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NIIT Technologies Ltd has registered a consolidated net profit of Rs 100.2 crore, up 32.5 per cent, for the quarter ended December 31, 2018. The company registered a net profit of Rs 756 crore for the same quarter in 2017. However it was down by 10.3 per cent compared to the quarter ended September 31, 2018.
The consolidated revenue saw a jump of 28.5 per cent at Rs 971.7 crore as opposed to Rs 756.5 crore in the comparable quarter last year. The quarter saw order intake of $165 million with $375 million businesses executable over the next 12 months, according to a press release. The quarter saw overall growth in digital engagements, geographical information system and infrastructure management services.
Americas and Europe, Middle East and African region continue to be the largest revenue generator accounting for 49 per cent and 33 per cent of total revenue respectively. While the strong growth the US is due to growth across all major verticals, digital engagements and IMS execution. On the business front, insurance and transport and travel are major revenue generators contributing 30 per cent and 26 per cent of the total revenue. According to the release, growth in banking and financial services was driven by higher revenue in the US and EMEA.
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