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Corporate Results - Software
Info-Tech - Financial Performance
NIIT Tech PAT rises 92% in Q3

Our Bureau

New Delhi , Jan. 17

NIIT Technologies Ltd has reported a 92-per cent jump in profit-after-tax (PAT) at Rs 34.6 crore for the third quarter ended December 31, 2006, compared with Rs 18 crore posted during the corresponding quarter of the previous fiscal. The company posted consolidated revenue growth of 47 per cent, at Rs 231.5 crore from Rs 157.4 crore in the previous year.

For the quarter, the solutions business contributed 94 per cent of the revenues at Rs 217.3 crore, while the BPO segment contributed the remaining 6 per cent at Rs 14.2 crore.

In the latest quarter, the company accrued 50 per cent of its revenues from Europe, 33 per cent from America and 17 per cent from Asia Pacific including India. The revenues from BFSI, transportation & travel, retail and manufacturing vertical grew to 81 per cent of the consolidated revenues.

The company posted a record fresh order intake of $56 million during the quarter.

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