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This is an archive article published on July 19, 2011

NIIT Tech Q1 net profit up at Rs 41 cr

The firm had reported a net profit of Rs 40.8 cr for Q1 (April-June) of the 2010-11 financial year.

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IT company NIIT Technologies posted a marginal 0.8 per cent increase in consolidated net profit to Rs 41.2 crore for the quarter ended June 30,2011.

The company had reported a net profit of Rs 40.8 crore for Q1 (April-June) of the 2010-11 financial year.

Total revenues of the company for Q1 of the ongoing financial year were up by 12.8 per cent at Rs 328.8 crore,compared to Rs 291.4 crore for the same quarter of FY’11.

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“Growth during the quarter was a result of significant expansion in business from international geographies,which grew sequentially by 10 per cent,” NIIT Technologies CEO Arvind Thakur said.

In Q1,FY’12,the company made a net addition of 459 employees,taking its total headcount to 6,265. NIIT Technologies said the net addition of employees in the quarter is the highest that the company has ever made in any quarter.

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