NIIT Tech may disappoint with operating performance in Q1

NIIT Technologies' operating profit is likely to fall by 10.3 percent quarter-on-quarter to Rs 79.3 crore and operating profit margin is seen declining 210 basis points Q-o-Q to 14.3 percent during first quarter of FY14.
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Jul 15, 2013, 05.45 PM | Source: Moneycontrol.com

NIIT Tech may disappoint with operating performance in Q1

NIIT Technologies' operating profit is likely to fall by 10.3 percent quarter-on-quarter to Rs 79.3 crore and operating profit margin is seen declining 210 basis points Q-o-Q to 14.3 percent during first quarter of FY14.

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NIIT Tech may disappoint with operating performance in Q1

NIIT Technologies' operating profit is likely to fall by 10.3 percent quarter-on-quarter to Rs 79.3 crore and operating profit margin is seen declining 210 basis points Q-o-Q to 14.3 percent during first quarter of FY14.

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NIIT Technologies is set to announce its first quarter (April-June) earnings on Tuesday. Analysts on an average expect the software services provider to report profit after tax at Rs 56.9 crore during the quarter as against Rs 56.6 crore in previous quarter, according to CNBC-TV18 poll.

Revenues are seen going up by 2.9 percent to Rs 553 crore in June quarter from Rs 537.2 crore in March quarter.

Meanwhile, operating profit is likely to fall by 10.3 percent quarter-on-quarter to Rs 79.3 crore and operating profit margin is seen declining 210 basis points Q-o-Q to 14.3 percent during first quarter of FY14.

Also Read - Infosys beats street; Q1 net up 4% YoY; holds FY14 guidance

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NIIT Tech may disappoint with operating performance in Q1

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