Page 3 - Niit

NIIT soars over 10% on healthy Q1 results

The stock soared nearly 15% to Rs 103 after the company reported profit at Rs 10.4 crore in Q1FY18.

NIIT-led consortium bags 5-year deal worth Rs 750 cr from Canada's RECO

It is a not-for-profit corporation that regulates real estate profession protecting public interest

NIIT Tech net profit down over 47% to Rs 28.6 cr for Q1

NIIT Technologies today reported a 47.5 per cent decline in its net profit for the first quarter of current fiscal at Rs 28.6 crore on account of a one-time provision of Rs 36.1 crore.The company said it has made a provision of Rs 36 crore for amounts outstanding in respect of a government contract, where the programme has been put on hold to resolve project issues.The company though did not share specific details about the project but said it is trying to resolve issues regarding the project.The company had reported a net profit stood of Rs 54.4 crore in the corresponding period last fiscal.Revenues of the firm grow 4.5 per cent to Rs 670.7 crore in the reported quarter from Rs 642.1 crore in the April-June 2015 quarter, as per Indian Accounting Standard."International revenues improved marginally during the quarter, revenues declined sequentially mainly on account of seasonality in our domestic GIS business", said Arvind Thakur, CEO and Joint MD, NIIT Technologies Ltd.During the ...

NIIT expands presence in China, signs two deals

NIIT first established its presence in China in 1997

NIIT March-quarter net at Rs 17.8 cr

Revenue grew 7% to Rs 238.9 crore during the quarter under review

NIIT looks to target digital skills space

Its centres will focus on high-end programmes to generate employable candidates