NIIT said that its US-based subsidiary has signed a managed services agreement with an existing client in the US to provide a range of learning services.
NIIT (USA) Inc., USA, a wholly owned subsidiary of NIIT, has signed a managed services agreement with a US based financial services organization (an existing client) to provide a range of learning services.The term of the agreement is five years. Both companies see this as a significant partnership to transform the effectiveness and efficiency of regulatory and compliance learning within the financial services sector.
NIIT's consolidated net profit jumped 53.3% to Rs 41.36 crore on a 3.9% increase in net sales to Rs 253.35 crore in Q3 FY21 over Q3 FY20.
Shares of NIIT fell 0.70% to Rs 184.90 on BSE. NIIT is a skills and talent development corporation that is building a manpower pool for global industry requirements.
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