In an interview to CNBC-TV18, Vijay Thadani, VC & MD of NIIT spoke about the results and his outlook for the company.
"This quarter reflects that our y-o-y revenue has started picking up real momentum and this is first time in 16 quarters that we registered double digit growth in revenue," NIIT Vice Chairman and MD Vijay Thadani said.
NIIT's Vice-chairman and Managing Director Vijay Thadani is confident that the company will perform better in FY17. He expects NIIT's Corporate Learning Group to maintain 15 percent growth rate on the back volatility in exchange rates.
We remain an important part of the government‘s SkillIndia and Start-Up India initiatives, where our products and services have high degree of relevance, says Vijay Thadani, Vice Chairman and MD of NIIT Ltd.
NIIT reported a stellar numbers in the September quarter aided by strong growth in all international geographies. Its net profit jumped 102 percent year-on-year to Rs 20.8 crore
The consolidated revenue of NIIT was around Rs 248.2 crore versus Rs 233.6 cr from a year ago period.
Our corporate learning continues to show robust growth, says Vijay Thadani, CEO, NIIT.
NIIT‘s school business forms over 16 percent of revenue, which will be transferred to HIWEL, its existing wholly owned subsidiary, says Vijay Thadani, CEO, NIIT.
Vijay Thadani, CEO, NIIT says they are downsizing the government part of their school business but private school business is growing. The non-government business is now 59 percent versus 51 percent earlier.
Even though revenues have dropped, Vijay Thadani, CEO of NIIT says three out of four businesses have done exceptionally well.
After reporting a consolidated net profit of Rs 26 crore for the fourth quarter of FY12, up 30% from a year ago period, NIIT is hopeful of maintaining its good performance.
Speaking to CNBC-TV18, Vijay Thadani, CEO of the company said the quarter has been fairly decent in terms of volume growth.
Vijay Thadani, CEO of NIIT, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, said that the company has decided to look after the complete training requirements globally instead of having an in-house training function.