Company Profile For NIIT Ltd

NIIT Ltd (NIIT.BO) (Bombay Stock Exchange)

sector: Technology · industry: IT Services & Consulting ·

As of 24 Nov 2009

69.60INR

Price Change

+3.20

Percent Change

+4.82%

Analyst Recommendations

Overview

NIIT Limited (NIIT) is engaged in global learning business. During the fiscal year ended March 31, 2009 (fiscal 2009), the Company partnered with various technology companies like SAS, Cisco and Microsoft and expanded its product portfolio by launching various programs like Futurz-99, Global Net+ and Microsoft Silverlight. During fiscal 2009, the Company consolidated its presence in the areas of financial services training and executive management education, with the two businesses Institute of Finance, Banking and Insurance (IFBI) and NUT Imperia. During fiscal 2009, the Company divested its interest in Mind Shaper Technologies Private Limited.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 March 2009, NIIT Limited's revenue increased 15% to RS11.69B. Net income decreased 8% to RS697.6M. Revenues reflect increased income from operations in India, America and Europe. Net income was offset by increased consumption of raw materials, an increase in personnel cost, a rise in development, production & execution costs, increased selling & administration expenses and higher depreciation charges.