NIIT Technologies has reported a net profit of ₹40.1 crore for the second quarter ended September 30, 2014, which is 36 per cent lower compared with ₹62.4 crore in the corresponding period last year.

The operating profit also declined by 7 per cent year-on-year to ₹82.2 crore during the period, from ₹88.6 crore.

The company's consolidated revenue was flat at ₹588.3 crore in the July-September quarter against ₹587.3 crore in the corresponding period in 2013.

“The loss in net profit was mainly due to currency fluctuation,” said Arvind Thakur, Chief Executive Officer and Joint Managing Director, NIIT Technologies. Going forward, the company’s major focus would remain in the US and India, as regions such as Europe, West Asia and Africa were going through some turmoil, he said.

“We are seeing some stress in Germany and there are weak output and conflict in the European region. Europe could be a challenge as we see it. Therefore, we are really looking at growth and expansions in the US in both travel and insurance,” Thakur said.

Geography-wise, the company generated 44 per cent from the US, 38 per cent from Europe, West Asia and Africa, 7 per cent from Asia Pacific and 11 per cent from India, in the consolidated revenue during the quarter. The company got five new customers during quarter and got $103 million of fresh orders.

Meanwhile, the board of NIIT Tech has appointed Holly Morris as non-executive Additional Director. Morris has 25 years of experience in the industry with roles like CIO at Thrivent Financial and Senior Vice-President at American Express Global Financial Services.

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