New Delhi, June 11, 2008: NIIT Limited, leading Global
Talent Development Corporation and Asia’s largest IT trainer, has reported net
revenue of Rs. 1006.8 Cr, up 27% YoY for the year ended March 31, 2008. NIIT
Limited reported Profit After Tax at Rs. 75.6 Cr, a growth of 32% over last
The financial results were taken on record at the meeting of the Board of
Directors of NIIT Ltd here today.
The Board has also proposed a dividend of 65% to its equity shareholders.
Annual Performance Highlights
The company recorded system-wide revenue of Rs. 1401.6 Cr, a growth of 26%
YoY during the last fiscal. Operating Profit stood at Rs. 103.6 Cr, an increase
of 34% over last year.
Commenting on the company’s performance, Mr. Rajendra S. Pawar, Chairman,
NIIT Limited said, “It is a year of innovation at NIIT with new
initiatives and products leading to net revenue of over Rs 1000 Cr”.
The individual learning solutions contributed 53% to the global system-wide
revenues, followed by the contribution of 39% from the corporate learning
solutions and 7% contribution from school learning solutions.
Mr. Vijay K. Thadani, Chief Executive Officer, NIIT said, “Robust
growth in revenue and improved gross margin contributed to 32% growth in
Individual Learning Solutions (IT) grew 31% to net revenue
of Rs. 324.1 Cr led by a 25% growth in enrolments. While student seat capacity
increased by 15% in the year, the operating margin for Individual Learning
Solutions (IT) improved by 291 bps to reach 21%.
NIIT forged relationships with global technology majors including Adobe,
Cisco, EMC, Intel, Microsoft, and Sun Microsystems to enhance its product
portfolio which now includes comprehensive programs in Infrastructure
Management, Digital Media and Web 2.0.
NIIT extended its IT training programs to new markets in Africa and Asia,
through alliances with local Governments and Institutions.
Finance & Management Training (FMT), the new business in
Individual Learning Solution, grew 323% to a net revenue of Rs. 30.8
Cr; added 16 new centres taking the total to 22 centres in 19 cities; trained
over 11,000 professionals across various programs.
The NIIT Institute of Finance Banking & Insurance (IFBI) has extended its
tie ups to include ICICI Bank, ICICI Lombard, ICICI Prudential, Kotak Mahindra
Bank, Yes Bank, HDFC Bank, during the year. IFBI extended its offerings beyond
banking to include programs in financial planning and insurance in this period.
As Infosys Value Partner, IFBI trained 3,700 officers of UCO Bank on the Core
NIIT Imperia, extended its portfolio by adding new programs from IIMs, IIFT
Delhi and IMT-Ghaziabad.
“NIIT’s thrust in Finance & Management Training Business is
powered by its ability to develop partnerships and leverage technology and
delivery capability,” said Mr. P. Rajendran, Chief Operating Officer,
Corporate Learning Solutions grew 21% to net revenue of Rs.
550.8 Cr. NIIT strengthened its English language communication training and
assessment services by partnering with ETS and taking controlling stake in Evolv
Services Limited, during the quarter. NIIT together with Element K has grown to
become the world’s largest content development facility and learning product
Order intake at USD 151 Mn was up 34% over last year. The closing order book
is at USD 74 Mn.
School Learning Solutions accelerates growth to 19% YoY.
Operating margin improved by 134 bps to reach 13%. The company enhanced its
offerings for schools by introducing innovative MathLab, and partnering with
NComputing and Key Curriculum Press.
NIIT extended computer education and computer aided education to over 1800
Government and Private schools, taking its overall tally to 7,700 schools. With
this, the order intake was Rs 131.9 Cr for the year.
NIIT added 637 people during the year taking the headcount to 3,850.
January-March 2008 (Q4) Financial Results
NIIT Limited and its subsidiaries reported global system-wide revenue of Rs.
382.3 Cr, resulting in a growth of 14% YoY, during the January-March 08 quarter.
The company reported net revenue of Rs. 272.4 Cr, during the quarter.
PAT stood at Rs. 25.2 Cr, up 47% YoY.
In this quarter, Individual Learning Solutions (IT) grew 34%
YoY to net revenue of
Rs. 90 Cr. Operating margin for the quarter was 22%.
Finance & Management Training grew 223% YoY to net
revenue of Rs 11.2 Cr.
School Learning Solutions recorded net revenue growth of 66% YoY. During this
period, 900 new schools were added in Maharashtra and Bihar.
NIIT, Asia’s No. 1 IT trainer and leading Global Talent Development
Corporation, offers learning and knowledge solutions to 5 million students
across 32 countries.
Leading IT magazine Dataquest has conferred upon NIIT, the Top IT Training
Company Award 2007. Rated among India’s Superbrands (2003-05), NIIT’s
Individual Learning Business offerings include: Industry-endorsed
programs for students seeking careers in IT: GNIIT, Integrated ANIIT for
Engineers (IAE) and Advanced Technology Programs for IT professionals.
For working professionals, NIIT Imperia, Centre for Advanced
Learning, offers Executive Management Education Programmes in
association with Indian Institutes of Management (IIMs) at Ahmedabad, Indore and
NIIT Institute of Finance Banking & Insurance (IFBI),
formed with equity participation from ICICI Bank, offers programs to
develop talent for the banking industry.
NIIT offers turnkey IT integration program for schools. NIIT has provided
computer-based learning to over 7700 government and private
NIIT’s Corporate Learning Solutions, offers integrated learning solutions
(including strategic consulting, learning design, content development, delivery,
technology, assessment and learning management) to Fortune 500 companies,
Universities, Technology companies, Training corporations and Publishing
Element K delivers learning solutions for customers and
partners through a tailored combination of catalog learning products,
technology, and services. The offerings include: vLab®:
hands-on labs, instructor-led courseware, comprehensive e-reference libraries,
technical journals, and KnowledgeHub™: hosted learning
NIIT together with Element K is now the
first and the best choice for comprehensive learning solutions, worldwide.
For media queries, please contact:
Prateek Chatterjee, NIIT Limited, Ph: +91 9910201085, +124 4293041;
Email: firstname.lastname@example.org or
Shivanjali Singh, NIIT Limited, Ph: +91 9811991107; +124 4293044;
Email: email@example.com or Visit
Investors may contact:
Kapil Saurabh, NIIT Ltd, Ph: +91 124 4293324; Fax: +91 124 4293333;