NIIT Tech Q3 net dips 5.3%

NIIT Technologies also announced that it secured a $300 million deal with a 10-year period from a US-based client in the BFSI segment.

New Delhi | January 15, 2014 04:05 AM IST

1 min read

NIIT Technologies on Tuesday reported 5.3 per cent decline in its consolidated net profit at Rs 53.1 crore for the third quarter ended December 31, 2013.
The firm had posted a net profit of Rs 56 crore in the year-ago period. Consolidated revenues rose by 14.2 per cent to Rs 587.3 crore in October-December quarter this fiscal compared to Rs 514.4 crore in the same quarter of 2012-13 fiscal. NIIT Technologies also announced that it secured a $300 million deal with a 10-year period from a US-based client in the BFSI segment.
NIIT Technologies CEO and joint managing director Arvind Thakur said: “Strong growth in western markets, particularly in the US, contributed to the sequential growth in services.”

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