NIIT Technologies Q1 net at Rs 35.1 cr

For the same time period the company reported 7.1 per cent increase in revenues to stand at Rs 245.8 crore in the first quarter of 2008-09 as against Rs 229.4 crore in the same quarter in the previous fiscal.

Europe, Middle East and Africa (EMEA) continued to contribute 52 per cent of the total revenues for the country. Meawhile India increased its share from 7 per cent last year to 8 per cent in the quarter ended 30 June, 2008 as the revenue share of the Americas declined to 30 per cent as compared to 31 per cent contributed earlier.

The contribution of the transportation vertical in the company continued to rise as it rose from 23 per cent in the quarter ended 30 June, 2007 to 28 per cent in the reported quarter. The banking and financial services vertical declined from 45 per cent last year to 42 per cent in the quarter ended 30 June, 2008. Retails and manufacturing meanwhile rose marginally to 13 per cent from 12 per cent reported in the previous fiscal.