launched the MindChampion’s Academy and quite a few champions have emerged from it”.
Watch Video message here: https://www.youtube.com/watch?v=YccfpIx1JBE&list
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“Raji you have been a friend, philosopher and guide to NASSCOM. You have been part of our Executive Council, and the past Chairman of NASSCOM. Even today, you continue to find time for us as Chairman of the Data Security Council of India. Raji your contributions and insights are always invaluable. The ability to get into the depth of specific subjects, your attention to detail and the willingness with which you make yourself available whenever we need you, means a lot to us”, said Debjani Ghosh, President, NASSCOM.
Watch Video message here: https://www.youtube.com/watch?v=LHWRJHN0zBo&list
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Rishad Premji, Chairman, Wipro Limited, “Thank you Raji for giving me the opportunity to share in your success on this celebratory milestone. Congratulations on your successful run for these many decades, for the things you have done for the education industry, the technology industry, and NASSCOM. It’s been a real pleasure to get to know you and engage with you over these last many years. I hope you go from strength to strength and I wish you all the best”.
Watch Video message here: https://www.youtube.com/watch?v=gwL8RcQTm1k&list
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C.P. Gurnani, CEO and MD, Tech Mahindra said, “The best of Raji is yet to come and we want to be there as cheerleaders”.
The Dataquest ICT Awards, the “The Oscars of Indian ICT”, have been commemorating, since 26 years, noteworthy contributions to the Indian ICT Industry. CyberMedia, through the Dataquest ICT Awards, aims at acknowledging and celebrating industry leaders who have changed the course of the Indian IT industry, and enabled the country to witness new heights. |
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“We are very happy and proud to confer the ‘Dataquest Lifetime Achievement Award 2019’ on Rajendra Pawar, Chairman & Co-Founder NIIT, and Founder, NIIT University. His pioneering vision has been an inspiration for the entire ICT Industry in India and has given back so much to our country and the society at large. His achievements and initiatives will always be a guiding force for the ICT industry”, said Pradeep Gupta, CMD, CyberMedia. |
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| News@NIIT |
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