NIIT Tech total order book at USD 101 mn

By CROW -

NIIT Tech has announced its second quarter results.

Here are the key concall takeaways:

  • Order intake in qtr at USD 49 mn in the qtr, total order book at USD 101 mn
  • Second half seen better than first half
  • Challenges in BPO and ROOM biz
  • Lower revenues in ROOM impacted IT services revenues
  • Expect 800-850 people in the year, 150-200 BPO, higher growth in head count in second half
  • Exchange rate 40.8
  • US rev contribution 31%, Europe 51%
  • 45% BFSI, 24% Retail
  • Volume inc 1% QoQ
  • Operating Margins at 19%
  • Top 5: 35% revenues contribution
  • Top 10: 37%
  • Forex gain of Rs 42 million
  • Core IT solutions business(excluding revenues from BPO and the newly integrated ROOM solutions) contributed Rs.191.2 crore to the consolidated revenues.
  • BPO business contributed Rs. 12.1 crore
  • ROOM Solutions contributed Rs.26.6 crore to the total pie.
  • IT solutions business grew 3.6% QoQ.
  • Added 6 new customers including excellent scalable accounts in the Travel &Transportation
  • In all, 235 people were added during the quarter,
  • Total number of people engaged at the end of the quarter to 4789.
Source Moneycontrol

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