NIIT Tech's Q1 profit up 61 percent

Monday, 30 July 2007, 07:00 Hrs
Printer Print Email Email
New Delhi: Global IT solutions major NIIT Technologies Ltd. Friday registered a robust net profit of 351 million against last year's 218 million, up by 61 percent in the first quarter of the current fiscal (2007-08).

The Delhi-based firm's consolidated revenues stood at 2.29 billion, an increase of 20 percent compared to 1.91 billion in the first quarter of 2006-07.

Europe continued to provide maximum share of the business, representing 52 percent of the total revenues, while the Americas contributed 31 percent of overall revenues during the quarter. The rest of the world contributed 17 percent of the revenues.

"We added six significant customers leading to a fresh order intake of $40 million. The pending order book executable over the next 12 months stands at $105 million," said Arvind Thakur, CEO and joint managing director, NIIT Tech.

During the quarter, the company recruited 106 new professionals taking the total headcount strength to 4,554.
Source: IANS
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..