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NIIT to invest Rs 120 crore in financial year 2012-13

10 May 2012 Evaluate

NIIT, a leading global talent development corporation and Asia’s largest IT trainer, is likely to invest Rs 120 crore in financial year 2012-13. These funds will be used for setting up new campuses for cloud computing, skill development and Yuva Jyoti program.

During last fiscal year, the company invested Rs 153 crore. It has continued to scale up its focus on four platforms - cloud campus, vocational skills training, managed training services and solutions for schools - to drive next phase of growth.

The company reported net profit of Rs 26.1 crore for fourth quarter ended March 31, 2012, up 31 per cent from Rs 19.9 crore in the corresponding period last year. The company's net revenue stood at Rs 257 crore during the January-March quarter that grew by 17 per cent against Rs 220 crore in same period in 2011.

NIIT Share Price

89.07 1.92 (2.20%)
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Peers
Company Name CMP
NIIT Learning Sys 216.25
Excelsoft Technologi 80.60
Aptech 118.85
NIIT 89.07
Compucom Software 14.04
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