Tech major, NIIT Technologies has said that its consolidated net profit surged 35.41% y-o-y to Rs 48 crore for the quarter ending December 31, 2010 from Rs. 35.3 crore a year ago. Its consolidated revenues too grew impressively by 30.63% to Rs 300.6 crore compared to Rs 230.1 crore, during the same period. “Our balanced revenue mix de-risks the business from uncertainties in any particular region,” said Rajendra S Pawar, Chairman, NIIT Technologies, while releasing the results.
The company, however, reported a fall in operating margins to 20.7% from 22%, during this period. It added 364 employees during Q3FY11, taking its headcount to 5358 at the end of the said quarter.
NIIT Technologies was spun off from parent NIIT, a pioneer in computer education in India, in 2004.
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