NIIT back in black in Oct-Dec quarter
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NIIT back in black in Oct-Dec quarter

By SiliconIndia   |   Friday, 30 January 2004, 08:00 Hrs
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NEW DELHI: NIIT on Friday reported a profit after tax of Rs 0.5 crore for the quarter ended December 2003, compared to a loss of Rs 8.6 crore in the year-ago period.

The IT company's global system-wide revenues were, however, up by 21 per cent year-on-year at Rs 236.7 crore.

NIIT's operating profit was also up at Rs 15.3 crore, an increase of 265 per cent year on year.

This has resulted in an operating margin of 7.6 per cent leading to an improvement of 499 basis points.

The company recorded software order intake of $43.4 million during the quarter ended December 2003, its CEO Vijay Thadani told reporters at a news conference.

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