NIIT Technologies reports over two-fold rise in Q1 net

NIIT Technologies has reported results for first quarter ended June 30, 2012.

On the standalone basis, the company has posted a rise of 157.63% in its net profit at Rs 44.39 crore for the quarter ended June 30, 2012 as compared to Rs 17.23 crore for the same quarter in the previous year.  Total income has increased by 38.30% at Rs 243.68 crore for quarter under review as compared to Rs 176.20 crore for the quarter ended June 30, 2011.

NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Middle East, Asia and Australia. It offers services in application development and maintenance, managed services, IP asset or platform solutions, and business process outsourcing to organizations in the financial services, travel and transportation, manufacturing/distribution, healthcare and government sectors.