NIIT, an information technology education and software services major, has reported 21 percent higher profit for the first quarter of this fiscal at Rs.131 million against Rs.109 million for the same period last fiscal.
The company's global system-wide revenues of Rs.1.6 billion represent a 12 percent increase, while consolidated net revenues of NIIT and its subsidiaries have gone up 10 percent to touch Rs.1 billion, a company statement here said.
The operating profit has grown 11 percent to Rs.140 million, leading to an improvement in the operating margin to 13.4 percent this quarter.
Commenting on the company's Q1 performance, NIIT chairman Rajendra S. Pawar said: "Business volumes and operating efficiencies have improved in all segments, leading to a 21 percent improvement in net profit."
According to the company statement, NIIT also registered a 15 percent growth in student enrolments in this quarter.


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