NIIT Limited Q3 (Oct-Dec 2008) Consolidated Results 2008-09
• Global System-wide Revenue up 19% at Rs 389.8 Cr
• Net Revenue up
17% YoY at Rs. 278.9 Cr
• Individual Learning Solutions enrolments up 23%
YoY.
• School Learning Solutions revenue up 74% YoY.
• NIIT Uniqua, the
NIIT-Genpact venture, completes full quarter of operations.
NIIT Limited Consolidated Financials at a Glance (Rs. Cr.)
|
| Qtr ended Dec 31, '07 | Qtr ended Dec 31, '08 | Growth YoY |
Global System-wide Revenue | 327.2 | 389.8 | 19% |
Net Revenue | 238.8 | 278.9 | 17% |
EBITDA | 22.8 | 22.9 | - |
Profit After Tax | 13.9 | 5.5 | -60% |
New Delhi, January 20, 2009: For the quarter ending
December 31, 2008, NIIT Limited, the leading Global Talent Development
Corporation has posted consolidated net revenues of Rs. 278.9 Cr, representing a
17% growth YoY. The company’s system-wide revenue stood at Rs. 389.8 Cr, up
19% YoY.
In this quarter, the company recorded Profit After Tax of Rs
5.5 Cr compared to Rs 13.9 Cr for the same period last year. The launch of NIIT
Uniqua and increased depreciation due to new school projects impacted PAT
for the quarter. NIIT has expanded its presence to over 7800 schools, an
increase of 3000 schools compared to the same quarter last year.
The results were taken on record at the meeting of the Board of
Directors here today.
Commenting on the company’s performance and growth plans, NIIT Chairman
Mr. Rajendra S. Pawar said,
“The launch of NIIT Uniqua strengthens the
portfolio of Talent Development offerings from NIIT.”Individual Learning Solutions – IT recorded 20% growth in net revenue YoY
and 23% growth in enrolments. In China, NIIT recorded 71% growth in revenue over
the same period last year.
Responding to changes in the environment, NIIT introduced six new
programmes for graduates and final year students to make them job ready. The
programmes offer superior value in shorter durations ranging from 99 days to up
to 200 days.
According to Mr. Vijay K. Thadani, Chief Executive Officer, NIIT
Limited, “New initiatives and products contributed to robust growth of
23% in enrolments, globally.”
NIIT, together with major technology partners, launched a series of new
edge programs for Science & Technology graduates in China in this quarter.
School Learning Solutions recorded robust growth of 74% YoY in net
revenue.
In this quarter, NIIT launched the first-ever solution which integrates
Science Labs with classrooms – NIIT eGuru Smart Science Station.
Mr. P. Rajendran, COO, NIIT said, “NIIT’s launch of the unique
Smart Science Station which brings the Science Lab into the classroom follows
the successful introduction of the Math Lab in schools. ”
NIIT further enhanced its offerings with introduction of NIIT e-GURU
Web & Multimedia curriculum, based on world-class Adobe Creative Suite of
Products.
Finance & Management Training Solutions increased
its offerings with the launch of a new financial literacy program and a
Career Program for college students. In this quarter, FMT forged alliances with
Fullerton Securities and Laxmi Vilas Bank.
Corporate Solutions recorded growth of 7% YoY in net
revenue.
With fresh order intake during the quarter at USD 31.8
million, CLS closed the quarter with a pending order book of USD 81.13 million,
up 24% YoY.
Other highlights of Q3 2008:
- NIIT was conferred
the ‘Top Training Company Award 2008’
by the country’s leading publication group Cybermedia, the
publisher of Dataquest.
- NIIT, USA, was awarded the Gold for
Excellence in E-
Learning Award by Chief Learning Officer magazine as part
of its Learning In Practice Awards, one of the industry's
highest honors.
- NIIT announced the endorsement of TOEIC® (Test
of
English for International Communication™) by leading
corporations namely - 24/7 Customer, Wipro, Inventurus,
Call2Connect, Fiserv, HCL, HTMT, Steria, and Minacs.
- NIIT announced
its first batch of GNIITians with Microsoft
Certification.
- NIIT’s DigiArt Festival, iPaint 08, an annual
digital painting
competition, received a record 80,000 entries this year from
schools across India. The overwhelming response was due
to the green initiative wherein, paintings
were uploaded
by the schools on a specially created site.
- NIIT MindChampions
Academy was launched in over 400
schools of Bihar.
- As part of NIIT Imperia Leadership Series, World
Chess
Champion and NIIT MindChampion Viswanathan Anand,
addressed management students and professionals
simultaneously across 19 cities on Management Strategy.
About NIIT
NIIT, Asia’s No. 1 IT trainer and leading Global Talent Development
Corporation, offers learning and knowledge solutions to over 5 million students
across 40 countries.
Leading IT magazine Dataquest has conferred upon
NIIT, the Top IT Training Company Award 2008. Rated among India’s Business
Superbrands 2008, 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.
NIIT offers turnkey IT integration program for schools. NIIT has provided
computer-based learning to over 9,500 government and private
schools.
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 by NIIT with equity participation from ICICI Bank,
offers programs for individuals and corporates in Banking, Financial Services
and Insurance.
NIIT Uniqua, Centre for Process Excellence, addresses the
increasing demand for skilled workers in the business and technology services
industry by providing training programs in relevant areas. This is a part of
NIIT Institute of Process Excellence, a NIIT-Genpact venture.
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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