NIIT Tech Q3 net up 34% at Rs 64 cr

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NIIT Tech Q3 net up 34% at Rs 64 cr
NIIT Technologies has reported a growth of 33.8 per cent in net profits for the quarter ended December 31, 2011 at Rs 64 crore.

The company had posted a net profit of Rs 47.8 crore during the same period last year, said the company in its filing to the Bombay Stock Exchange on January 18, 2012.

Meanwhile, revenues of the company grew 44 per cent to Rs 433 crore in Q3 FY12, as compared to Rs 300.6 crore during Q3 FY11.

Commenting over the development, Arvind Thakur, CEO of NIIT Technologies Ltd said “We are pleased to report another quarter with all round revenue growth in each geography, and a quarter with growth in every industry segment of focus".

Cheering the news, shares of the company closed at Rs 212.20, up 3.11 per cent from previous close on BSE.

On Thursday shares were trading at Rs 216.05 up by 3.85points or 1.81%.

Dion Global Solutions Ltd

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