Our Bureau

New Delhi, Oct. 28

NIIT Technologies Ltd has reported 2.5 per cent drop in net profit in the second quarter ended September 2005 to Rs 15.1 crore compared to Rs 15.5 crore clocked during the corresponding period previous year.

During the quarter, revenues jumped 7.6 per cent to Rs 147.5 crore from Rs 137 crore in the year-ago period. The operating margin stands at 18 per cent.

Of the overall revenues of Rs 147.5 crore, about 44 per cent was contributed by Europe, 38 per cent by the Americas and 18 per cent by Asia-Pacific, including India. The IT solutions business contributed Rs 137.4 crore to the revenues while BPO accounted for the remaining Rs 10.1 crore.

"In addition to achieving revenues and profit growth of eight per cent quarter-on-quarter, the company bagged fresh orders of $34 million," Mr Arvind Thakur, CEO of NIIT Technologies, said.

The company added six new customers during the July-September quarter, which helped take the pending order book executable over the next 12 months to $78 million.

(This article was published in the Business Line print edition dated October 29, 2005)
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