NIIT Tech to invest Rs 115 cr on capex in FY08

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NIIT Tech to invest Rs 115 cr on capex in FY08

NIIT Tech came out with its Q3 FY08 result and held a conference call to dicuss the same. The company is planning to invest Rs 115 cr on capex in FY08.

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ALSO READ News and Notices about NIIT Tech See interviews with NIIT Tech Management See what other Experts & Brokerages are saying about NIIT Tech See previous Results of NIIT Tech NIIT Tech BSE | NSE 28/05/12 Are Mutual Funds betting on NIIT Tech?

NIIT Tech came out with its Q3 FY08 result and held a conference call  to dicuss the same. The company is planning to invest Rs 115 cr on capex in FY08.

Few keytakeaways of  NIIT Technologies concall......

BPO contributes 5% of total revenues.

Out of total revenues 49% contributes by Europe, 31% by US and 20% from other geographical area.

The currency impact is of 6.7% on currency on YoY basis.

The company has planned a capex of Rs 115 cr for FY08, which includes Rs 65 cr for the construction of a new campus in Noida that is expected to get complete by FY09

The total order at this level is USD 59 million.