Q4 (January- March 2018) Insight@NIIT:Vol.39 Investor Communication Contents
     
   
 
  NIIT Limited announces Q4  
  NIIT to empower women on social media marketing this International Women's Day  
  Post Budget reactions for the Education sector  
  NIIT Acquires Eagle Productivity Solutions  
 
   

     
   
  Contents  
 
 


  Q4 Results  
  News@NIIT  
  Campaigns  
 
     

     
   
  NIIT Limited declares Consolidated Results for Q4 and FY 2017-18  
 
 

 

 

 

 

 

 

 

 

Sapnesh Lalla
Chief Executive Officer
NIIT Limited

FY18 saw robust profitability, with PAT growing 53% YoY. EBITDA grew 22% YoY in Q4, on the back of Corporate Learning Group (CLG) delivering a strong revenue growth of 28% YoY during the quarter. CLG now forms 65% of NIIT revenue, showcasing strong performance and a higher growth trajectory.




  • FY18 PAT recorded at Rs. 62.5 Cr, up 53% YoY
  • Q4 Revenue at Rs. 222.8 Cr, up 6% YoY; EBITDA at Rs. 22.1 Cr, up 22% YoY
  • Acquired Eagle Productivity Solutions, a top-rated global provider of training solutions for companies in the Pharmaceutical and Life sciences industry

NIIT Limited, reported its results for FY 18 and fourth quarter ending March 31, 2018.

FY 2017- 18 highlights:

NIIT Limited : Consolidated Financials for Year ended March 31, 2018

(in Rs. Crore) Year ended March 31, 2018 Year ended March 31, 2017 YoY growth
Net Revenue
850.5
845.2
1%
EBITDA
74.6
67.4
11%
Profit After Tax
62.5
40.9
53%
FY18 constant currency Go forward Revenue up 6% YoY

*Note: The accounts have been prepared based on Ind AS, as on 31st March, 2018. To make it comparable on a like-to-like basis, the accounts as on 31st March, 2017 have been converted into Ind AS.

Quarter 4 highlights:

NIIT Limited : Consolidated Financials for Quarter ended March 31, 2018

(in Rs. Crore) Quarter ended March 31, 2018 Quarter ended March 31, 2017 YoY growth
Net Revenue
222.8
209.4
6%
EBITDA
22.1
18.1
22%

*Note: The accounts have been prepared based on Ind AS, as on 31st March, 2018. To make it comparable on a like-to-like basis, the accounts as on 31st March, 2017 have been converted into Ind AS.

The results for FY18 were taken on record at the meeting of the Board of Directors here today.

For the full year, the Company's Net Revenue stood at Rs. 850.5 Cr, up 1% YoY and PAT was recorded at Rs. 62.5 Cr, up 53% YoY. FY18 constant currency Go forward Revenue was up 6% YoY. During the quarter, the company recorded a Net Revenue of Rs. 222.8 Cr, up 6% YoY and a PAT of Rs. 19.7 Cr. Quarter 4 constant currency Go forward Revenue grew by 10% YoY.

Cash Management was robust, with Net Debt reducing to Rs. 40.1 Cr, including acquisition related cash out flow, as compared to Rs. 41.9 Cr same time last year; and DSO days reduced to 71 days from 83 days last quarter.

Corporate Learning Group (CLG) recorded revenues of Rs. 145.1 Cr, up 28% YoY during Q4. It signed 5 MTS contracts in Q4, including 3 new customers, taking the total number of MTS customers to 39.

Full year revenue for CLG was recorded at Rs. 518.3 Cr, up 14% YoY. Revenue visibility stood at $217.6 Mn up 18% YoY.

During this fiscal year NIIT acquired Eagle Productivity Solutions, a top-rated global provider that specializes in training solutions for companies adopting sophisticated cloud-based applications in the pharmaceutical and life sciences industry. The acquisition will help NIIT expand its training capability for global rollout of cloud-based enterprise applications in the pharmaceutical and life sciences industry.

In FY18, NIIT entered into a strategic relationship with Cornerstone OnDemand (NASDAQ: CSOD), a global leader in cloud-based learning and human capital management software. The company also announced a strategic relationship with EdCast, the award-winning, AI-powered Knowledge Cloud provider with customers that include GE, HPE, Dell EMC, and Accenture.

Skills & Careers Business (SNC) recorded Q4 net revenue of Rs. 58.4 Cr. Beyond IT contributed 40% to SNC's Q4 FY18 revenue compared to 37% in Q4 FY17.

For the full year, SNC recorded net revenue of Rs. 266.9 Cr.

NIIT introduced five new Career Series programs during the quarter - Accounting & Business Analytics; Banking & Finance; Data Analytics & Predictive Modelling; Digital Marketing & Branding; and Full Stack Software Engineering.

With the business environment getting increasingly competitive, companies are focusing on their core competencies and outsourcing other operations. Continuous availability of skilled talent, matching the speed and scale of business expansion, is a constant challenge for companies across sectors. To address this opportunity, NIIT has introduced TPaaS Talent Pipeline as a Service, which encompasses all aspects involved in on-boarding new talent, including talent acquisition, talent orientation, on-boarding & integration.

In FY18, NIIT entered into a strategic partnership with UP! Your Service, the global leader in creating cultures of service excellence worldwide, to expand its Corporate Learning portfolio to deliver internal and external cultures of Service Excellence.

During this fiscal year Training.com - a multi-modal learning platform by NIIT along with IIM Calcutta announced fresh batches of Advanced Program in Data Sciences and Executive Program in Digital and Social Media Marketing Strategy. Since the launch of the platform in October 2016, Training.com has generated more than 2 million visitors. Training.com has built a portfolio of over 148 advanced courses including programs in Digital Marketing, Technology, Data Science and Applied Finance from premium institutions including IIM-C, Microsoft and Digital marketing institute.

MindChampion Learning Systems Limited (MLSL) registered net revenue of Rs. 17.6 Cr during the quarter. In Q4 it added 317 school contracts and released new curriculum products in Maths, Science and English.

Full year revenue for MLSL was recorded at Rs 59.3 Cr. It added 668 school contracts during the year.

Other highlights:

  • NIIT ranked as 'India's Most Trusted Training Brand' for 5th year in a row, by Brand Trust Report, 2017.
  • NIIT named to Training Industry 2017 Top 20 Training Outsourcing Company List for the eleventh consecutive year.
  • NIIT named to TrainingIndustry.com's Top 20 Gamification Companies List for the fourth consecutive year.
  • NIIT named Innovation Award winner at Future Learning 2020 Summit.
  • NIIT earns Twenty Brandon Hall Group HCM Excellence Awards jointly with customers.

 
     


 
     
   
  NIIT to empower women on social media marketing this International Women's Day  
 
 

Prakash Menon
President, Global Retail Business, NIIT Ltd

Social Media is growing at a fast pace and it helps in spreading the word in a cost-effective manner. With such amazing growth prospects, every business today needs to leverage proper social media channels in the best possible way. Hence NIIT on this International Women's Day aims to train women entrepreneurs, students and freelancers on social media marketing to help them grow and attain their goals.


To provide free online Program on Advanced Social Media Marketing

NIIT Limited, has launched a free online Program on Advanced Social Media Marketing exclusively for women, this International Women's Day.

The programme, to be delivered through Training.com a multi-modal learning platform by NIIT, is designed for women entrepreneurs, students and freelancers who would like to delve into the arena of social media marketing. The programme equips the learners to kick-start a career in Digital Marketing. This is a self-paced programme and the learner can go through it anytime. The duration of programme is 1.5 hours consisting of 10 different modules.

The learners can earn a graded certificate on clearing the assessments. The programme will guide the learners on how to achieve their career and business goals using social media and provide knowledge on different social media modules such as:

  • Facebook, YouTube, Instagram, LinkedIn and their tools
  • Content and social media
  • Social media advertising
  • Social media mistakes to watch out for
  • Blogging

To apply for the program please visit: -

https://www.training.com/digital-marketing-courses-online/social-media-marketing

Social media is one of the powerful emerging tools across the globe. The use of social networking sites like Facebook Twitter, LinkedIn has become one of popular ways of socializing. India ranks first in Facebook and second in Twitter usage. These social networking sites not only pave a way to communicate across the globe but also helps in the growth of businesses by providing large audience.

 

 
     
       

       
     
   
  Post Budget reactions for the Education sector  
 
 

Vijay Thadani
VC and MD,
NIIT Ltd

It is a progressive budget with the right emphasis on training of teachers, use of technology and funding for research.

 

By Vijay Thadani, Vice Chairman & Managing Director, NIIT Ltd.

Among the positive steps for the education sector, Revitalising Infrastructure and Systems in Education (RISE) by 2022 with a total investment of Rs 1,00,000 crore in next four years stood out. The fact that the Higher Education Financing Agency (HEFA) would be suitably structured for funding this initiative is a much appreciated provision.

Increase in digital intensity in education and envisaging move from ''black board'' to ''digital board''; using technology to upgrade the skills of teachers through a digital portal "Diksha"; national program on artificial intelligence under the aegis of Niti Aayog; mission on Cyber Physical Systems and a test bed for 5G technology at IIT Chennai were among the other encouraging initiatives", added Mr Thadani.

 
     
       

       
     
   
  NIIT Acquires Eagle Productivity Solutions  
 
 

Sapnesh Lalla
Chief Executive Officer
NIIT Limited

The Life Sciences domain and Software Application Adoption expertise have been of keen interest to NIIT. Learning plays a key role as a key enabler of change in both these areas. Eagle's unique mastery learning pedagogy enables their customers to rapidly achieve greater than 90% adoption of new processes and applications. This is a distinguishing reason why Eagle has a loyal and strong list of customers in the Life Sciences space. The coming together of Eagle's expertise and penetration in the Life Sciences space creates great opportunity for NIIT in both the Life Sciences and the Software Application domains. I am deeply excited by what we can achieve together. I look forward to welcoming the Eagle Team and their customers to the NIIT family.

 

 

 

 

Expands training capability for global rollouts of cloud-based Enterprise Applications in the Pharmaceutical and Life Sciences Industry

NIIT Limited announced that it has acquired Eagle International Institute, Inc. doing business as Eagle Productivity Solutions ("Eagle") through its wholly owned subsidiary, NIIT (USA) Inc. Headquartered in Rochester USA, Eagle is a top-rated global provider that specializes in training solutions for companies adopting sophisticated cloud-based applications in the Pharmaceutical and Life sciences industry.

The blending of these two companies will further help NIIT expand its capabilities in global application rollouts of enterprise applications requiring high adoption and deepen its domain expertise in the pharmaceutical and life sciences domain. In turn, Eagle's clients will gain access to more evolved service models, expanded capabilities including a richer variety in training content, and a stable and established global structure.

Under the NIIT umbrella, Eagle will continue to exist as an individual practice and maintain its mission to deliver quality, innovation, and above all, results. Eagle also intends to honor all contracts and commitments to all existing customers with no interruption in service.

"This is a major event for Eagle. It allows us to expand," said Bob Cannan, majority shareholder and CEO of Eagle since 1994. "We're being purchased as a practice with expertise intact. It's the ideal fit for Eagle. We see this as a major opportunity to support the explosive growth of cloud software - introduced with expertise, maintained with thoughtful attention. No single company will be more capable of this than this new combination. We can service this market extraordinarily well. We have some of the finest methods and a strong track record."

 
     
 

 
  News@NIIT  
   
 
  Machine Learning Pushing the boundaries of AI _ Financial Express_ March'18  
  NIIT gifts computers to Ghana teachers, who went viral_Indian Express_Mar'18  
  Getting ready for the 21st century_ Digital Learning_Jan'18  
  Self-assessment vital in choosing a career_ Digital Learning_Jan'18  
 
     

     
 
  Campaigns  
 
 

 
     

         
  Environment Scan  
   
 
  Automation to alter jobs landscape in 5years_Indian Express, Mar 2018  
  AI to IoT, city first to embrace new innovations_Economic Times, Feb 2018  
  Boost for Digital India Scheme_The Hindu_Feb 2018  
 
     

 

 

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