CNBC-TV18's Nithya Balakrishnan is in conversation with Arvind Thakur of NIIT Technologies for his first reaction post NASSCOM's strategic industry review.
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.
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.
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
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.
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.
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.
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.
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.