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NIIT Tech net declines 7.5%

Kolkata, 1 August: IT solutions organisation NIIT Technologies Limited has reported a 7.5 per cent decline in net profit at…

Kolkata, 1 August: IT solutions organisation NIIT Technologies Limited has reported a 7.5 per cent decline in net profit at Rs 53.2 crore for the quarter ended 30 June 2013. The company’s net profit during the corresponding quarter of the previous fiscal stood at Rs 57.5 crore, it said in a Press release issued here.
The company’s revenues, however, grew by 15.4 per cent to Rs 541.9 crore during the quarter under review from Rs 469.6 crore registered during the same period of the previous fiscal.
“Revenues grew 0.9 per cent sequentially during the quarter,” said Mr Arvind Thakur, CEO, NIIT Technologies Ltd.     sns

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