NIIT redefines education through Cloud Campus

Chennai: NIIT Limited, leading Global Talent Development Corporation and Asia’s largest IT trainer, has reported its results for the fourth quarter ending March 31, 2013. The company recorded Profit after Tax for the year at Rs. 26.3 crore on annual net revenue of Rs. 960.8 Cr. During the quarter, the company’s Net Revenue stood at Rs. 221.6 Cr and the PAT was recorded at Rs. 2.7 Cr. The EBITDA was at Rs. 7.1 Cr for Q4.

The results were taken on record at the meeting of the Board of Directors. The Board also proposed a dividend of 80 per cent.

During the financial year 2012-13, NIIT reinforced its vision to usher in a new way of learning by taking its pioneering Cloud based offerings across its four platforms of growth – Managed Training Services, NIIT Nguru, NIIT Yuva Jyoti and Cloud Campus. Through this initiative, NIIT is redefining the education landscape by making available new-age skills to students and learners across geographies. The extended range of training offerings in IT, Banking, Global Finance, Management, Digital & Social Media Marketing under Cloud CampusTM is aimed at transforming learners into first-day first-hour industry-ready professionals.

Commenting on the company’s strategic vision, Rajendra S Pawar, Chairman, NIIT Limited said, “NIIT Cloud Campus redefines education”. In a significant development during the year, NIIT entered into a strategic alliance with Microsoft to create newly-skilled 1,00,000 Microsoft certified Cloud-ready professionals over the next three years.

Career Building Solutions (CBS) recorded net revenue of Rs. 98.1 Cr during the quarter, backed by a growth of 48pc in enrolments into Banking courses. Cumulative Cloud Campus enrolments crossed 27,000 in Q4.

During the year, NIIT partnered with Digital Marketing Institute (Ireland) to offer globally renowned digital marketing programs to its students in India. NIIT further introduced training programs for additional domains like Applied Financial Management and Online Marketing, over the year.

NIIT strengthened its IT training portfolio during the quarter, by entering into a MoU with NASSCOM to enhance skill development of graduates through in-campus training initiative, across colleges in the country.