NIIT Tech FY11 revenue rises 34.9%

NIIT Technologies, an IT solutions company, reported a 34.9% increase in its consolidated revenue for the year-ended March 2011 over that of the previous year at Rs 1,232.3 crore.

At the same time, net profit increased by 44.2% to Rs 182.2 crore and operating profit rose by 27.3% to Rs 240.4 crore.

Commenting on the results, Arvind Thakur, CEO, NIIT Technologies said: "Strong traction in the travel space and BFSI (Banking and Financial Services Institutions), as well as excellent growth in the US and APAC through the year contributed to these impressive results. Growth in the domestic market was exceptional on the back of large government engagements."

The company Board has also Rs 7.5 per equity share as dividend.