Jul 19, 2012, 10.22 PM IST

Order executable over next 12 months at $240m: NIIT Tech

Rajendra Pawar, NIIT Tech says, in terms of order intake, it was another good quarter, USD 83 million. "The order executable over the next 12 months is USD 240 million, 20% higher than what it was the same period last year."

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Rajendra Pawar, Chairman, NIIT Technologies
NIIT Technologies ' consolidated net profit grew higher than expected by 24.5% quarter-on-quarter and 40% year-on-year to Rs 57.5 crore in the first quarter of FY13.


In an interview to CNBC-TV18, Rajendra Pawar, NIIT Tech says, Q1 has been a very strong quarter. "Revenues, on a year-on-year basis, are up 43% and net profit is up 40%. Net profit, on a quarter-on-quarter basis, has been strong, it is up 24.4%," he elaborates.


He further says, in terms of order intake, it was another good quarter, USD 83 million. "The order executable over the next 12 months is USD 240 million, 20% higher than what it was the same period last year. So, we are seeing, in my view, a very strong quarter. The order executable over the next 12 months also shows this ability. So that's the picture as we see at this point in time. So, it's been a very good quarter for us," he adds.


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