- PAT up 30% YoY at Rs. 13.9 Cr
- Individual Learning Solutions Revenue up 30% YoY.
- IFBI & Imperia grow 199% YoY.
- Corporate Order Intake at $39 M.
| | | | | | |
| Qtr ended
Dec 31,‘06 | Qtr ended
Dec 31,‘07 | Growth
YoY | 9 months ended
Dec 31,‘06
| 9month ended
Dec 31, ‘07 | Growth YoY |
Systemwide Revenue | 297.0
| 327.2
| 10%
| 782.0 | 1019.3
| 30% |
Net Revenues | 225.1
| 238.8 | 6%
| 538.4
| 734.4 | 36% |
Operating Profit | 17.8
| 22.8
| 28% | 57.0
| 73.1
| 28% |
Profit After Tax | 10.7
| 13.9
| 30% | 40.0
| 50.4 | 26% |
New Delhi, January 21, 2008: For the quarter ending December
31, 2007, NIIT, leading Global Talent Development Corporation and Asia’s largest
trainer, has posted PAT of Rs 13.9 crore representing a growth of 30% YoY on a
revenue of Rs. 238.8 crore.
In the same period, the company posted an Operating Profit (EBITDA) of Rs.
22.8 crore, representing a 28% growth YoY and Operating Margin improvement of
164 basis points.
Commenting on company’s third quarter performance, NIIT Chairman Mr. Rajendra
S. Pawar said, ‘NIIT’s new businesses, IFBI and Imperia, grew 199% demonstrating
success of the Global Talent Development initiative’.
For the nine months ended December 31, 2007, Net Revenue is up 36%,
Systemwide Revenue is up 30% and PAT is up 26%, demonstrating strong performance
for the year.
The results were taken on record at the meeting of the Board of Directors of
NIIT Limited here today.
Individual Learning Solutions recorded a 30% growth in net revenue YoY, with
Global enrolment growth at 28%. In the same period, India Career Enrolments
growth was 29% YoY and China Enrolments were up 56%.
NIIT partnered with Adobe Systems Inc. to offer specialized training programs
for Web, Mobile & Interactive Media space, across 32 countries. In this
quarter, 11 new centres were added with 4 centres in India and 7 centres in
China. NIIT GlobalNet+ continued to gain wider acceptance in the IT
Infrastructure Management space and is now available across nearly 200 NIIT
centres.
According to Mr. Vijay K. Thadani, Chief Executive Officer, NIIT Limited,
‘NIIT’s 30% growth in PAT was driven by strong growth in Individual
Learning Solutions and improved profitability of Element K (USA).’
Element K made significant enhancements in the content
library which resulted in major wins, thus strengthening their No. 2 position.
NIIT’s Corporate Learning Solutions added 10 new customers across U.S.A, Europe
and India, and a robust order intake of $39M which represents a 37% growth over
last quarter.
NIIT’s new businesses continue to strengthen their offering with new
strategic alliances. NIIT Institute of Finance Banking & Insurance has tied
up with HDFC Bank and YES Bank to expand within the banking sector; implemented
new programs for the insurance sector in partnership with ICICI Prudential and
with ICICI Securities for the financial services sector. NIIT Imperia has tied
up with Indian Institute of Foreign Trade to expand its offering in the
Executive Management Education space. Going beyond metros, these new business
offerings are now available across 15 locations in 12 cities.
Mr. P Rajendran, COO, NIIT said, ‘Strong Order Intake of Rs. 283 Mn
in School Learning Solutions was driven by the successful launch of a range of
new offerings.’
NIIT’s Schools Learning Solutions in association with Key Curriculum Press
(U.S.A) introduced MathLab to enhance its offering for the CBSE schools and
partnered with NComputing to offer cost effective learning solutions for schools
in the country. Non-government schools revenue grew by 22% YoY with the addition
of 79 new schools overall.
NIIT increased its presence in English language and employability training
with the acquisition of Evolv as well as launch of the strategic alliance with
ETS, recently.
Other highlights of Q3 2007-08:
- NIIT bagged the ‘Top Training Company Award 2007’ from
leading IT magazine Dataquest.
- The popular NIIT MindChampions Academy Tournament 2007-08 was conducted
across 3500 Government and Private schools, witnessing participation from nearly
1,00,000 children. World Chess Champion Viswanathan Anand awarded the zonal and
national champions of the annual event.
- BT Group CEO, Ben Verwaayen delivered a lecture on ‘Opportunities and
Challenges for talented Indians in today’s global workforce’, for students,
professionals and media representatives, using NIIT Imperia synchronous learning
platform, across nine cities.
- HiWEL, a joint initiative of NIIT and International Finance Corporation, has
entered into an agreement with Ministry of Information and Communication
(MoICT), Republic of Uganda to set up learning stations for the socially and
economically disadvantaged children of Uganda.
- NIIT has been awarded the Avaya GlobalConnect Customer Responsiveness Award
for the third year in succession.
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 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
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.
For media queries, please contact:
Prateek Chatterjee, NIIT Limited, Ph: +91 9910201085, prateek.chatterjee@niit.com or
Shivanjali Singh, NIIT Limited, Ph: +91 9811991107; shivanjali.singh@niit.com or Visit
www.niit.com
Investors may contact: Kapil Saurabh, NIIT Ltd, Ph: +91 124
4293000