NIIT reports a net loss of Rs 10 core in Q1

NIIT, IT training services firm has reported results for its first quarter ended June 30, 2011.

On a standalone basis, the company posted a net loss of Rs 10 crore for the quarter ended June, 2011, as against a profit of Rs 0.97 crore in the same quarter of the previous fiscal. Revenues rose to 10.14% Rs 156.22 crore in the first quarter of 2011, compared to Rs 141.84 crore in the corresponding year-ago period.

Recently, NIIT has collaborated with IBM, a global technology and innovation company, to offer experiential learning to early professionals ready to join the IT industry.