The software company NIIT Technologies is confident of surpassing National Association of Software and Services Companies‘ (NASSCOM) growth forecast for the current financial year buoyed by large order wins.
In an interview to CNBC-TV18 Arvind Thakur, CEO, NIIT Technology talked about the fresh orders they have bagged from one of their older client Morris Communications. He informed that they are in the process of executing that engagement and they may see USD 20 million improvements in revenues from Morris.
Arvind Thakur, chief executive officer, NIIT Technologies says the rupee has appreciated against the dollar, euro and the pound as a result of which the other income which were positive in last quarter has turned negative this quarter which resulted in sequential decline in net profits.
Speaking to CNBC-TV18, Vijay Thadani, chief executive officer of NIIT said the aim of selling its US subsidiary was to increase focus on management training services and other platforms of growth.