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CNBC-TV18's Nithya Balakrishnan is in conversation with Arvind Thakur of NIIT Technologies for his first reaction post NASSCOM's strategic industry review.
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In an interview with CNBC-TV18, Arvind Thakur CEO and Joint MD of NIIT Technologies discussed the Q3 performance of the company.
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Growth was seen on the back of expansion in BSFI segment and US markets, said Arvind Thakur, CEO & Joint MD at NIIT Technologies.
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The country's midcap IT companies chiefs are of the view that share buybacks by companies must be backed well with a proper cash expenditure plans.
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Thakur says the company has witnessed an expansion in margins every quarter and is confident of reaching an exit margin of 17.5 percent by the end of current fiscal.
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In an interview with CNBC-TV18, Arvind Thakur, CEO of the company said that this has one of the best quarters in terms of order inflows which has stood at over USD 100 million per quarter this year.
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The first quarter of FY17 was impacted due to seasonality and softness in insurance business in the UK post Brexit, although there have been no deal cancellations, says Arvind Thakur, CEO of NIIT Technologies.
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Rahul Patwardhan clarified that in the constant currency basis, the revenues from the CLG business for the first quarter of FY17 rose by 13 percent. The 19 percent rise in revenues is in rupee terms. He maintains a guidance of 15 percent for Q2 of FY17.
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Order intake in the first quarter of FY17 was at USD 101 million, while total orders of USD 307 million are to be executed over the next 12 months, said NIIT Technologies COO Sudhir Chaturvedi.
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The company's margins to remain steady due to significant growth in its international and digital business, says Arvind Thakur, CEO & Joint MD, NIIT Technologies.
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NIIT Technologies posted a healthy set of fourth quarter numbers with fourth quarter revenues rising 12 percent to Rs 684.7 crore and it swung to a profit of Rs 79 crore from a loss last year.
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In an interview with CNBC-TV18, Sudhir Chaturvedi, COO of NIIT Technologies discussed the company's third quarter results for this fiscal.
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NIIT Technologies has surpasseds analysts' expectations on Friday with second quarter consolidated net profit rising 16.6 percent sequentially to Rs 68.2 crore on strong operational growth.
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“The quarter witnessed robust 8.9 percent sequential growth in international geographies which helped maintain operating margins at 16.3 percent despite wage hikes†said Arvind Thakur, CEO and Joint MD, NIIT Technologies.
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In an interview with CNBC-TV18, Rajendra S Pawar, Chairman of NIIT discusses the restructuring that the company underwent last year and its future plans.
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Arvind Thakur, chief executive officer, NIIT Tech, says the company has acquired 51 percent stake in Incessant Technologies for USD 17 million and expects it to be margin and EPS accretive.
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In an interview to CNBC-TV18, Thakur says he expect the coming financial year to better than the current one as the US market is recovering
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Speaking from the sidelines of an investor conference held by Antique Stock Broking, KPIT Technologies senior VP and corporate finance head Anil K Patwardhan told CNBC-TV18‘s Anuj Singhal and Reema Tendulkar the company was confident of meeting the USD 498 million revenue forecast it had laid out earlier for the full fiscal year.
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According to Sudhir Chaturvedi COO, NIIT Technologies margins for the company are on an upward trend on back of good order intake, especially from US market business.
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Pratibha Advani, chief financial officer, NIIT Technologies says the company will continue to focus on western markets and is not seeing any slowdown in the demand environment.
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In an interview to CNBC-TV18, Arvind Thakur, CEO & joint MD, NIIT Technologies says the company's revenue is up 30 percent CAGR in the last three years.
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The company's revenue rose 8.4 percent (up 17.4 percent Y-o-Y) to Rs 587.3 crore during September quarter from Rs 541.9 crore in June quarter, led by strong growth in US.
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Arvind Thakur, CEO, NIIT Technologies says, in an interview to CNBC-TV18, that though margins saw a dip in the first quarter due to an increase in wages, he expects margins to improve as the volumes increase over the following quarters.
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Pratibha Advani, CFO, NIIT Tech says the company has USD 263 million worth of executable orders over the next twelve months.
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Arvind Thakur, CEO, NIIT Technologies says, in an interview to CNBC-TV18, that the dip in Q1 margins is normal and that the level of orders and revenues is high.
