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| NIIT Tech's Q4 net down 15 per cent |
| BS Reporter / New Delhi May 27, 2009, 00:51 IST |
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Foreign exchange losses of Rs 22 crore in the quarter ate into the profits of Delhi-based NIIT Technologies, which posted a profit after tax (PAT) of Rs 26.3 crore for the fourth quarter ended 31 March, 2009, down 15 per cent from Rs 31 crore in the corresponding quarter last year.
Revenue for the quarter, at Rs 227 crore, fell 9 per cent from Rs 248.5 crore. With a fresh order intake of $46 million (Rs 220 crore) in the quarter, the company added five new customers.
Sequentially, PAT jumped 56.5 per cent from Rs 16.8 crore in the trailing quarter while revenue declined 8.6 per cent from Rs 248.5 crore.
“Verticals like insurance, travel and retail, that contributed 81 per cent to revenues last year, have now contributed 84 per cent.,” said Arvind Thakur, CEO, NIIT Technologies.
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