NIIT Limited Q1 (Apr-Jun) Consolidated Results 2007-2008
NIIT revenue up 104%
New businesses,
NIIT Imperia, IFBI and Element K, contribute to growth
- Net Revenues at Rs. 225.4 crore, up 104% YoY
- PAT at Rs. 15.4 crore, up 17% YoY
- Individual business grows 30% YoY
- Corporate business order intake of US $ 38.5 M
New Delhi, July 30, 2007: For the first quarter ending
June 30, 2007, NIIT, Asia’s No.1 trainer and leading Global Talent Development
Corporation, recorded net revenues of Rs. 225.4 crore, representing a 104%
increase over the same period last year.
NIIT Limited and its subsidiaries recorded a consolidated net profit of Rs.
15.4 crore, a growth of 17% over the same period last year compared to Rs 13.2
crore in the corresponding quarter last year. This has resulted in a basic EPS
of Rs. 7.0 per share of Rs. 10 each.
The results were taken on record at the meeting of the Board of Directors
of NIIT Limited here today.
Commenting on NIIT’s Q1 performance, NIIT Chairman Mr. Rajendra S. Pawar
said, “NIIT revenues grew 104%. Growth momentum continues through new
businesses, including the recently acquired Element K.”
New businesses, IFBI and Imperia, have increased enrolments in the current
cycle by 100% and extended to markets beyond the metros, in Pune and Ahmedabad.
Imperia launched 3 new programs: Human Resource Management, Retail Management
and Software Development Management from IIMs in Ahmedabad and Calcutta. IFBI
extended its portfolio by partnering with three more leading banks.
The company’s Individual Learning Business recorded a 30% growth in revenue
in Q1 over the same period last year, with career programs growing at 33%. NIIT
students’ placement in the Top 20 IT companies grew by 95%.
To build talent for the high growth IT infrastructure management space,
NIIT extended the new NetworkLABS curriculum to over 40 centres across the
country.
Continuing its march in the global arena, NIIT expanded its global network
by adding new centres in Vietnam, Indonesia and Nigeria.
With the added strength of Element K, NIIT has bagged a number of orders in
the Corporate Learning space contributing to an order in-take of $38.5 M during
the quarter.
According to Mr. Vijay K. Thadani, Chief Executive Officer, NIIT,
“With the successful launch of new businesses, NIIT is well positioned
to be a major provider of talent to sectors beyond IT. In addition, global
partnerships will continue to contribute to NIIT’s growth.”
During the quarter, NIIT announced its partnership with technology giant
Intel to launch multi-core training curriculum, globally. The curriculum has
been developed jointly and will be deployed by NIIT using its global delivery
capability for the benefit of the software developer community.
In the School Learning Solutions space, NIIT signed up with 100 new private
schools, to offer integrated computer and computer aided education. In addition,
NIIT has also added 525 more schools under the Sarva Shiksha Abhiyan initiative
of the Government.
Other highlights of Q1 2007:
- Leading IT magazine Dataquest has ranked NIIT No. 1 IT Training Company and
in among the Top 50 IT companies in India and the Top 20 Fastest Growing IT
companies in the July 2007 issue.
- TrainingOutsourcing.com has ranked NIIT and Element K among the Top 20 in
the Training Outsourcing Industry, worldwide.
- NIIT was awarded the ‘ICTE Gold Medal 2006-07’ by the Ho Chi Minh Computer
Association.
- NIIT Hole-in-the-Wall Education Ltd, a joint venture between NIIT and the
International Finance Corporation partnered with Jaipur Municipal Corporation to
set up 200 Minimally Invasive Education (MIE) Playground Learning Centers (PLCs)
to promote computer education among school kids in Jaipur.
- Union Finance Minister P. Chidambaram felicitated the toppers of the first
batch of Tax Return Preparers, trained by NIIT.
- NIIT Brand Ambassador Viswanathan Anand is ranked World No. 1 in Chess.
Anand reached out to NIIT students, chess enthusiasts and media, nationally,
using NIIT Imperia and the NIIT MindChampions Academy.
About NIIT
NIIT, Asia’s No. 1 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 2006. 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
Kolkata.
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 5000 government and private
schools.
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
houses.
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 management platform.
NIIT together with Element K is now the first and the best choice
for comprehensive learning solutions, worldwide.
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