Quarterly result : NIIT Technologies
DSIJ Intelligence / 20 Jul 2017
The company's total sales for Q1FY18 came in at Rs 708.9 crore, which represents a 4.81 per cent sequential decline and 5.7 per cent YoY increase.
NIIT Technologies Ltd. reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 708.9 crore, which represents a 4.81 per cent sequential decline and 5.7 per cent YoY increase.
During the quarter, America contributed 49 per cent of total revenue and EMEA and rest of the world contributed 32 per cent and 19 per cent, respectively, to total revenue.
NIIT’s onsite revenue mix stood at 60 per cent during the quarter, as against 59 per cent in the previous quarter.
Its operating profit for the quarter amounted to Rs 72.3 crores and its EBIT margin stood at 10.2 per cent.
The company reported PAT of Rs 55.5 crore, which represents a sequential QoQ decline of 48.32 per cent and a YoY increase of 67.67 per cent.
NIIT Technologies Ltd is engaged in providing computer programming consultancy and related activities. It provides application development and maintenance, managed services, cloud computing and business process outsourcing to organisations in various sectors, such as financial services; insurance; travel; transportation and logistics; manufacturing and distribution; media, and government.