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NIIT Limited announces Q2 (July-Sept ’11) consolidated results FY 2011-12

• Revolutionary NIIT Cloud Campus enrolments cross 11,000
• Managed Training Services registers 62% volume growth YoY
• NIIT solutions for schools surpasses 10 million students mark
• NIIT partners with NSDC for vocational skills to train 7 million youth in 10 years
• Net revenue up 11% YoY at Rs.383.8 Cr
• PAT up 6% YoY at Rs.30.2 Cr

For the quarter ending September 30, 2011, NIIT Limited, leading Global Talent Development Corporation and Asia’s largest IT trainer, recorded global system-wide revenue of Rs. 623.5 Cr, an increase of 9% YoY with net revenue of Rs. 383.8 Cr , up 11% YoY. The Company recorded PAT of Rs. 30.2 Cr up 6% YoY.

NIIT Limited : Q2 (July- September, 2011) Consolidated Financials at a glance (in Rs. Cr)
	Quarter ended September 30, 2010	Quarter ended September 30, 2011	Growth YoY
Net Revenue	345.8	383.8	11%
EBITDA	53.2	56.0	5%
EBITDA%	15%	15%
Profit After Tax	28.5	30.2	6%

NIIT continued with its aggressive drive to roll out Cloud Campus across India, by recording 11,000 enrolments for this initiative, since its launch in Q1. One of the most important initiatives of NIIT in recent times, the new-age GNIIT- “India’s first Cloud Campus”, is based on cutting-edge cloud computing technology. Students enjoy higher mobility as they can access educational services using a Netbook or a Mobile device that connects them to NIIT’s Cloud CampusTM network through data cards. This introduces a revolutionary educational paradigm called collaborative learning which fundamentally changes the traditional classroom based, student-teacher relationship.

With a thrust on vocational skills training, NIIT entered into one of the largest public-private partnerships with National Skill Development Corporation (NSDC) to enhance skills and employability of youth across India. Through this partnership it is estimated that around 7 million youth will be trained by 2022, in multi-skilling mode. NIIT will setup over 1500 state-of-the-art NIIT Yuva Jyoti Centres , across 1000 cities in India.

Individual Learning Solutions recorded net revenue of Rs.180.2 Cr, up 12% YoY. This was supported by 11% increase in short term modular enrolments, with India (IT) Placements growing at 15% YoY on the back of continued acceptance of NIIT graduates.

During the quarter, NIIT reaffirmed its leadership position in the IT training space by being ranked as the Dataquest Top IT Training Company 2011, for the 19th consecutive year.

Institute of Finance, Banking and Insurance (IFBI) launched – “BankVantage”- comprehensive career programs in banking, designed and endorsed by the industry. These programs-- Post Graduate Diploma in Banking, Diploma in Banking and Certificate in Banking, will develop first day-first hour ready professionals for the Banking sector.

School Learning Solutions (SLS) recorded net revenue of Rs. 40.5 Cr, up 12% YoY and added 133 schools during the quarter. NIIT crossed a significant milestone this quarter with SLS surpassing the 10 million students mark.

NIIT NGuru- solutions for schools got empanelled by CBSE’s Continuous and Comprehensive Evaluation (CCE) training program for teachers.

Corporate Learning Solutions (CLS) recorded net revenue of 163 Cr, up 10% YoY. Order intake for CLS was at USD 27.9 mn for the quarter. The closing order book stood at USD 77.8 mn, with 62% executable in the next 12 months.

During the quarter the Company strengthened the execution of 6 newly acquired Managed Training Services (MTS) deals, signed in the previous year, worth USD 110 Mn in potential revenue over the next 5 years. MTS itself registered a volume growth of 62% YoY.

In a recent development, NIIT divested its stake in its step-down subsidiary, Element K Corporation and entered into strategic long-term services and licensing agreements with SkillSoft Corporation to expand its MTS business as a key platform for growth. NIIT has already added six clients in the MTS business over the last one year. The cash flow from the sale will allow NIIT to focus on businesses that offer high growth potential, namely - Cloud Campus, Vocational Skills Training (NIIT Yuva Jyoti), School Learning Solutions (NIIT NGuru) & MTS.

Other Highlights of Q1:

• NIIT was voted India’s second most trusted Education brand by Brand Equity-Nielsen Survey 2011
• NIIT collaborated with IBM for Career Education Projects to provide IT industry skilled professionals with experiential learning
• NIIT Bhavishya Jyoti Scholarship (BJS) - 2011 aimed at empowering financially challenged meritorious students with exciting careers in the IT Industry was conducted across India
• NIIT organized India’s first Cloud Scholarship test across seven metros in India
• Showcased Enterprise Learning Solutions at the CLO (Chief Learning Officers) Summit India
• NIIT Foundation launched Career Development Centres in Delhi, Mumbai and Orissa to provide job-oriented training to under-served youth of the society
• NIIT Foundation adjudged ‘Best Private Sector Skills Provider’ at UK India Skills Forum (UKISF) Awards 2011
• NIIT was adjudged the ‘Best Result Oriented ICT School’ in Ghana for the second consecutive year
• NIIT Vietnam received ICT Gold Medal Award 2011 for the 6th Consecutive Year from the Ho Chi Minh Computer Association

NIIT and NSDC form joint venture to fuel growth in Skills & Employability for youth across India

• One of the largest Public Private Partnerships aimed at skill development initiatives

• Project Outlay of Rs. 377 Crores over the first four years for ‘NIIT Yuva Jyoti Centres’ across 1000 cities

NIIT and National Skill Development Corporation (NSDC) have entered into a significant public-private partnership to enhance skills and employability for youth across India. Through this partnership it is estimated that around 70 lakh youth will be trained by 2022, in multi-skilling mode. The emphasis will be to offer job oriented training in semi-urban and rural areas, to applicants mainly from low and middle income households, aspiring to build successful careers through quality training taken alongwith formal education. These skilled youth will initially fulfill the requirements of nine emerging verticals predominantly in the service sector.

Under the Agreement, signed by Mr. Vijay Thadani, CEO, NIIT Limited and Mr. Dilip Chenoy, MD & CEO, NSDC, at New Delhi, NSDC will participate in NIIT Yuva Jyoti Limited (NYJL), a subsidiary company of NIIT, via a mix of loans and equity. The total project outlay required for this ambitious project is Rs. 377 Crores over the first four years, making this one of the largest commitments of its kind to be undertaken till date.

As per a study conducted by IMaCS (the management consulting arm of rating agency ICRA) on behalf of NSDC, India is likely to have an incremental requirement of 24.4 crore skilled people by 2022 in 21 high growth sectors. However, although India is witnessing very good economic growth, the challenge of addressing the ever-increasing ‘available’ but ‘unemployable’ urban and rural workforce continues to be daunting.

NSDC is a not-for-profit company set up by the Ministry of Finance as the first PPP initiative with the mandate to skill up 15 crore people by 2022 in 21 focus sectors. This is part of the overall target of Government of India to train 50 crore people by 2022 to meet the global skills shortage. NYJL aims to setup over 1500 state-of-the-art NIIT NIIT Yuva Jyoti Centres, across 1000 cities. The aim is to provide industry and job specific training to around 70 lakh young Indians by 2022, thus helping create a pool of job-ready work-force for the service industry. Further, a ‘Skills Inventory’ of around 2.6 crore youth will be created by 2022 through this initiative.

In the initial phase, the training will be imparted across 9 service sectors – Retail, IT/ITeS, BFSI, Education & Training Services, Media & Entertainment, Healthcare, Telecom, Hospitality and the Informal sector.

NYJL will assess the existing skill sets and aspirations of the participants and accordingly help them choose the right program. Besides partnering in the joint venture, NSDC will also play a significant advisory role and provide support in facilitating tie-ups with Sector Skill Councils, Microfinance Institutions & banks, in creating market awareness and in obtaining industry endorsements for the programs offered.

NIIT’s schools program empowers 10 Million students across India

Brings computer-aided education to the doorsteps of over 16,600 schools in the country

NIIT achieved a significant milestone in its mission to take computer proficiency to the grass root levels, by imparting computer-based learning to 10 million students across India.

Through its `NIIT@School’ program that offers computer education in Government and private schools, NIIT has been shaping the future of Indian students for over a decade now. NIIT’s computer education movement, introduced for the first time in 371 Government schools in Tamil Nadu in 1999 through the Public Private Partnership model- now covers nearly 16,600 educational institutions across 18 States in the country.

At an event held at the not-for-profit NIIT University campus in Neemrana to mark the 10 million milestone, Mr. Kapil Sibal, Hon’ble Union Minister for HRD and Communications & IT, delivered the keynote address and felicitated outstanding students and teachers from across the country. Mr. Rajendra S Pawar, Chairman, NIIT, leading academicians, principals of various schools, bureaucrats and members of NIIT and NIIT University were also present on the occasion.

Sharing words of encouragement with students & teachers from Assam, Maharashtra, Gujarat, Andhra Pradesh, Delhi NCR and other parts of India, Mr. Sibal said that the objective now is to take the 10 million number to many more millions—and touch the entire community of India’s school going children.

Touching the 10 million student count, involved creating 23,936 hours of content, setting up 1,07,209 computer based learning nodes, selecting, training, certifying 3,96,449 computer teachers, across Government and Private schools. NIIT has indirectly made a positive contribution to the general development of the villages where children are being taught computers. These villages in remote locations now enjoy power supply, telephone and Internet connectivity.

NIIT has been at the forefront of the global movement to bridge the digital divide, by bringing computer education to the doorsteps of children from all segments of society. The journey to empower 10 million students saw many significant milestones including initiatives like HIWEL (Hole-in-the-Wall) project that aims to take computers to underprivileged children.

World Chess Champion and NIIT MindChampion Viswanthan Anand to promote Chess in schools, set a new Guinness World Record in 2010 when 20,480 participants played Chess simultaneously, guided by Viswanathan Anand. NIIT’s Schools program has received numerous recognitions during its journey, including the UNESCO award for innovation in education which led to the launch of Mobile Science Lab.

NIIT launches ‘New Age GNIIT’- India’s First Cloud Campus, in Hyderabad, Ranchi, Patna, Orissa, Kochi

World Chess Champion Viswanathan Anand unveils the new age GNIIT programme, which leverages cloud computing to facilitate anywhere, anytime learning for students

NIIT Limited launched the new age GNIIT- India’s first Cloud Campus, in many cities across India, including Hyderabad, Ranchi, Patna, Orissa, Kochi. The unique GNIIT programme can be pursued anywhere anytime, by leveraging the unique cloud learning methodology. The state-of-the-art NIIT Cloud CampusTM was launched by World Chess Champion Viswanathan Anand. Also present on the occasion were Mr. Damodara Raja Narasimha, Hon’ble Deputy Chief Minister, Andhra Pradesh and Mr. Surojit Biswas, Vice-President, NIIT Ltd.

The pioneering NIIT Cloud CampusTM empowers student to learn on his own terms, at his own pace, wherever and whenever he wants it. Students enjoy higher mobility as they can easily access educational services using a Netbook or a Mobile device that connects them to NIIT’s Cloud Campus network. These services will be managed by NIIT centrally, using the power of Cloud Computing.

One of the most important initiatives of NIIT in recent times, the new GNIIT syllabus is based on a revolutionary educational paradigm called collaborative learning which takes students’ beyond the traditional classroom based student-teacher relationship. Students enrolling for the programme will be provided with technically robust netbook, a well-designed digital courseware and a fully paid data card. 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.

NIIT NGuru set to redefine School Education in India

The holistic school learning solution which enhances teaching and learning experience, now offers ICT enabled teacher training programs and programs on accreditation

World Chess Champion Viswanathan Anand felicitates the National Level Winner of MindChampions Academy - Chess Master 2011, Mahasweta Kumar from Mangaldoi Govt School, Darrang, Assam

First Runner Up Mukul Kumar from GD International School, Muzzaffarpur also felicitated by Anand

NIIT Limited launched cutting edge ICT enabled solutions for the schools of tomorrow, under the aegis of ‘NIIT NGuru’. World Chess Champion & NIIT MindChampion Viswanathan Anand unveiled these solutions, which aim to improve the efficacy of the teaching learning experience for school administration, teachers and students alike.

NIIT NGuru launched Accreditation Standards for Quality School governance, which enables schools to deliver quality education for overall development of students. Accreditation establishes the School’s competence in delivering requisite elements of education covering curriculum, faculty, administration, student services, training, consultancy and evaluation.

The program has been designed in consultation with academicians, parents, administrators and quality professionals with a view to define and implement systems to provide educational services that aim to enhance satisfaction levels of all interested parties – be it students, parents, society or regulatory authorities.

NIIT NGuru also announced the launch of a new-age International Pedagogical ICT Teacher Training Programs, to upgrade the existing skills of the teachers by leveraging ICT. These certification programs would help in empowering teachers with the latest technology and pedagogic skills and encourage collaborative peer learning. This would also encourage teacher-student participation in the classroom and make learning more fun for students. The courses on offers are - International Pedagogical ICT Certification and training program on Continuous and Comprehensive Evaluation.

World Chess Champion and NIIT MindChampion Viswanathan Anand also felicitated the National level winners of NIIT MindChampions Academy (MCA). Mahasweta Kumar from Mangaldoi Govt School, Darrang, Assam was adjudged as the National level winner of the NIIT MindChampions Academy - Chess Master 2011. Mukul Kumar from GD International School, Muzzaffarpur was the runner up. The winners for East and North zone finals were also felicitated by Anand.

Innovations from NIIT hold centre stage at World Education Awards 2011

• NIIT’s Skill development project in Republic of South Africa felicitated with ‘Best Vocational and Skills Initiative of the year Award’

• NIIT Imperia recognized as ‘Best Training to Working Professionals’

• NIIT’s Mobile Science Lab wins ‘Best Innovation in Science Education of the Year Award’

ICT enabled Learning Solutions by NIIT received commendation at World Education Awards 2011 - India’s premier awards for global initiatives and excellence in field of education, at a ceremony held on July 14, 2011 in New Delhi. The event brought together national and international government organisations, private enterprises, civil society & developmental organisations in India and abroad, who have transformed educational practices into a sustainable social enterprise through innovation and leadership.

NIIT’s unique skills development project in KwaZulu Natal (KZN), Republic of South Africa, was recognised as the ‘Best Vocational and Skills Initiative of the Year’ in the Government Initiatives segment. NIIT NGuru’s Mobile Science Lab , an innovative learning solution which integrates IT-led Science Lab with classrooms, received the ‘Best Innovation in Science Education of the Year’ award. NIIT Imperia,Center for Advanced Learning, was recognised for providing the ‘Best Training to Working Professionals’.

NIIT collaborated with the provincial government of KwaZulu-Natal (KZN), South Africa, to empower the youth by launching an ICT skill development project in the region. NIIT set up learning centres of excellence in the region, using Global Education Delivery model with best practices as case studies. The programme also has the unique feature of providing students Industry Internship in India and Africa, to give them hands-on industry experience. This program shall directly impact 10,000 youth learners over five years, with select students sent to India for Internship.