New Delhi, January 19, 2007:
For the third quarter ending December 31, 2006, NIIT Limited posted
Consolidated Net Revenues of Rs. 225.1 crore, recording a growth of 114% YoY.
Global System-wide revenues stood at Rs. 297 crore, representing a 111% increase
YoY.The company’s consolidated net profit grew 97% YoY to touch Rs. 10.7
crore (up from Rs. 5.5 crore recorded in the corresponding quarter in the
previous year). This has resulted in a basic EPS of Rs. 5.50 on each share of
Rs. 10 for the quarter.Commenting on NIIT Limited’s Q3 performance, NIIT
Chairman Mr. Rajendra S. Pawar said, “The strategic and inorganic
initiatives led to a 114% growth in revenues and 97% growth in
profits.”The results were taken on record at the meeting of the
Board of Directors of NIIT Limited here today.International revenues
contributed 64% of the global system-wide revenues and India contributed the
rest. Revenues from China operations grew by 38% YoY.Of the global
system-wide revenues of Rs. 297 crore, NIIT’s Individual Learning Business
operations contributed Rs. 127.9 crore, representing a growth of 81%
YoY.During the quarter, NIIT launched Integrated ANIIT for
Engineers (IAE)—a dual qualification program for engineering students
and NIIT NetworkLABS—a specialised training program on Networking and
Infrastructure Management. Mr. Vijay K. Thadani, Chief Executive
Officer, NIIT Limited said, “The record revenue growth in the Individual
Learning Business was contributed by 45% enrolment growth in programs for
Engineering and IT graduates.” Corporate Services:
Fresh Order Intake of US$ 10.8 million
The Corporate Learning Business recorded a fresh order intake of US$ 10.8
million. NIIT added ten new significant corporate customers in the quarter.
The integration process of the recently acquired Element K, a US
headquartered learning solutions provider, with NIIT, has progressed well.
Element K recorded a revenue of US$ 21.34 million in the quarter and the
acquisition is EPS accretive.
NIIT partnered with the Department of Income Tax to help create a pool of
skilled Tax Return Preparers under the Tax Return Preparers Scheme (TRPS). As
part of the agreement, NIIT tested over 47,500 graduates across 100 locations of
which 5,000 candidates were selected for a training program on Income Tax filing
The Institutional business now covers 3,906 education centres in government
and private schools where NIIT’s IT and IT-assisted programs for the K-12
segment are being offered.
Mr. P. Rajendran, Chief Operating Officer, NIIT said, “The focus on
growing the institutional business led to a 39% YoY growth in revenues from
private schools segment.”
The Information Technology Institute (ITI) of the Government
of Egypt partnered with NIIT to help build a pool of skilled ICT professionals
The total number of people engaged in the company at the end of the quarter,
NIIT Chairman Rajendra S. Pawar was presented the Rotary Education Foundation
‘Distinguished Educationist Award’ by the then Chief Justice of India Mr. Y.K.
Sabharwal in recognition of his contribution in the field of education.
NIIT was presented the Most Customer Responsive Educational Institution Award
at the Economic Times – Avaya GlobalConnect Customer Responsiveness Awards
2006. About NIIT LimitedNIIT, Asia’s largest IT
trainer, offers learning and knowledge solutions in 30 countries. At nearly US$
250 million size, NIIT together with the recently acquired Element K, is now the
first and the best choice for comprehensive learning solutions, worldwide.
Leading IT magazine Dataquest has conferred upon NIIT, the Top IT
Training Company Award 2006. Rated among India’s Superbrands (2003-05),
NIIT’s education offerings include: GNIIT, an industry-endorsed
program for students seeking careers in the IT segments; Integrated
ANIIT for Engineers (IAE)—a dual qualification program for engineering
students under the NIIT Edgeineers series of training programs on advanced
technologies for IT professionals and skill up gradation programs for
engineering graduates. NIIT also offers a turnkey IT integration program that
provides computer-based learning in 3,906 government and private schools.
In the Corporate Solutions Business, NIIT’s offerings are bolstered by its
SEI CMM Level 5 assessed learning services capability. The Corporate Solutions
Business offers integrated learning solutions that include strategic consulting,
learning design, content development, learning delivery, learning technology
services and learning administration.
NIIT’s customers include many Fortune 500 companies, universities, technology
companies, training corporations and publishing houses.
* Previous period figures have been recast for comparative purposes
For more details, media may contact:Shivanjali Singh,
NIIT Limited, 85, Sector 32, Institutional Area, Gurgaon 122 001; Ph: +91
124 4293044; 9811991107; Fax: +91 124 4293333; Email: firstname.lastname@example.org
OrAmanpreet Singh, Brodeur India; Ph: +91 11 26142292; Email: email@example.com
Investors may contact:Chetna Khuller, NIIT Limited, Ph:
+91 124 4293335; Fax: +91 124 4293333; Email: firstname.lastname@example.org