• Records Net Revenue at Rs 225.3 Cr; EBITDA grows 23% YoY
• Corporate Learning Solutions grows 32% YoY

New Delhi, July 23, 2014: NIIT Limited, leading Global Talent Development Corporation, today reported its results for the first quarter ended June 30, 2014. In this quarter, the company recorded Net Revenue of Rs 225.3 Cr with a PAT of Rs 0.6 Cr. EBITDA was recorded at Rs 12.8 Cr, up 23% YoY, and the Operating margin stood at 6% up 101 bps YoY.

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

Corporate Learning Solutions (CLS) recorded net revenue of Rs 111.3 Cr up 32% YoY during the quarter, backed by a strong growth in its MTS offerings, which now contributes 86% towards CLS revenues. The overall CLS revenue visibility stood at USD 180.1 Mn, up 25% YoY.

Career Building Solutions (CBS) recorded net revenue of Rs. 72.6 Cr during the Q1. Over 6,600 students were placed into jobs in Q1 alone.

'ReVOLUTION GNIIT', launched during the quarter, drove momentum for the company's Cloud CampusTM offerings, registering around 2000 enrolments in Q1. This pioneering Cloud CampusTM initiative has now expanded across 217 centres with cumulative enrolments of over 73,500 students.

NIIT forayed into the area of training teachers for the Central Teacher Eligibility Test (CTET), during the quarter. To this effect, the Company launched The CTET Advantage Program to support Pre-Service/ In-Service teachers to prepare for the forthcoming exams, thereby leading to enhanced employability.

The 15th IT Scholarship exams conducted by NIIT in Nigeria, drew participation from over 18,000 applicants, thereby giving meritorious students an opportunity to build successful careers in the IT sector. Further, NIIT consolidated its presence in Africa by signing up 3 new centres in Ivory Coast, Liberia & Sierra Leone.

During the quarter, NIIT further strengthened its 'Beyond-IT' portfolio of offerings, which registered a 31% YoY growth in enrolments.

School Learning Solutions (SLS) registered net revenue of Rs 39.4 Cr during the quarter, adding 129 Private Schools to its portfolio.

During the Quarter SLS trained 3,572 teachers and school principals on CCE (Continuous and Comprehensive Evaluation) and leadership development, as an empanelled member of CBSE (Central Board of Secondary Education). SLS also unveiled IT Wizard Plus in the states of Uttar Pradesh and Delhi NCR along with GM & NIIT MindChampion Viswanathan Anand.

NIIT's vocational skills training initiative - NIIT Yuva Jyoti, established in partnership with National Skill Development Corporation (NSDC) continued to gain momentum, expanding its reach to over 70 locations with more than 25,000 students trained, since commencement.

Other highlights:

• NIIT has been recognized as the "Best Training Institution" at the Indian Education Awards 2014, by leading Industry Association - Franchise India.
• • During the quarter Mr. Rajendra S Pawar, Chairman, NIIT Limited was recognized as the 'Indian Business Leader of the Year' at the Global India Business meet organized by international think-tank Horasis & PwC at Liverpool, UK.
• NIIT's new corporate website www.niit.com was recognized as the "Best Educational Website" recently, at the Digital Marketing Conclave, 2014 by Think Media Inc.
  

Established in 1981, NIIT Limited, a leading Global Talent Development Corporation, offers learning and knowledge solutions across 40 countries. Leading IT journal Dataquest has conferred upon NIIT the 'Top Training Company' award successively for the past 20 years, since the inception of this category.

NIIT's training solutions in IT, Banking, Finance and Insurance, Knowledge Process Outsourcing (KPO), Business Process Management (BPM), Executive Management Education, Vocational Skills, School Learning Solutions and Communication and Professional Life Skills has impacted over 35 million learners since inception.

NIIT's Individual Learning Business offerings include industry-endorsed programs for students seeking careers in IT – GNIIT and Edgeineers for IT professionals. The company has introduced "India's first cloud campus", through its new-age GNIIT program. This offers students a higher mobility as they can access courseware using Netbooks to connect seamlessly to NIIT's Cloud Campus network.

NIIT's Corporate Learning Solutions offers Managed Training Services including integrated learning solutions (strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses. NIIT Yuva Jyoti, a joint venture between NIIT and NSDC, offers vocational skills training programs to enhance employability of youth across India.

NIIT's School Learning Solutions division has provided computer-based learning to over 15, 000 Government and private schools. The futuristic NIIT nGuru range of learning solutions for schools comprises Interactive Classrooms, Math Lab, IT Wizard programs and Quick School (Education Resource Planning software).

NIIT Imperia - Centre for Advanced Learning, offers Executive Learning Programs in association with leading Business schools in India, KPMG, Google India and Internet and Mobile Association of India (IAMAI), using the synchronous learning platform.

NIIT Institute of Finance Banking & Insurance (NIIT IFBI), formed by NIIT with equity participation from ICICI Bank, offers programs for individuals and corporates in Banking, Financial Services and Insurance. NIIT Institute of Process Excellence Limited, a NIIT-GENPACT venture (NIIT Uniqua), offers complete training outsourcing services to the Business Process, Knowledge and Technology Services industry to create business models that enhance productivity and lower costs.

In recognition of its people centric policies, which foster an environment of growth and career development, NIIT has been ranked as the 4th Best company to work for in India 2013-14, by Great Place to Work Institute®.

For media queries, please contact:

Prateek Chatterjee
Vice President, Corporate Communications & Marketing, NIIT Limited
Ph: (Cell) +91 9910201085, (Dir) +91 124 4293041
Email: prateek.chatterjee@niit.com

Sumana Bhattacharya/Niharika Sneha
Candour Communications
Ph: (Cell) +91 9810597176/ 8800861353
Email: sumana@candour.co.in, niharika@candour.co.in

Investors may contact:
Kapil Saurabh, NIIT Limited, Ph (Cell) +91 9899117793, (Dir) +91 124 4293324
Email: kapil.saurabh@niit.com

Visit us at: www.niit.com ;
Follow us on: www.twitter.com/niitltd

- Presents new age GNIIT - an all new Cloud Centric Curriculum for the next generation IT professionals in Nigeria
- Annual Scholarship Test to be held on July 12th across the country

NIIT, leading Global Talent Development Corporation announced the 15th NIIT Nigeria Scholarship 2014, to reward meritorious students desirous of building successful careers in fast evolving IT sector in the country. This is NIIT's initiative to enhance employability of meritorious students to meet the industry needs of the country.

The scholarship test was held on July 12, 2014. With a thrust on creating skilled manpower for the Nigerian IT industry, the NIIT Nigeria Scholarship helps students get skilled for a global career in IT through training in technology. For the first time the scholarship is also offered for the new-age GNIIT program.

The unique GNIIT program based on all new cloud centric curriculum can be pursued anywhere anytime, by leveraging the unique cloud learning methodology. With the new GNIIT, student learns not only at an NIIT centre but also through Nigeria's first Cloud CampusTM that leverages the power of Information Technology in education. 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 CampusTM network. These services will be managed by NIIT centrally, using the power of Cloud Computing.

According to industry sources, IT industry in Nigeria is estimated to be among the fastest growing IT industries in the world. NIIT conducts the IT Scholarship exam every year to help identify meritorious students to join this industry and be a part of the global skilled IT Talent pool. Over the last 15 years, NIIT Scholarships have become one of the most awaited events in the annual events calendar of the country.

NIIT offers cutting-edge programs in Nigeria, mapped to international certifications- Mastermind Series, courses on Oracle, Java, CCNA & CCNP, A+ & N+, Infrastructure Management, Web Design & Development, Graphic Designing, MIS, Project Management, among others.

NIIT in Nigeria

NIIT, the leading Global Talent Development Corporation, established its presence in Nigeria by setting up an education centre in Ikeja, Lagos in 1999 and since then has affirmed its support to prepare the youth in the country for lucrative IT careers. NIIT now trains over 16,000 students in Nigeria every year and has shaped the careers of over 150,000 students in past 15 years.

Since 1999 NIIT has been involved in creation of skilled ICT manpower and has launched several initiatives in the country.

NIIT is acknowledged as the undisputed leader in the country's IT training and education segment, offering the latest IT programs mapped to the industry requirement and international vendor certifications.

In Nigeria, NIIT provides IT education to individuals; offers customized training solutions for corporate; and caters to the IT learning needs of University & School students.