New Delhi: Talent and skills development company NIIT on Tuesday said its consolidated net profit has jumped 350% to Rs19.7 crore for the December 2017 quarter on the back of strong growth in corporate learning business.
“A robust and continuing growth in Corporate Learning Group (CLG) coupled with strong operational controls in other businesses, resulted in 8% year-on-year growth in go-forward business in constant currency terms, and a 69% y-o-y growth in EBITDA, despite it being the weakest seasonal quarter," NIIT CEO Sapnesh Lalla said.
The company renewed a marquee MTS contract, resulting in revenue visibility of $199 million. At the end of the December 2017 quarter, NIIT had 3,741 employees.