NIIT Technologies' consolidated revenues at Rs 233.8 cr for Q3

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Mumbai, Jan 18 (UNI) Global IT solutions organisation, NIIT Technologies' consolidated revenues stood at Rs 233.8 crore for the third quarter ended December 31, representing a growth of two per cent over the last quarter.

NIIT Technologies CEO and Joint Managing Director Arvind Thakur said, ''The Company continued to extract efficiencies from operations and notched half per cent improvement in operating margins in spite of the appreciating rupee. The quarter experienced an excellent intake of USD 59 million of fresh business.'' The Company does business primarily in three industry segments -- BFSI, Travel and Transportation, and Retail and Manufacturing -- which contributed 42, 26 and 12 per cent respectively to the revenues.

It is also investing in building non-linear business lines where the growth in revenues does not require proportionate increase in head count.

NIIT Technologies Chairman Rajendra S Pawar said, ''To mitigate the long term impact of rising costs and strengthening of the rupee, the Company has accelerated the pace of transformation towards non-linear business, IP-Asset based services contribute a sizeable 11 per cent of revenues.'' NIIT Technologies offers services in application development and maintenance, enterprise solutions including managed services and business process management to organisations in the financial services, transportation, retail, manufacturing and government sectors.

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