NIIT Technologies has announced its financial results for the quarter ended on September 30, 2013 with a revenue of Rs.587.3 crore, representing a sequential growth of 8.4%. The Operating Profits stood at Rs.88.6 crore, representing a Q-o-Q growth of 13.2 per cent, while net profits grew 17.2% sequentially to Rs.62.4 crore, representing a 44.7-per cent rise over the same period last year.
The contribution to the total revenues from the U.S. increased to 41% while that from EMEA stood at 36%. The revenue share from the rest of the world stood at 23%. Among industry segments, travel and transportation contributed to 37%, BFSI was 33% and manufacturing/distribution contributed to 6% to the revenue mix.
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We experienced robust growth in the U.S. with business expanding by 15% sequentially during the quarter. EMEA grew by 11% with a strong intake of fresh new business, said Arvind Thakur, CEO & Joint MD, NIIT Technologies.
Three new clients were added during the quarter in the EMEA region all in the Travel and Transportation segment. Fresh orders of US$84 million were secured during the quarter leading to US$248 million worth of orders executable over the next 12 months.
During the quarter, the Company created a new position of Chief Operating Officer and inducted Sudhir Chaturvedi into this role. Global sales and delivery for software and business services would henceforth be managed by Sudhir.
Headcount at the end of the quarter stood at 8,017. Utilization improved to 80.3% from 77.3% from the previous quarter. Attrition during the quarter remained at 12.4%.
