|NIIT Technologies Ltd has announced a 6 per cent rise in its quarterly net profit to Rs 14 crore in the quarter ened June 30 compared with Rs 13.2 crore in the quarter ended March 2004.|
|The company's consolidated revenues for the quarter grew marginally by 7 per cent to Rs 136.5 crore compared with Rs 127.5 crore in the last fiscal. |
While 93 per cent of the company's revenues were contributed y IT solutions, the BPO business accounted for 7 per cent totaling Rs 9.3 crore.
|The company, however, is optimistic about its BPO business which grew by 29 per cent on a year-on-year basis and expects it to contribute to 8 per cent of the company's revenues next year.|
|The company achieved a 19 per cent increase in its operating profit margin in 2004-05 compared with 18 per cent in the previous year due to increased focus on three verticals "" banking, retail and transportation.|
NIIT Tech net up 6% to Rs 14 crore
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