NIIT Technologies Consolidated Quarter Results (April-June 2007)

NIIT Technologies Consolidated Quarter Results (April-June 2007)

- Profit After Tax at Rs. 35.1 crore; up 61% YoY

- Consolidated Revenues at Rs. 229.4 crore up 20% YoY

- Operating Profit at Rs. 42.5 crore, up 17% YoY

- Fresh Order intake at US $40 million

New Delhi, July 27, 2007: NIIT Technologies Limited, the global IT solutions organization, today announced its first quarter results for the quarter ended June 30, 2007, showing consolidated revenues of Rs. 229.4 crore, representing a growth of 20% over the same period last year.

The Profit After Tax for the quarter grew 61%, over the same period last year to touch Rs. 35.1 crore.

niit Technologies Ltd: Consolidated Performance At A Glance
	*Qtr ended* *June 30, ‘06* *Rs. Cr*	*Qtr ended* *June 30, ‘07* *Rs. Cr*	Growth YoY
Consolidated Revenues	191.0	229.4	20%
Operating Profit	36.3	42.5	17%
Operating Margin	18.9	18.5	-46 basis points
Profit After Tax	21.8	35.1	61%

IT solutions contributed Rs. 213.6 crore to the consolidated revenues, while the BPM business contributed Rs. 15.8 crore, making up 7% of the total pie.

Commenting on the first quarter results, Mr. Arvind Thakur, CEO & Joint Managing Director, NIIT Technologies Ltd said, “We added 6 significant customers leading to a fresh order intake of US $40 million. The pending order book executable over the next 12 months stands at USD 105 Million.”

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

NIIT Technologies Chairman Mr. Rajendra S. Pawar said, “Our net profit grew 61%. The hedging policy mitigated the impact of exchange fluctuation effectively.”

In all, 106 people were added during the quarter, taking the total number of people engaged at the end of the quarter to 4554.

Acknowledgement

A 46% growth in NIIT Technologies’ revenues during 2006-07 to Rs. 886 crore led to the company moving up 3 steps in the recent NASSCOM listing of the Top 20 IT and services exports companies from India

About NIIT Technologies

NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Japan, Asia and Australia. It offers services in Application Development and Maintenance, Enterprise Solutions including managed services (e.g. service desks or operations management) and Business Process Management to organizations in the Financial Services, Transportation, Government, Retail, Manufacturing and Government sectors

NIIT Technologies follows global standards of development, which includes ISO 9001:2000 certification, assessment at Level 5 of both SEI-CMMi and People-CMM frameworks and BS 7799 information security management certification. NIIT Technologies’ Thailand operations are assessed at the international BS15000 IT management standards. NIIT Technologies’ subsidiaries, NIIT Smart Serve Limited and NIIT GIS Limited, offer Business Process Management and GIS Solutions, respectively.

For further information please visit www.niit-tech.com

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