NIIT

The leading computer education and software services company
stands at #9, slipping from #6 last year. In line with this trend, NIIT’s
revenues grew modestly by 29% to close at Rs 750 crore, while net profit grew by
57% to Rs 224.13 crore. NIIT was ranked #5 in revenues and #4 in net profit. The
company’s gross bock stood at Rs 242.78 crore, placing it at #8 in gross block
size. The company was placed at #8 in ROCE, which stood at 41% and was down from
46% in the previous year. NIIT closes the year in September and including its
subsidiaries, the company’s performance would have been better, earning it a
higher ranking. The leading player in the Indian IT training segment, NIIT has
borne the brunt of the slowdown in the past few months, and this should affect
performance and ranking in the next year too. The company has been aggressively
setting up new centers both in India and abroad. However, the US-led slowdown is
hitting the company’s IT education business. Further, the company was a late
entrant in the North American software services market and the slowdown has
affected its services revenues.