• Global System-wide Revenue up 19% at Rs 389.8 Cr
• Net Revenue up 17% YoY at Rs. 278.9 Cr
• Individual Learning Solutions enrolments up 23% YoY
• School Learning Solutions revenue up 74% YoY.
• NIIT Uniqua, the NIIT-Genpact venture, completes full quarter of operations.

NIIT Limited Consolidated Financials at a Glance (in Rs. Cr.)
	Qtr ended Dec 31, ‘07	Qtr ended Dec 31, ‘08	Growth YoY
Global System-wide Revenue	327.2	389.8	19%
Net Revenue	238.8	278.9	17%
EBITDA	22.8	22.9	-
Profit After Tax	13.9	5.5	-60%

For the quarter ending December 31, 2008, NIIT Limited, the leading Global Talent Development Corporation has posted consolidated net revenues of Rs. 278.9 Cr, representing a 17% growth YoY. The company’s system-wide revenue stood at Rs. 389.8 Cr, up 19% YoY.

In this quarter, the company recorded Profit After Tax of Rs 5.5 Cr compared to Rs 13.9 Cr for the same period last year. The launch of NIIT Uniqua and increased depreciation due to new school projects impacted PAT for the quarter. NIIT has expanded its presence to over 7800 schools, an increase of 3000 schools compared to the same quarter last year.

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

Individual Learning Solutions – IT recorded 20% growth in net revenue YoY and 23% growth in enrolments. In China, NIIT recorded 71% growth in revenue over the same period last year.

Responding to changes in the environment, NIIT introduced six new programmes for graduates and final year students to make them job ready. The programmes offer superior value in shorter durations ranging from 99 days to up to 200 days.

NIIT, together with major technology partners, launched a series of new edge programs for Science & Technology graduates in China in this quarter.

School Learning Solutions recorded robust growth of 74% YoY in net revenue.

In this quarter, NIIT launched the first-ever solution which integrates Science Labs with classrooms – NIIT eGuru Smart Science Station.

NIIT further enhanced its offerings with introduction of NIIT e-GURU Web & Multimedia curriculum, based on world-class Adobe Creative Suite of Products.

Finance & Management Training Solutions increased its offerings with the launch of a new financial literacy program and a Career Program for college students. In this quarter, FMT forged alliances with Fullerton Securities and Laxmi Vilas Bank.

Corporate Solutions recorded growth of 7% YoY in net revenue.

With fresh order intake during the quarter at USD 31.8 million, CLS closed the quarter with a pending order book of USD 81.13 million, up 24% YoY.

Other highlights of Q3 2008:

• NIIT was conferred the ‘Top Training Company Award 2008’ by the country’s leading publication group Cybermedia, the publisher of Dataquest.
• NIIT, USA, was awarded the Gold for Excellence in E-Learning Award by Chief Learning Officer magazine as part of its Learning In Practice Awards, one of the industry's highest honors.
• NIIT announced the endorsement of TOEIC® (Test of English for International Communication™) by leading corporations namely - 24/7 Customer, Wipro, Inventurus, Call2Connect, Fiserv, HCL, HTMT, Steria, and Minacs.
• NIIT announced its first batch of GNIITians with Microsoft Certification.
• NIIT’s DigiArt Festival, iPaint 08, an annual digital painting competition, received a record 80,000 entries this year from schools across India. The overwhelming response was due to the green initiative wherein, paintings were uploaded by the schools on a specially created site.
• NIIT MindChampions Academy was launched in over 400 schools of Bihar.
• As part of NIIT Imperia Leadership Series, World Chess Champion and NIIT MindChampion Viswanathan Anand, addressed management students and professionals simultaneously across 19 cities on Management Strategy.

 

NIIT is India’s No 1 IT Trainer once again!

Dataquest confers NIIT, Top training company award 2008

NIIT has once again been conferred the ‘Top Training Company Award 2008’ from country’s leading ICT publication group Cybermedia, the publisher’s of Dataquest.

Established in 1981, to help the nascent IT industry overcome its human resource challenges, NIIT has today grown to be amongst world’s leading talent development companies.

NIIT CEO Vijay K Thadani received the trophy at the award function organized by Cybermedia group, in the capital recently.

NIIT launches “Job-ready” career courses

NIIT launches first ever `Smart Science Station’

NIIT ties up with Adobe to launch first ever state-of-art Web & Multimedia curriculum for Schools in India

- Alliance to give school students early access to professional creative tools

NIITtogether with Adobe announced the launch of first ever state-of-the-art NIIT e-GURU Web & Multimedia curriculum for school children, based on world-class Adobe Creative Suite of Products.

The newly launched curriculum covers the Adobe Creative Suite Master Collection, which includes- Photoshop, Illustrator, Flash, Premiere, Encore, Soundbooth, AfterEffects, Fireworks, Dreamweaver. The primary objective of introducing such a curriculum is to provide a comprehensive web & multimedia curriculum, based on the widely used professional software from Adobe. This will give students aspiring for a career in domains like website designing, video editing and sound editing an early access to professional creative tools. NIIT and Adobe will work together to bring the benefit of multimedia learning to all the stake holders in the schools segment, viz. students, teachers, school management, government, and administrators.

NIIT e-GURU Web & Multimedia curriculum will be the first multimedia and life-skills module offered to school students covering the latest multimedia, web and communication technologies. The course curriculum and content is designed as per international standards.

 

Industry Endorses TOEIC® Test as Criteria of Employee Communication Skills

NIIT announced the endorsement of the TOEIC® (Test of English for International Communication™) test by leading corporations throughout India.

Through NIIT’s first nationwide TOEIC test administration, 24/7 Customer, Genpact, Inventurus and Wipro participated in a benchmarking exercise of their employees’ communication skills. The benchmarking exercise helps corporations set acceptance standards while recruiting. This aids in monitoring improvement of communication skills of employees as they undergo training. 24/7 Customer, Wipro and Inventurus join other industry leaders such as - Call2Connect, Fiserv, HCL, HTMT, Steria (Xansa), Minacs (TransWorks) and NIIT Technologies — in their endorsement of the TOEIC test as the established industry criteria for assessing a candidate’s proficiency of English for workplace communication.

The TOEIC test, developed by Educational Testing Service (ETS), is the world’s most widely accepted workplace English-language assessment tool. Offered in 90 countries around the world, the TOEIC test is used by more than 9,000 corporations, educational institutions and government agencies.

Bihar Deputy CM and Viswanathan Anand flag off NIIT MindChampion Academy in the State

- NIIT to introduce MindChampion Academy in 400 Government Schools in Bihar

Hon’ble Deputy Chief Minister, Shri Sushil Kumar Modi flagged off NIIT’s MindChampion Academy in the state of Bihar. NIIT MindChampion Academy is a joint initiative of NIIT and World Chess Champion, Viswanathan Anand, to initiate children across India to the game of Chess. NIIT MindChampion Academy has been launched in 400 schools in the state where NIIT is offering the education services.

Marking the symbolic launch of the academy in the state, Hon’ble Deputy Chief Minister of Bihar, Shri Sushil Kumar Modi and World Chess Champion Viswanathan Anand made their first moves in a game of Chess. Anand handed over the MCA kits to the Principals of some of the identified 400 Government Schools. Dr. Anil Kumar, Hon’ble IT Minister and Shri Hari Narayan Singh, Hon’ble Human Resource Development Minister also joined the Deputy Chief Minister in highlighting the importance of promoting ICT in education at school level and initiating school children in the game of chess through technology.

Speaking at the launch of NIIT MindChampion Academy, World Chess Champion, Viswanathan Anand said, “Chess has grown by leaps and bounds in India during the last 10 years, as more number of children are taking to the sport. The NIIT MindChampion Academy offers a tremendous opportunity to explore children’s potential, as it is aimed at providing them with requisite guidance and facilities.”

NIIT Honored in 2008 “Top 20 Companies in the IT Training Industry”

NIIT Listed Among Training in 1st Annual Survey

NIIT was named to the Top 20 list of IT training providers by TrainingOutsourcing.com. The 'Top 20' list recognizes the leading IT training companies for their high quality of services and comprehensive capabilities.

TrainingIndustry.com’s review committee worked to ensure a comprehensive view of the IT training sector to include tools, equipment and software training companies that demonstrate outstanding capabilities in the design, delivery and management of training services.

Dr. Jim Hanlin, CEO of Training Industry, Inc, said. "The primary goal for publishing this prestigious list is to provide corporate, government, and training executives with a directory of highly qualified, successful, and proven training partners. Our list of Top 20 companies highlights the best in class organizations focused on the IT skills marketplace.”

• CII- NIIT DigiArt Festival sees a record 80,000 entries submitted by schools across India
• NIIT MindChampion Viswanathan Anand felicitates iPaint 08 winners at Kidex 08

iPaint 08, NIIT DigiArt Festival, an annual digital painting competition organized across schools on a national level, received a record 80,000 entries this year from schools in Assam, Meghalaya, Himachal Pradesh, Uttar Pradesh, Punjab, Madhya Pradesh, Andhra Pradesh, Kerala, Karnataka, Tamil Nadu, New Delhi and Haryana. The overwhelming response was made possible due to the Green initiative, wherein paintings were uploaded by the schools on a specially created site on www.niit.com/ipaint and no print outs were taken.

World Chess Champion and NIIT MindChampion, Viswanathan Anand felicitated the winners, during an award ceremony as part of Kidex 2008.

Mr. Pradipa K Mohapatra, Chairman, Kidex 2008 in his address said that CII has been focusing on competitiveness and inclusive growth as thrust areas for rapid socio-economic development for the last few years. While speaking on CII’s emphasis on competitiveness he said that CII was keen to extend its initiatives on competitiveness to children also who will form the next generation. He also opined that the “iPaint 08” – the CII-NIIT Digital Art Festival helps in bringing out the creativeness among kids and is also inclusive.

Making his first public appearance after winning the World Chess Championship recently at Germany for the 3rd time, Grand Master & NIIT MindChampion, Viswanathan Anand said, “I congratulate all the students who have participated in this contest. The entries deserve a special mention for the high level of creativity shown by the children. I am confident that talent identified through NIIT’s school initiatives, will help shape future champions.”

Launching a breakthrough initiative that aims at making the vital subject of mathematics simpler, easier and fun to learn for school students, NIIT installed the first ‘NIIT eGuru Math Lab’, at Zenith School in Baroda in October. The installation of ‘NIIT eGuru Math Lab’ also marked the establishment of the first such Math Lab in the city of Baroda.

Dr R G Kothari, Professor (Education), M.S. University & Former Vice Chancellor Veer Narmad South Guj. University, inaugurated the revolutionary concept in presence of Mr L Balasubramanian, President, School Learning Solutions, NIIT Ltd and Mr S P Nandi (English) and Mr Chouhan (Gujarathi)Principal, Zenith School, Baroda.

Speaking on the launch Dr R G Kothari said, “Children are the founding blocks of a nation. In today’s competing times they need all the tools at their disposal to rise up to the challenge of shaping a progressive nation. Tools like NIIT eGURU Math Lab will help make their foundations strong, thus enabling them to take on these challenges.”

Speaking at the launch of ‘NIIT eGuru Math Lab’, Mr S P Nandi Principal, Zenith School, Baroda said, “We have always believed in providing the best for our students. In this regard it is heartening to see how NIIT eGuru Math Lab brings back the excitement into a traditionally difficult subject like Mathematics. We are sure that through this association, our students will not only comprehend Math, but will also excel in their grades.”