NIIT Tech Q4 net up 139%, to issue 1:2 bonusBS Reporter / New Delhi May 23, 2007Strategic moves like shifting from voice to non-voice services and emphasis on research and analysis enabled New Delhi-based NIIT Technologies to report a consolidated net profit of Rs 45.90 crore for the fourth quarter ended March 31, 2007 (Q4FY07) -- an increase of 139% from Rs 19.2 crore in same quarter last year.The company's revenues for Q4FY07, too, grew by 47% to stand at Rs 243.50 crore as compared to Rs 166.20 crore in Q4FY06.Sequentially (compared to the previous quarter), NIIT registered a 32.65% rise over the previous quarter's (Q3FY07) figure of Rs 34.60 crore. Its revenues recorded a 5.18% increase over the previous quarter's figure of Rs 231.50 crore.The company saw a contribution of Rs 15.2 crore from its business process management (BPM) segment, which was previously running at a loss, for which strategic moves like shifting from voice to non-voice services and emphasis on research and analysis enabled growth.IT solutions contributed 94% to the revenue recording a figure of 228.3 crore while the rest was filled in by the BPM segment. The company supplemented its order book by committed business of $72 million (around Rs300 crore) during the quarter.For FY07, the company
