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NIIT Technologies Q4 net up 21% at Rs 50 cr

NIIT Technologies Q4 net up 21% at Rs 50 cr
PTI
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First Published: Sat, May 07 2011. 12 39 AM IST
Updated: Sat, May 07 2011. 12 39 AM IST
New Delhi: IT solutions services provider NIIT Technologies on Friday reported a growth of 21.1% in consolidated net profit to Rs 50 crore for the quarter ended 31 March 2011.
The company had posted a net profit of Rs 41.3 crore for the same period last year, NIIT Technologies said in New Delhi.
“Strong traction in the travel space and banking financial services and insurance, as well as excellent growth in the US and Asia-Pacific region through the year, contributed to these impressive results,” NIIT Technologies CEO Arvind Thakur told reporters here.
Revenues rose to Rs 315.7 crore during the January-March quarter from Rs 239.2 crore in the same period last year.
For the full year, the company reported a jump of 44.2% in net profit to Rs 182.2 crore and revenues grew to Rs 1,232.3 crore, up 34.9%.
The board has proposed a dividend of Rs 7.5 per share of Rs 10 face value.
Shares of NIIT Technologies were trading at Rs 190.50 on the BSE today, up 1.46% from the previous close.
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First Published: Sat, May 07 2011. 12 39 AM IST