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Net Sales are expected to increase by 7.5 percent Q-o-Q (up 19.7 percent Y-o-Y) to Rs. 848.3 crore, according to ICICI Direct.
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On the back of strong order pipeline, experienced senior management team and energised sales force, the momentum of robust performance is likely to continue.
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Net Sales are expected to increase by 2.3 percent Q-o-Q (up 7.8 percent Y-o-Y) to Rs. 773.8 crore, according to Motilal Oswal.
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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 company expects a healthy Q4 in terms of both revenue growth as well as margin.
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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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Software services provider NIIT Technologies' third quarter profit is seen rising 7 percent sequentially to Rs 63 crore on reversal of provision but topline and operational performance may be week.
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Net Sales are expected to increase by 3.8 percent Q-o-Q (up 5.7 percent Y-o-Y) to Rs 717.5 crore, according to Motilal Oswal
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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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Revenue is expected to increase by 3.2 percent Q-o-Q (up 1.8 percent Y-o-Y) to Rs 690.3 crore, according to ICICI Securities.
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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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Revenue in dollar terms may increase marginally to USD 102 million from USD 101.7 million on sequential basis
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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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Revenue may show a slight decline in constant currency terms. There were sizable project completions in the prior quarters and no immediate new project ramp-up to compensate for this. The company has a large exposure to British pound (about 18 percent), and hence there will be cross currency headwinds of 120 -130 basis points.
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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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Revenue is seen rising 1.8 percent to Rs 690 crore during the quarter against Rs 677.9 crore in previous quarter. Operating profit margin may expand 20 basis points to 17.8 percent in quarter gone by.
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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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Revenue may increase 5 percent to Rs 673.5 crore in second quarter of current financial year compared to Rs 641.1 crore in previous quarter, driven more by international business rather than domestic business.
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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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Religare says margins may be impacted by wage hike and visa cost. As of Q4 day sales outstanding (DSO) stand at 93 days which are at the higher end of the industry.
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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.
