NIIT records Net Revenue at Rs 262.4 Cr

Chennai: NIIT Limited, leading Global Talent Development Corporation and Asia’s largest IT trainer,  recorded net revenue of Rs 262.4 Cr and profit after tax of Rs 12 Cr in the second quarter of the financial year.

The results were taken on record at the meeting of the Board of Directors.

During the quarter, Corporate Learning Solutions (CLS) recorded net revenues of Rs. 99.3 Cr, up 32% year on year. The pending order book was USD 53.1 Mn, 69% of which is executable over the next 12 months.

Reflecting a strong global acceptance of its Corporate Training offerings - led by Managed Training Services - NIIT received the most prestigious recognition in the learning and development industry: The Brandon Hall Awards in US, this quarter. NIIT won the Brandon Hall Excellence Gold Award in the “Best Training Program for the Extended Enterprise” category, jointly with Allstate. It was also awarded the Brandon Hall Excellence in Learning 2013 Silver Award in the “Best Custom Content” category, jointly with Shell.

Vijay K Thadani, Chief Executive Officer, NIIT Limited said “Our focus on Managed Training Services as one of the four growth platforms, enabled Corporate Learning Business to achieve a growth of 32%, signalling a strong enterprise demand for the offering.”