Noida: NIIT Technologies Limited (NSE: NIITTECH), a leading global IT solutions organization, announced its financial results for the year FY15-16 resulting in revenues of `2,682 Crores, operating profits at `473 Crores and net profits at `280 Crores.
Revenues up 13.1% at `2,682 Crores
Operating Profits up 36.9% at `473 Crores
Net Profits up 145% at `280 Crores
“Growth during the year came on the back of increased international business and growth in BFSI sector”, said Mr. Arvind Thakur, Chief Executive Officer, NIIT Technologies Ltd. “Operating Margins improved through the year and this trend continued in Q4 with margins expanding by 20 bps during the quarter”, he added.
BFSI grew 29% during the year, increasing the revenue share to 38% from 33% last year. Travel and Transportation contributed to 35% of revenues. Manufacturing/Distribution share of revenues stood at 8% and Government at 4% of revenues for the year.
Americas had a robust growth of 17%, representing 46% of total revenue mix. EMEA grew by 8% during the year resulting in 34% contribution to the revenue. APAC contributed to 10% of total revenue mix. India revenue share reduced to 10% declining 14% YoY as a result of reduced focus on Government business.
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