NIIT Technologies CFO Pratibha Advani says that the overall results of the company have been good in Q4 and expects margins to expand further on the back of large deal wins.
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.
Net profit of NIIT Technologies‘ rose 30 percent quarter-on-quarter. It rose to Rs 56 crore in the third quarter of current financial year 2012-13, but with that year-on-year the net profit declined 12.5 percent.
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.
In an interview with CNBC-TV18, Rajendra S Pawar, Chairman of NIIT Tech said the order intake was very good this quarter and has led to a growth in topline.
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."
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.
In an interview with CNBC-TV18’s Sonia Shenoy, Arvind Thakur, CEO, NIIT Technology said, the company has had a good overall performance. He expects margins to improve, going forward, in the GIS business.
In an interview with CNBC-TV18, Arvind Thakur, CEO, NIIT Technologies spoke about the quarterly numbers of the company.
Rajendra Pawar, chairman, NIIT Technology, in an interview with CNBC-TV18’s Gautam Broker and Reema Tendulkar spoke about the latest happenings in his company and sector.