BackNIIT Technologies Q4 net up 21% at ₹50 cr
NIIT Technologies Q4 net up 21% at ₹50 cr
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New Delhi: IT solutions services provider NIIT Technologies on Friday reported a growth of 21.1% in consolidated net profit to ₹ 50 crore for the quarter ended 31 March 2011.
The company had posted a net profit of ₹ 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 ₹ 315.7 crore during the January-March quarter from ₹ 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 ₹ 182.2 crore and revenues grew to ₹ 1,232.3 crore, up 34.9%.
The board has proposed a dividend of ₹ 7.5 per share of ₹ 10 face value.
Shares of NIIT Technologies were trading at ₹ 190.50 on the BSE today, up 1.46% from the previous close.
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