Niit Technologies

NIIT announces appointment of Pankaj Jathar as chief executive officer

Jathar has over 25 years of professional experience in consumer-focused businesses, including e-commerce, startups, and D2C ventures

Demand soft across sectors, may look at new segments: NLSL CEO Lalla

As first announced in January 2022, the company became a separate entity after a demerger of NIIT Limited's corporate learning business in May this year

NIIT Learning completes investment in EIT InnoEnergy for clean energy

InnoEnergy currently has a portfolio of 200 companies, three of which are unicorns, on track to generate $118 billion in revenue and save a total of 2.1G tonnes of CO2e by 2030

NIIT Learning Systems Q1 results: Consolidated net profit at Rs 55.17 crore

NIIT Learning Systems on Thursday reported a consolidated net profit of Rs 55.17 crore for the first quarter ended June 30, 2023. NLSL had posted profit after tax (PAT) of Rs 55.2 crore in the same period a year ago, the company said in a regulatory filing. The revenue from operations grew 22 per cent at Rs 382.3 crore, up from Rs 312.5 crore in the June 2022 quarter. "Despite the challenging macroeconomic environment and prevailing uncertainty, the business continues to attract new customers as well as maintain its track record of 100 per cent renewals. "This would provide a strong platform for growth as we see a reversion to normal consumption levels," NIIT co-founder and NLSL Managing Director Vijay K Thadani said. In a statement, the company said the "results are not comparable with previously declared results due to the transfer of Corporate Learning Business undertaking from NIIT to NLSL, with effect from April 1, 2022, the appointed date". NLSL has partnered with EIT InnoE

Rising offshore revenue to be growth huge lever for years: Coforge CEO

The IT solutions provider has posted a consolidated net profit of Rs 220.6 crore for Q2FY23, up 36.6% YoY. Its revenue growth was driven by offshoring expansion

Mid-sized tech company Coforge acquires BPM firm SLK Global for Rs 918 cr

The acquisition is expected to expand Coforge's BPM operations, strengthen its financial services business, and increase presence in North America

NIIT Tech targets $1 bn revenue a year, plans to expand into healthcare

Current revenue at $600 mn; firm offers no timeline for $1 bn goal but says it will be achieved organically without any acquisitions

NIIT Ltd posts consolidated net profit at Rs 29 crore in June quarter

NIIT Ltd on Friday said its consolidated net profit stood at Rs 29 crore in June 2020 quarter. The skills and talent development firm had posted a loss of Rs 1.5 crore in the year-ago period on a like-to-like basis (excluding the impact of a one-time capital gain on divestment in the first quarter of FY2019-20). NIIT Ltd had divested its shareholding in NIIT Technologies last year. The revenue remained flat at Rs 201.8 crore in the April-June 2020 quarter from the year-ago period. On a sequential basis, net profit registered a manifold growth (from Rs 0.6 crore in March 2020 quarter), and 4 per cent decline in revenue from Rs 211.2 crore in the March 2020 quarter. "I think NIIT kept its head above the water given the challenging circumstance that we were put in because of COVID-19. NIIT continued to work with all its customers and several customers, whose contracts came up for renewal during this past quarter, were renewed," NIIT CEO Sapnesh Lalla said. He added that the company

NIIT Technologies surges 7%, nears 52-week high post June quarter results

The company secured fresh business of $186 million during the quarter, which included a large deal along with two more significant deals

NIIT Tech reports 21% drop in net profit to Rs 80 cr for June quarter

The IT company had reported a net profit of Rs 100.6 crore in April-June period of the last financial year, NIIT Technologies said in a statement

Hexaware plans voluntary delisting, board to discuss proposal next week

Analysts see delisting as a move towards making the company leaner before any further step of a merger or complete

NIIT Tech's Rs 337-cr buyback offer to open on May 29; stock surges 9%

The stock has rallied 17 per cent in the last four days

NIIT Technologies gains 10% on robust March quarter earnings report

For Q4FY20, the company reported order intake of $180 million, with three large deals secured

NIIT Technologies' shareholders approve Rs 337.4 cr buyback programme

The buyback proposal through the tender offer route, aggregated up to Rs 337.46 crore

NIIT Technologies scale fresh all-time high; stock surges 20% in 3 weeks

A strong rally in the stock price has led the counter to trade 9 per cent above its proposed share buyback price.

NIIT Tech gains 3%, trades near record high as board approves share buyback

The board of directors of the company at their meeting held on December 23, approved buy-back of up to 1.96 million equity shares at a price of up to Rs 1,725 per share via tender offer.

Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

The daily, as well as weekly, MACD for Nifty, is still in buy mode; hence, the bulls still have an upper hand on that front

NIIT Technologies surges 6% as board to mull share buyback plan

The board of directors of NIIT Technologies is scheduled to meet on December 23, 2019, to consider and approve proposal for buy-back of the equity shares of the company.

Stock recommendations by Tradebulls Securities: Buy NIIT Tech, sell UPL

Nifty outlook and two stock calls by Sacchitanand Uttekar, DVP - Technical (Equity) of Tradebulls Securities

Stock recommendations from Anand Rathi: Buy Asian Paints, NIIT Tech

Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers