NIIT Limited :
Q2 (July- September, 2011) Consolidated
Financials at a glance (in
Cr) |
| Quarter
ended September 30, 2010 | Quarter
ended September 30, 2011 | Growth YoY |
Net Revenue | 345.8 | 383.8 | 11% |
EBITDA | 53.2 | 56.0 | 5% |
EBITDA% | 15% | 15% | |
Profit After
Tax | 28.5 | 30.2 | 6% |
According to Mr Rajendra S Pawar, Chairman, NIIT
Limited, “The NIIT Cloud Campus roll-out is transforming learning for a
record 11,000 newly enrolled students.”
NIIT continued with its aggressive
drive to roll out Cloud Campus across India, by recording 11,000 enrolments for
this initiative, since its launch in Q1. One of the most important initiatives
of NIIT in recent times, the new-age GNIIT- “India’s first Cloud Campus”, is
based on cutting-edge cloud computing technology. Students enjoy higher mobility as they can access educational services using a Netbook or a Mobile
device that connects them to NIIT’s Cloud CampusTM
network through data cards.
This introduces a revolutionary educational paradigm
called collaborative learning which fundamentally changes the traditional
classroom based, student-teacher relationship.
With a thrust on vocational skills training, NIIT
entered into one of the largest public-private partnerships with National Skill
Development Corporation (NSDC) to enhance skills and employability of youth
across India. Through this partnership it is estimated that around 7 million
youth will be trained by 2022, in multi-skilling mode. NIIT will setup over 1500 state-of-the-art NIIT Yuva Jyoti Centres,
across 1000 cities in India.
Speaking on the
significant partnership with NSDC, Mr. Vijay Thadani, CEO, NIIT Limited said,
“NIIT- NSDC
partnership for vocational skills aims to train 7 million youth in 10
years.”
Individual Learning Solutions recorded net revenue of
180.2 Cr, up 12% YoY. This was
supported by 11% increase in short term modular enrolments, with India (IT)
Placements growing at 15% YoY on the back of continued acceptance of NIIT
graduates.
During the quarter, NIIT
reaffirmed its leadership position in the IT training space by being ranked as
the Dataquest Top IT Training Company 2011, for the 19th consecutive
year.
Institute of Finance, Banking and Insurance (IFBI)
launched – “BankVantage”- comprehensive career programs in banking, designed and
endorsed by the industry. These programs-- Post Graduate Diploma in Banking,
Diploma in Banking and Certificate in Banking, will develop first day-first hour
ready professionals for the Banking sector.
School Learning Solutions (SLS)
recorded net revenue of
40.5 Cr, up 12% YoY and added 133 schools during the quarter.
NIIT crossed a significant
milestone this quarter with SLS surpassing the 10 million students
mark.
NIIT NGuru- solutions for schools got empanelled by
CBSE’s Continuous and Comprehensive Evaluation (CCE) training program for
teachers.
Referring to the wide impact of NIIT NGuru in shaping
young minds, Mr P Rajendran, COO said, "NIIT has now created another
record of imparting ICT education to 10 million school children in
India".
Corporate Learning Solutions (CLS)
recorded net revenue of
163 Cr, up 10% YoY. Order intake for CLS was at USD 27.9 mn for the
quarter. The closing order book stood at USD 77.8 mn, with 62% executable in the
next 12 months.
During the quarter the Company strengthened the
execution of 6 newly acquired Managed Training Services (MTS) deals, signed in
the previous year, worth USD 110 Mn in potential revenue over the next 5 years.
MTS itself registered a volume growth of 62% YoY.
In a recent development, NIIT divested its stake in its step-down subsidiary, Element K
Corporation and entered into strategic long-term services and licensing
agreements with SkillSoft Corporation to expand its MTS business as a key
platform for growth. NIIT has already added six clients in the MTS business over
the last one year. The cash flow from the sale will allow NIIT to focus on
businesses that offer high growth potential, namely - Cloud Campus, Vocational Skills Training (NIIT Yuva Jyoti), School
Learning Solutions (NIIT NGuru) & MTS.
Other
highlights:
- NIIT was voted India’s second most trusted
Education brand by Brand Equity-Nielsen Survey 2011
- NIIT collaborated with IBM for Career
Education Projects to provide IT industry
skilled professionals with experiential learning
- NIIT Bhavishya Jyoti Scholarship (BJS) - 2011 aimed at
empowering financially challenged meritorious students with exciting careers in
the IT Industry was conducted across India
- NIIT organized India’s first Cloud
Scholarship test across seven metros in India
- Showcased Enterprise Learning Solutions at the
CLO (Chief Learning Officers) Summit India
- NIIT Foundation launched Career Development
Centres in Delhi, Mumbai and Orissa to provide job-oriented training to
under-served youth of the society
- NIIT Foundation adjudged ‘Best Private
Sector Skills Provider’ at UK India Skills Forum (UKISF) Awards
2011
- NIIT was adjudged the ‘Best Result Oriented
ICT School’ in Ghana for the second consecutive year
- NIIT Vietnam
received ICT Gold Medal Award 2011 for the 6th Consecutive Year from the Ho Chi
Minh Computer Association
About NIIT
NIIT Limited, a leading Global Talent Development
Corporation and Asia’s premier IT trainer, offers learning and knowledge
solutions across 40 countries. Leading IT journal Dataquest has conferred upon
NIIT the ‘Top IT Training Company’ award successively for the past 19 years,
since the inception of this category.
NIIT’s Individual
Learning Business offerings include industry-endorsed programs for students
seeking careers in IT – GNIIT and Edgeineers, and Global Net Plus for IT
professionals. The company has introduced “India’s first cloud campus”, through
its new-age GNIIT program. This offers students a higher mobility as they can
access courseware using Netbooks and data cards that connect seamlessly to
NIIT’s Cloud Campus network.
NIIT’s Corporate
Learning Solutions offers Managed Training Services including integrated
learning solutions (strategic consulting, learning design, content development,
delivery, technology, assessment and learning management) to Fortune 500
companies, Universities, Technology companies, Training corporations and
Publishing houses.
NIIT Yuva Jyoti, a
joint venture between NIIT and NSDC, offers vocational skills training programs
to enhance employability of youth across India.
NIIT Imperia -
Centre for Advanced Learning, offers Executive Learning Programs in association
with leading Business schools in India, KPMG, Google India and Internet and
Mobile Association of India (IAMAI), using the synchronous learning
platform.
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 Institute of
Process Excellence Limited, a NIIT-GENPACT venture, addresses the increasing
demand for skilled workers in the business and technology services industry by
providing training programs in relevant areas.
NIIT has provided
computer-based learning to over 15,000 government and private schools. The
futuristic NIIT NGuru range of learning solutions for schools comprises
Interactive Classrooms, Math Lab, IT Wizard programs and Quick School (Education
Resource Planning software).
NIIT has been ranked among the ‘Top 25 Best Employers
in India- 2011’ by Aon Hewitt and ‘Top 25 India’s Best Companies to Work for’ by
Great Places to Work Institute. The company has also been voted the second most
trusted education brand in India by Brand Equity- Nielsen Survey
2011.
For media queries, please
contact:
Prateek
Chatterjee
Associate Vice President & Head
Corporate Communications, NIIT Limited
Ph: (Cell) +91 9910201085, (Dir) +91
124 4293041
Email: prateek.chatterjee@niit.com
Reema
Bardhan
Corporate Communications, NIIT
Limited
Ph: +91 9891267470 ; Email:
reema.bardhan@niit.com
Sumana Bhattacharya, Candour
Communications
Ph: (Cell) + 9810597176 ; Email:
Sumana@candour.co.in
Investors may
contact:
Kapil Saurabh, NIIT Limited, Ph
(Cell) +91 9899117793, (Dir) +91 124 4293324
Email: kapil.saurabh@niit.com
Visit us at: www.niit.com ; Follow us
on: www.twitter.com/niitltd