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Talent development company NIIT on Friday reported a three-fold rise in its consolidated net profits at Rs 7.75 crore in the June 2024 quarter. It had reported a net profit of Rs 2.18 crore in the year-ago period. Revenue from operations for the quarter under review came in at Rs 82.47 crore, up 31.86 per cent from Rs 62.54 crore in the corresponding quarter of the previous fiscal. Seen sequentially, revenue grew 10.93 per cent, but net profit declined 30.5 per cent. "The growth was driven by expansion in number of customers across private banks, GCCs, Tier II GSIs and large Indian enterprises. All round growth in the business led by 94 per cent YoY growth in BFSI and other programmes and technology programmes up 13 per cent YoY. BFSI & other programmes contributed 34 per cent of revenue in the quarter," the company said in a statement. NIIT vice chairman and managing director Vijay K Thadani, during the company's earnings press conference, said the revenue is in harmony with ...
US cloud-based service provider Salesforce has a big focus on India from a revenue and talent perspective, its executive vice president of real estate and workplace services Relina Bulchandani said on Thursday. According to Bulchandani, the future is incredibly bright for India. The San Francisco-based company is really committed to increasing its headcount in India, she said. "We have a big focus on India from a revenue and talent perspective... India is an incredible country from a growth perspective,' she told PTI on the sidelines of Salesforce's Dreamforce 2022 conference. Currently, Salesforce has offices in six Indian cities -- Mumbai, Hyderabad, Bengaluru, Pune, Gurugram and Jaipur. Bulchandani pointed out that Salesforce increased its headcount significantly during the pandemic period to 7,500 from 2,500 in April 2020. "Currently, we are growing rapidly. Like I said, in the last two years, we have grown 3x. "So, I would like to see that growth continuing going forward,"